Right Finance Weekly Wrap
Hello Community Member,
I am glad you get to read from me today. I hope you are excited too.
It’s been a while since I wrote you, and that is because I’ve been up to a few things which we will get to talk about in the coming weeks.
RFC started something new, a weekly finance wrap where we get to share a summary and insights on movement in the financial market and economy at the end of each week. This has been going on on our social media platforms before the break since April. However, I will be specially sharing this with you here for the first time. I hope to see your reactions and to hear from you at the end of this…happy reading.
RFC Weekly Finance Wrap
What happened in Nigeria’s economy this week?
CBN Retains Interest Rate at 26.5%
The Central Bank retained the Monetary Policy Rate at 26.5% for another cycle. (http://nairametrics.com)
For investors and businesses, this decision signals a level of stability in the broader financial environment.
Rather than introducing another rate increase, the CBN appears to be observing how previous policy decisions are affecting inflation, spending, and market activity.
What this means for Nigerians:
• Savings and fixed-income investments may remain attractive
• Businesses are still adjusting to existing borrowing conditions
• Investors are paying closer attention to long-term economic direction
For many Nigerians, this affects:
• Business expansion plans
• Access to financing for SMEs
• The overall cost of running a business
The inflation rate has maintained an upward trend
Nigeria’s inflation rate stood at 15.69% in April 2026, up slightly from 15.38% in March 2026.
This shows that while inflation is still elevated, the pace of increase remains relatively stable compared to previous periods.
Food inflation remains one of the biggest drivers, affecting everyday costs such as:
• Food and groceries
• Transportation
• Household essentials
What this means:
Prices are still rising, but the movement is more gradual compared to earlier periods of sharp increases.
Top Performing Stocks This Week (NGX)
This week’s top performers on the Nigerian Exchange included:
• ABC Plc — up about 20% for the week
• Academy Press Plc — gained around 18%
• University Press Plc — up roughly 15%
• International Energy Insurance Plc — about 12% growth
• Lafarge Africa Plc — close to 10% gain
What stood out this week:
Smaller and mid-cap stocks drove stronger percentage gains, while some larger industrial names recorded steady but slower growth.
Dangote Refinery IPO Update
The planned Dangote Refinery IPO continues to generate strong interest across Africa’s capital markets.
According to BusinessDay, the refinery has attracted nearly $2 billion in private placement requests ahead of its expected listing. (http://businessday.ng)
The listing is currently expected around Quarter 3 of 2026, although final timing depends on regulatory and market processes.
Why this matters:
This is not just a Nigerian listing.
It is shaping up to be one of the most significant capital market events in Africa, with implications for:
• Energy investment flows across the continent
• Cross-border investor participation
• Industrial expansion and regional trade
Interest is already building strongly among institutional and retail investors ahead of the public offer. RFC advise is that you put your money aside for early action to avoid over subscription from the big players who are already waiting and ready😊
This week’s economy tells a simple story:
Inflation is steady but persistent.
Policy remains stable.
Investor behaviour is becoming more selective.
The real advantage is not reacting faster, but understanding better.
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