By the AFREEQUE newsroom, based on Daily Post
The Nigerian naira depreciated to 1,367.61 naira per dollar on 26 October, from 1,361.84 at the previous close, according to Central Bank of Nigeria data. The further fall came as trading resumed on foreign exchange markets, Daily Post reports.
Nigerian banks cut lending to manufacturers by 26.8% to 5.19 trillion naira in the first half of 2026, down from 7.09 trillion a year earlier. Manufacturers are calling for better credit guarantees and the full activation of a 1 trillion naira stabilisation fund, according to Vanguard, citing Central Bank of Nigeria data.
🇳🇬 Nigeria · Source: Vanguard ·
Brazil’s stock exchange suspended trading for 30 minutes after the Ibovespa index fell by 10%, while the real lost about 12% against the dollar. The market rout led the Treasury to cancel bond auctions scheduled for 27 and 29 October, according to exchange operator B3 and Brazilian authorities.
🇧🇷 Brazil · Source: Sabcnews ·
Subscriptions for the Nigerian Dangote refinery’s IPO end on Tuesday 27 October 2026, after a sharp rise in demand over the past 24 hours. The company, which extended the offer by two weeks, says there will be no further delay, Daily Post reports.
🇳🇬 Nigeria · Source: Daily Post ·
Casablanca’s MASI index fell 0.32% on Monday 26 October to close at 16,999.56 points, below the 17,000-point threshold. Trading exceeded 729.6 million dirhams and the pharmaceutical sector recorded the biggest decline, according to Infomediaire.
🇲🇦 Morocco · Source: Infomediaire ·
Nigerian army arrests fake soldier suspected of theft in PlateauNigerian Operation Enduring Peace soldiers arrested Salim Idris, suspected of impersonating a military officer and stealing phones in Filin Sukuwa, in Jos North, Plateau State. The arrest took place on 25 October at about 11.30am and the suspect remains in custody as the investigation continues, according to Captain Chinonso Oteh, quoted by Punch.
Dakar 2026: Ndiaye calls for jobs for trained young peopleMamadou Diagna Ndiaye, president of the organising committee for the Dakar 2026 Youth Olympic Games, is calling for jobs to be created for young people trained during preparations. He wants to better link training, entrepreneurship and funding so these skills can be retained in Senegal, according to the APS.The week in Africa
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