Tinubu names Dangote, Elumelu, and others members of economic advisory committee
President Bola Tinubu on Sunday, inaugurated an Economic Advisory Committee made of up eminent players in the economic sector, including Aliko Dangote, Tony Elumelu, among others. The committee which was set up to help the Tinubu’s administration tackle the myriad of economic challenges faced by the federal government, was charged by the President to come up […]
CFG AFRICA MACROECONOMIC HIGHLIGHTS 15/09/2025
Grid collapse, debts crippling power plants – GenCos – The Chief Executive Officer of the Association of Power Generation Companies, Joy Ogaji, has kicked against threats to disconnect generation companies from the national grid, warning that unstable transmission and market failures are damaging their plants and deepening losses. The GenCos also demanded regulations mandating the […]
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CFG AFRICA MACROECONOMIC HIGHLIGHTS 10/09/2025
FIRS taps EFCC to enforce tax compliance – The Federal Inland Revenue Service has said that the Economic and Financial Crimes Commission is key in its drive to enforce voluntary tax compliance. According to a statement from the service on Tuesday, the FIRS Executive Chairman, Dr. Zacch Adedeji, said this during a courtesy visit to […]
CFG AFRICA MACROECONOMIC HIGHLIGHTS 09/09/2025
Naira appreciates at N1506 amidst reduced FX pressure – The Nigerian local currency, the naira, appreciated to N1,506 per dollar at the official window even as the nation’s foreign reserves reached $41.500 billion. This is according to the Nigeria Foreign Exchange Market (NFEM) update released by the Central Bank of Nigeria (CBN), indicating spot rate […]
CFG DAILY MARKET REPORT FOR SEPTEMBER 8TH 2025
CFG_DMR_08-SEP-2025
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 […]
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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 […]