POBLYSH DAILY
ISSUE OF
The biggest business stories moving African markets, with the outlets that reported them.
Dangote Refinery prepares for an early December listing on the NGX, while Cameroon orders a shutdown at Metafrique Steel following a deadly
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Dangote Refinery prepares for early December listing on NGX after record IPO – Businessday NG
… to push NGX equities market capitalisation to N230trn Dangote Petroleum Refinery is on track to officially hit the boards
Why it matters: The listing aims to push the NGX equities market capitalisation to N230trn, signalling major liquidity shifts for Nigerian investors.
Businessday NG · Nigeria · 3 November
Metafrique : 4 morts et 16 blessés graves dans un nouvel incendie, le gouverneur veut l’arrêt de l’usine
The Littoral governor has called for the cessation of Metafrique Steel’s activities, citing repeated safety failures after a fire killed four people.
Investir au Cameroun · Cameroon · 3 November
Transport FX utilisation hits six-year high on auto import demand – Businessday NG
A 41.3% rise in foreign exchange utilisation for auto imports indicates strong demand but puts pressure on Nigeria’s foreign reserves.
Businessday NG · Nigeria · 3 November