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Delayed 15 min · 13:55 GMT

FLASH

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Central banks' super week: Fed, ECB, BoJ seen holding; Canada may hike Moody’s spares France a downgrade as 10-year yield tops 5% Oil slips from six-month highs as Qatar mediates in Tehran China’s Fifth Plenum opens as AI exports mask weak home demand Lula wins, Brazil markets brace for shock sell-off; Tokyo Brazil ETF plunges ~15% Brazil votes today: Lula faces Flávio Bolsonaro in runoff Fed, ECB, BoJ Rate Decisions This Week: Holds Expected, December in Focus Oil is pricing in the next round of war. Brent tops $116 as Iran tensions drag Wall Street lower Global money is bidding for India's biggest growth stories while leaving India’s index

Regions

Dangote refinery posts $4.73B profit, extends IPO to 27 Oct

Africa’s biggest industrial bet showed its first big numbers and won more time for its IPO, in a week when the IMF projected solid growth for the continent.

Market Signals | 18 October 2026

Dangote refinery posts $4.73B profit, extends IPO to 27 Oct

Africa’s biggest industrial bet showed its first big numbers and won more time for its IPO, in a week when the IMF projected solid growth for the continent.

Dangote’s refinery IPO now closes on 27 October with SEC approval, and the refinery reported nine-month EBITDA of $5.52 billion and net profit of $4.73 billion, against a loss a year earlier.

Ethiopian qualified investors became eligible for the ₦525-per-share offer.

Tein George’s Vaaris agreed to buy Shell’s Nigerian gas distribution business. The IMF projects African growth at 4.5% in 2026 and 5% in 2027.