Rio Times · Africa Intelligence Brief August 7
—NNPC listing President Bola Tinubu said on Thursday that Nigeria’s state oil company will be reformed and listed on the Nigerian Exchange, without setting a date.
—Market surge Nigeria’s market value has risen from about 30 trillion naira in 2023 to roughly 160 trillion, with the main index up from 52,000 to 244,000.
—Pension money South Africa’s SA-H2 hydrogen fund closed a first round of 3 billion rand, backed by the pension fund of government employees.
—Fuel prices Dangote cut its depot price of petrol to 1,165 naira a litre from 1,215, though filling stations have kept their old rates.
