Tracking African financial markets, commodity flows, and investment signals — every week.

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monetary policy

High-rise office towers and busy traffic along the Marina in Lagos, Nigeria's financial district
Investment Signals

FMDQ Turnover Hits N551.23 Trillion in Nine Months as FX and OMO Bills Take 64%

FMDQ turnover reached N551.23 trillion from January to September 2026, with FX and CBN OMO bills making up 64% and three banks handling 42.7% of the total.

4 min read

Aerial view of central Kampala with office towers and a shopping mall
Currencies & Forex

Uganda Shilling Hits Record Low Near Shs4,250/$ as Central Bank Returns to Dollar Sales

The Uganda shilling fell to a record low near Shs4,250 per dollar, wiping out the gains from a 225-point rate hike. Why it is sliding and what comes next.

4 min read

Aerial view of Victoria Island, Lagos, with boats on the lagoon above a navy band carrying the headline private sector credit falls N537.6bn
Macro & Economy

Nigeria Private Sector Credit Falls N537.6bn in September Despite the CBN's Biggest Rate Cut Since 2006

Nigeria's private sector credit fell N537.6bn to N83.93trn in September, even after the CBN's 350bp rate cut. What is holding back bank lending in Nigeria.

4 min read

Bundles of naira banknotes on a dark table
Macro & Economy

Nigeria Money Supply Jumps N7.5 Trillion in September to N146.6 Trillion

Nigeria money supply rose 5.4% in September to N146.6 trillion after a flat August, CBN data show. What drove the jump and what it could mean for inflation.

4 min read

Quiet Johannesburg city street with traffic lights and office blocks
Macro & Economy

South Africa Inflation Rises to 4.5% as Transport Costs Jump 10.8%

South Africa inflation rose to 4.5% in September from 4.4%, driven by a 10.8% jump in transport costs, keeping prices well above the SARB's 3% target.

4 min read

Aerial view of the Lagos lagoon with boats crossing the water beside a long road bridge and Victoria Island buildings
Investment Signals

Nigerian Banks Park N6 Trillion at the CBN After N2.4 Trillion OMO Repayment

Nigerian banks' CBN deposits topped N6 trillion after a N2.41trn OMO repayment, as the DMO rejected about 74% of bids at its latest Treasury bill auction.

4 min read

CBN Governor Olayemi Cardoso speaking into a microphone at a conference, with a Market Pulse Africa headline band about Nigeria-China trade payments
Currencies & Forex

Nigeria-China Payments: CBN's Cardoso Takes Settlement Talks to Beijing

Nigeria-China payments are on the CBN's agenda as Governor Cardoso plans Beijing talks on settlement, fintech and trade finance with the People's Bank of China.

4 min read

Crowded open-air market street in Lagos with traders carrying goods on their heads, above a navy band with the Market Pulse Africa logo
Macro & Economy

Nigeria Inflation Falls to 14.63%, Its Lowest Since 2025, but Living Costs Still Bite

Nigeria inflation eased to 14.63% in September, the lowest since 2025, yet food inflation stayed near 19.6% and households say prices are still too high.

3 min read

A trader studies a rising stock chart on a screen inside a Nigerian financial trading floor, with a soft downward-easing interest rate graph overlaid in the background.
Investment Signals

CBN 350bps MPR cut to drive equities demand as investors rotate from fixed income

The CBN's record 350bps rate cut to 23% is set to push investors from fixed income into equities — here's what's driving the shift and what to watch.

6 min read

African central bank illustration showing interest rates, inflation charts and currency market indicators for Nigeria, South Africa and Kenya.
African Equities

African Central Banks Hold the Line as Inflation Shapes Rate Decisions

Nigeria, South Africa and Kenya kept their benchmark interest rates unchanged as policymakers balanced inflation risks against economic growth. The decisions highlight the different pressures facing three of Africa's largest economies.

1 min read

MarketPulse Africa financial graphic showing the BEAC rate decision, a 4.50% policy rate, a highlighted Central African map, an upward market chart, and a euro symbol
Currencies & Forex

BEAC Rate Decision: What Central Africa's Monetary Policy Means for Borrowing, Investment and the FCFA

The Bank of Central African States sets monetary policy for six CEMAC nations. Its decisions reach corporate borrowing costs, government financing and the investment climate across a region of roughly 55 million people.

2 min read