
The Week Ahead
SBM Intelligence's take on Nigeria and Africa brought to you every week.
The Week Ahead
Trigger-nometry
After being idle for a couple of decades, the 59-year-old Port Harcourt Refinery suddenly resumed operations. With an initial production capacity of 60,000 barrels per day, this marks a major step in reducing Nigeria’s dependence on imported fuel. How quickly will this impact fuel supply and stabilize the domestic market?
The National Bureau of Statistics reported that Nigeria’s economy grew by 3.46% in Q3 2024, up from 3.19% in Q2 driven by a strong services sector and improved oil production. Unemployment fell to 4.3%, but with rising lending rates at 27.50%, how real is this progress?
In Ghana, election tensions are high. Journalist Oheneba Nana Asiedu was arrested for spreading false information, while opposition leader John Mahama accused the ruling party of voter intimidation. How will this affect the upcoming 7 December elections?