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Markets Reporters

@MarketsReporter

Follow Us for Timely, Trustworthy Business, Financial and Economic News and Analysis on Nigeria and the Rest of Africa. Contact: [email protected]

 Lagos, Nigeria
marketsreporters.com/
Joined March 2020
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Nigeria Posts Biggest Decline in Jollof Cost Since 2016 marketsreporters.com/2026/10…
Nigeria Posts Biggest Decline in Jollof Cost Since 2016 - Markets Reporters

Nigeria Posts Biggest Decline in Jollof Cost Since 2016 - Markets Reporters

Nigeria’s cost of cooking a pot of jollof rice recorded its biggest quarterly decline since the index began tracking prices in July 2016, as falling chicken, beef and vegetable oil prices eased...

marketsreporters.com
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Dangote Cement Valuation Surges to N20trn for First Time marketsreporters.com/2026/10…
Dangote Cement Valuation Surges to N20trn for First Time - Markets Reporters

Dangote Cement Valuation Surges to N20trn for First Time - Markets Reporters

Dangote Cement Plc’s market capitalisation crossed N20 trillion for the first time on Monday, as the company’s shares surged 10 percent on the Nigerian Exchange Limited (NGX), cementing its position...

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Italian Oil Giant Eni Sells Its Last Nigerian Onshore Stake to Indian-Owned Operator marketsreporters.com/2026/10…
Italian Oil Giant Eni Sells Its Last Nigerian Onshore Stake to Indian-Owned Operator - Markets...

Italian Oil Giant Eni Sells Its Last Nigerian Onshore Stake to Indian-Owned Operator - Markets...

Italian energy major Eni has completed the sale of Agip Energy and Natural Resources (Nigeria) Limited (AENR) to Apex Global Energy Limited (APEX). The sale marks Eni's full exit from oil and gas...

marketsreporters.com
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[BREAKING] Shell Exits Nigerian Domestic Gas Market with SNG Sale to Vaaris marketsreporters.com/2026/10…
[BREAKING] Shell Exits Nigerian Domestic Gas Market with SNG Sale to Vaaris - Markets Reporters

[BREAKING] Shell Exits Nigerian Domestic Gas Market with SNG Sale to Vaaris - Markets Reporters

Shell Petroleum B.V. is officially exiting Nigeria’s domestic gas distribution market after more than two decades, having signed an agreement to sell its entire interest in the Shell Nigeria Gas...

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Dangote Refinery Swings to $4.7bn Nine-Month Profit, $651m Net Cash Position marketsreporters.com/2026/10… #Dangoterefinery
Dangote Refinery Swings to $4.7bn Nine-Month Profit, $651m Net Cash Position - Markets Reporters

Dangote Refinery Swings to $4.7bn Nine-Month Profit, $651m Net Cash Position - Markets Reporters

Earnings rise sharply and the balance sheet moves to net cash as Africa's largest refinery heads toward its IPO Dangote Petroleum Refinery and Petrochemicals FZE made a net profit of $4.7 billion in...

marketsreporters.com
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Why We Extended Africa’s Biggest IPO, by Dangote Refinery marketsreporters.com/2026/10… #DangoterefineryIPO
Why We Extended Africa’s Biggest IPO, by Dangote Refinery - Markets Reporters

Why We Extended Africa’s Biggest IPO, by Dangote Refinery - Markets Reporters

Dangote Petroleum Refinery and Petrochemicals FZE (DPRP) has announced a two-week extension for its Initial Public Offering (IPO), pushing the closing date from October 13 to October 27. Following...

marketsreporters.com
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Global Rating Firms Lift Nigeria’s Debt Outlook Amid Economic Reforms marketsreporters.com/2026/10…
Global Rating Firms Lift Nigeria’s Debt Outlook Amid Economic Reforms - Markets Reporters

Global Rating Firms Lift Nigeria’s Debt Outlook Amid Economic Reforms - Markets Reporters

Nigeria’s sovereign credit outlook has turned positive at two major global rating agencies in less than two months, reflecting improving foreign exchange reserves, stronger external buffers and...

marketsreporters.com
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African Fintech Giant Airtel Money Debuts on London Bourse with £5.3 Billion Valuation marketsreporters.com/2026/10… @AirtelMoney_Afr @LSEplc
African Fintech Giant Airtel Money Debuts on London Bourse with £5.3 Billion Valuation - Markets...

African Fintech Giant Airtel Money Debuts on London Bourse with £5.3 Billion Valuation - Markets...

Airtel Money has officially joined the London Stock Exchange (LSE) Main Market, marking a significant milestone for one of Africa’s largest digital financial services platforms. Conditional trading...

marketsreporters.com
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NNPC Gives Up Petrol Profit as FG Moves to Steady Prices marketsreporters.com/2026/10… @nnpclimited #Petrolsubsidy #fuelsubsidy
NNPC Gives Up Petrol Profit as FG Moves to Steady Prices - Markets Reporters

NNPC Gives Up Petrol Profit as FG Moves to Steady Prices - Markets Reporters

The Nigerian National Petroleum Company (NNPC) Limited will give up its profit margin on petrol and sell at cost as part of measures to protect struggling households from rising global crude oil...

marketsreporters.com
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Stanbic IBTC, REA Seal N100bn Deal to Boost Nigeria’s Solar Rollout marketsreporters.com/2026/10… @StanbicIBTC @RuralAgency
Stanbic IBTC, REA Seal N100bn Deal to Boost Nigeria’s Solar Rollout - Markets Reporters

Stanbic IBTC, REA Seal N100bn Deal to Boost Nigeria’s Solar Rollout - Markets Reporters

New revolving loan facility will help developers buy equipment and speed up electricity access under the World Bank-backed DARES programme The Rural Electrification Agency (REA) has signed a Memora...

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US Consulate Project in Nigeria’s Eko Atlantic City Reaches Peak marketsreporters.com/2026/10… @USinNigeria
US Consulate Project in Nigeria’s Eko Atlantic City Reaches Peak - Markets Reporters

US Consulate Project in Nigeria’s Eko Atlantic City Reaches Peak - Markets Reporters

The United States has marked a major construction milestone at its new consulate compound in Eko Atlantic City, Lagos, with a project that U.S. officials say is injecting more than $95 million into...

marketsreporters.com
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Nigeria Opens 40 Oil Blocks to Bidders, Targets 788,000 bpd in Shut-In Production marketsreporters.com/2026/10… @NUPRCofficial
Nigeria Opens 40 Oil Blocks to Bidders, Targets 788,000 bpd in Shut-In Production - Markets...

Nigeria Opens 40 Oil Blocks to Bidders, Targets 788,000 bpd in Shut-In Production - Markets...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has launched the Nigeria 2026 Licensing Round, offering 40 oil and gas blocks across onshore, shallow water and deep water terrains to...

marketsreporters.com
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UBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking   marketsreporters.com/2026/10…
UBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking - Markets Reporters

UBA Overtakes Access to Become Nigeria’s Top Bank in Africa Ranking - Markets Reporters

United Bank for Africa (UBA) has overtaken Access Bank in the latest ranking of Africa’s top 100 banks after a sharp increase in its Tier 1 capital lifted the lender five places on the continental...

marketsreporters.com
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‘The Grid Has Been Unstable’: Ikeja Electric Apologises to Customers as Blackout Worsens marketsreporters.com/2026/10… #Nationalgrid #Nationalgridcollapse
‘The Grid Has Been Unstable’: Ikeja Electric Apologises to Customers as Blackout Worsens - Markets...

‘The Grid Has Been Unstable’: Ikeja Electric Apologises to Customers as Blackout Worsens - Markets...

Nigeria's electricity supply suffered a fresh setback on Monday as power generation on the national grid crashed to 1,698.50 megawatts, forcing distribution companies to ration the little available...

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NLNG Tops Cargo Target, Eyes Deeper Partnership with Renaissance marketsreporters.com/2026/10… @officialnlng @Renaissance_Afr
NLNG Tops Cargo Target, Eyes Deeper Partnership with Renaissance - Markets Reporters

NLNG Tops Cargo Target, Eyes Deeper Partnership with Renaissance - Markets Reporters

Nigeria LNG Limited has credited Renaissance Africa Energy Company Limited with helping raise its plant utilisation from about 50 per cent to 82 per cent, alongside cargo deliveries exceeding its...

marketsreporters.com
24
TGI to Take Stake in DP World’s Nigeria Logistics Business marketsreporters.com/2026/10… @DP_World

TGI to Take Stake in DP World’s Nigeria Logistics Business - Markets Reporters

DP World and Tropical General Investments (TGI) Group have announced a partnership to expand logistics services in Nigeria and lay the groundwork for growth across West Africa. Under the agreement,...

marketsreporters.com
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[FULL TEXT] Tinubu Says Nigeria Has Reached ‘Turning Point’ in Independence Day Speech marketsreporters.com/2026/10… @officialABAT #Tinubu
[FULL TEXT] Tinubu Says Nigeria Has Reached ‘Turning Point’ in Independence Day Speech - Markets...

[FULL TEXT] Tinubu Says Nigeria Has Reached ‘Turning Point’ in Independence Day Speech - Markets...

FROM REFORM TO PROSPERITY: INDEPENDENCE DAY ADDRESS TO THE NATION BY PRESIDENT BOLA AHMED TINUBU ON 1 OCTOBER 2026 My fellow Nigerians, Sixty-six years ago today, our flag was raised, for the first...

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Dangote Breaks Ground on $16bn Kenya Refinery, Draws Applause from African Leaders  marketsreporters.com/2026/10… @DangoteGroup #Dangote
Dangote Breaks Ground on $16bn Kenya Refinery, Draws Applause from African Leaders - Markets...

Dangote Breaks Ground on $16bn Kenya Refinery, Draws Applause from African Leaders - Markets...

Africa’s push for industrial independence took a historic leap forward on Wednesday as Kenyan President William Ruto and industrialist Aliko Dangote broke ground on a massive $16 billion petroleum...

marketsreporters.com
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Chevron Commits to Nigeria’s Energy Future with Deepwater and Gas Expansion marketsreporters.com/2026/10… @Chevron
Chevron Commits to Nigeria’s Energy Future with Deepwater and Gas Expansion - Markets Reporters

Chevron Commits to Nigeria’s Energy Future with Deepwater and Gas Expansion - Markets Reporters

As Nigeria celebrates its 66th Independence Anniversary, multinational energy giant Chevron has reaffirmed its long-term commitment to the country, highlighting over six decades of strategic invest...

marketsreporters.com
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Sahara’s LPG Carrier Arrives in Ghana for First Time With 5,000 Tonnes marketsreporters.com/2026/09… @iamsaharagroup @Asharami_Energy
Sahara’s LPG Carrier Arrives in Ghana for First Time With 5,000 Tonnes - Markets Reporters

Sahara’s LPG Carrier Arrives in Ghana for First Time With 5,000 Tonnes - Markets Reporters

MT Asharami Ghana has delivered 5,000 metric tonnes of liquefied petroleum gas on its maiden voyage to Ghana, adding to the country’s fuel supply as it seeks to expand access to cleaner cooking...

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