FinanceHigh
Cardoso takes Nigeria's cross-border payment talks to Beijing. Why paying Chinese suppliers still runs through dollars, and what a direct channel would change.
Betini Udom
PoliticsHigh
Holding two nationalities can bar some African politicians from office, and the rules differ by country. Here is how Ghana, Kenya and Nigeria treat the question.
Betini Udom
EconomyLow
The IMF has nudged up its 2026 growth forecast for sub-Saharan Africa to 4.5%. Country figures, including Nigeria's, were not in the material we could access.
Chiamaka Prudence
Each desk, its lead first
Low
Polygon Labs has bought US-regulated crypto firm Coinme to run its own payments business. Here is what that means, and why Visa and Stripe are not yet worried.
Chiamaka Prudence
High
US crude rose 6.46% in a week to $97.58 a barrel after a surprise stock draw and ship attacks near Hormuz. Here is what drove it and why Nigerian readers should watch.
Chiamaka Prudence
Medium
Tenaris spent about $10m upgrading a deepwater pipe-coating plant in Onne, Nigeria. What the plant does, why it matters, and what it signals.
Chiamaka Prudence
Medium
Betini Udom
Low
Betini Udom
Medium
Betini Udom
Medium
CBN governor Olayemi Cardoso is now chairman of Africa Finance Corporation's board. What AFC does, and why the CBN's 38% shareholding explains the appointment.
Betini Udom
Low
Cardoso says stronger independent members reduced groupthink at the CBN's MPC. The reforms, the September rate cut, and what remains unverified.
Betini Udom
Medium
NGX Group is taking the Dangote refinery offer to exchanges across Africa. What cross-border capital raising means and why it is hard.
Chiamaka Prudence
High
Eight attack jets at a new Chinese facility in Laos, a country owing China 52% of GDP. What is verified, what is not, and what the lending built.
Betini Udom
Low
Nigeria's MPR fell from 26.5% to 23% days after the Fed hiked. The CBN called it an operational reset — the label matters more than it sounds.
Betini Udom
Medium
Nigerian stablecoin volume runs to about $22 billion while cNGN sits near ₦2.3 billion. That gap is a verdict on the naira — and it carries real risks.
Betini Udom
High
In an economy where nobody publishes what things cost, the person with the least information pays the most. That is a tax, and it falls hardest on people who can least afford it.
Betini Udom
Newsletter
The essential money, markets and business stories — delivered without the noise.
Weekday mornings. Unsubscribe at any time.
Weekly challenge
Entries Open --D --H --M
“You have $100 million to invest across Africa for the next 10 years.”Enter the challenge
Corporate financial results parsed for clarity. We read the numbers—you understand the story.
Pre-tax profit up 2%, after-tax profit down 19%, and a ₦621bn smaller bad-loan charge. We read Zenith Bank's full filing: the trading loss, the tax bill and the ₦1.50 dividend.
| Gross earnings | ₦1.90trn |
| Profit after tax | ₦430.8bn |
| Impairment charge | ₦141.1bn |
H1 2026
| Revenue | ₦17.60bn |
| Profit after tax | ₦10.36bn |
| Tax charge | ₦4.40bn |
H1 2026
| Revenue | ₦650.8bn |
| Profit after tax | ₦64.8bn |
| Cash and deposits | ₦5.6bn |
H1 2026
| Profit after tax | ₦41.5bn |
| Revenue | ₦391.9bn |
| Short-term gap | ₦462.8bn |
RainingMoney Intelligence Unit — intelligence for people who move money
The essential developments of the day.
What matters beneath the headlines.
Long-form research and analysis.
Get first access when these products launch.
Proprietary index
Life got harder this month. Government says prices are rising slower than before. Go to the market and you will not feel it. Food, fuel and transport all went up in September.
75.0 out of 100
