BLD Lunch
Sunday, 20 September 2026
The rate-setters meet with the naira holding its narrow spread, the case for gas buses arrives as route-level numbers, and Brent stays above a hundred.
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01 / 105 min read
Nigeria's central bank meets with its rate at 26.50 percent
The Monetary Policy Committee sits on Monday and Tuesday, and Bank of America expects the first cut since February.
Source · The Rio TimesThe naira trades near 1,390 on the street against about 1,330 official
Street traders in Lagos, Abuja, Kano and Port Harcourt quoted the dollar at 1,390 naira for buyers on Friday, roughly 4.3 percent above the official figure.
Source · The City CelebPetrol reaches 1,850 naira a litre in parts of northern Nigeria
Pump prices of 1,500 naira in Kano, Sokoto and Borno and up to 1,850 naira in Mubi have drawn a direct appeal to the president to reverse the increase.
Source · The Rio TimesKaduna's gas buses saved commuters 3.5 billion naira in a year
The government's case for gas transit rests on route-level numbers: Lagos to Ibadan down from 8,000 naira to 3,200, Enugu to Nsukka from 2,500 to 1,500.
Source · NairametricsRights group says gas buses alone will not fix transport costs
HURIWA urged the federal government to pair the CNG rollout with measures that bring down petrol and energy prices directly.
Source · VanguardFree zones must export 75 percent of output under new federal rules
The government set a new export threshold for free zone operators, which have attracted 200 billion dollars in foreign and 900 billion naira in domestic investment.
Source · BusinessDayGhana's cedi holds near 10.95 to the dollar
Improved interbank liquidity and softer corporate demand for dollars are expected to keep the cedi broadly unchanged.
Source · ZawyaSouth Africa's rate decision lands Wednesday with inflation turning up
The Reserve Bank holds at 7.00 percent into a decision expected on 23 September, with August inflation expected to rise to 5.0 percent from 4.3 percent in July.
Source · The Rio TimesBrent settles at 103.87 dollars a barrel
Brent crude closed at 103.87 dollars on 18 September, down 95 cents, holding above the hundred dollar line.
Source · The Rio TimesHouthi and Saudi fighting threatens to lift oil prices again
Renewed fighting between Houthi forces and Saudi Arabia is being watched as a risk to Middle East stability and to the oil price.
Source · PatchThe BLD Challenge opens at the end of the edition
9 stories to go.