CFG AFRICA MACROECONOMIC HIGHLIGHTS 08/09/2025

No plan to shut petrol unit — Dangote refinery – The Dangote Petroleum Refinery has denied a report that it could shut its petrol unit for two to three months. The spokesman of the Dangote Group, Anthony Chiejina, described the report as “fake”. Reuters had reported that the petrol unit at the 650,000 barrel-per-day Dangote […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 03/09/2025

Marketers continue imports as Dangote petrol arrives US – The Dangote Petroleum Refinery last week made its first Premium Motor Spirit (petrol) shipment to the United States, while local marketers insisted on fuel importation. This confirmed earlier reports that the refinery is exporting more fuels following the shutdown of some foreign refineries for maintenance. According […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 02/09/2025

Europe stocks steady as Chinese tech surges – Shares in Europe remained steady on Monday, as Chinese technology stocks surged, while European long-dated bonds faced heavy pressure, according to Reuters. Europe’s broad STOXX 600 index gained 0.1 per cent, initially boosted by improved manufacturing data, though the positive momentum eased later in the day. In […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 27/08/2025

Market capitalisation jumps N203bn as stocks extend rally – The Nigerian Exchange extended its bullish momentum on Tuesday as investors gained N203bn, pushing the market capitalisation to N89.7tn at the close of trading. The benchmark All-Share Index rose by 321.59 points, or 0.23 per cent, to settle at 141,761.36 compared with 141,439.77 recorded on Monday. […]

CFG AFRICA MACROECONOMIC HIGHLIGHTS 25/08/2025

Commercial paper market jumps 107% to N1.58tn – The value of new listings of commercial papers in the first seven months of 2025 more than doubled compared to the same period in 2024 to hit N1.58tn. The PUNCH analysis of the FMDQ Financial Markets Monthly report indicated that the CP market grew with significant highs […]

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