A devastating downgrade

The Week Ahead

A Brigadier General of the Nigerian Army, Musa Uba, was captured and murdered by ISWAP terrorists following an ambush in Borno State. On the same day, 25 school girls were kidnapped in Kebbi State, and the next day, three people were killed in an attack on a church in Kwara State, an attack that was live-streamed. What the heck is happening in Nigeria?
Nigeria has dropped its plan to introduce a 15% duty on imported petrol and diesel. Regulators say the fuel supply is stable and warn against panic buying or hoarding, noting they will continue to monitor the market to ensure stability. What does this reversal mean for local refineries and overall fuel pricing?
Ivory Coast raised 59.05 billion CFA francs from a short-term Treasury bill, showing investors remain confident. S&P kept the country’s BB/B rating stable, citing strong growth prospects and steady economic management. How will this affect the Ivory Coast’s future borrowing and investor interest?

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