Africa’s biggest IPO is coming. Dangote Refinery plans to list up to 10% of its equity, aiming to raise $2B–$5B. Strong demand, aggressive expansion plans, and multi-exchange listings have boosted market expectations and generated some excitement. Still, risks remain, including valuation, regulation, governance, and geopolitics. This episode looks at some key pros, cons, and what investors should watch before investing in what could be Africa’s most influential listing in a renaissance narrative.

Kevin Warsh is sworn in as 17th Federal  Reserve Chairman and other Business Headlines.

Nigeria’s CBN held rates at 26.5% as April inflation rose to 15.7%, describing the energy-driven pressure on prices as transitory.  The UK surprised with CPI cooling to 2.8% and softer services inflation, even as fuel costs climbed. South Africa’s inflation jumped to 4.0%, raising SARB hike odds. Meanwhile, crude oil supply disruption and falling inventories keep oil markets tight. Nvidia reported better than expected revenue and forecasts and is returning $80B in buybacks and boosting dividend. Plus trade deals from EU-US tariff talks and UK-Gulf states. 

0:00 Introduction

0:05 CBN Holds rates

9:01 Other Business Headlines

13:41 Global Markets (Nvidia Results)

Nigeria’s economy is growing, yet many people feel worse off. This episode takes a closer look at how inclusive that growth really is. The country may post stronger GDP figures, supported by high oil prices, reforms, and improved investor sentiment. At the same time, inflation, rising fuel and transport costs, and high interest rates continue to put pressure on households, manufacturers, and small and medium-sized enterprises. 

According to Dr Opeyemi Agbaje, Chairman PENCOM, Nigeria’s stabilisation has progressed quickly because of swift reforms, but policymakers still need to sustain targeted socioeconomic measures. A more constructive policy debate may now be needed on how these measures can be expanded and improved to reach more people. 

Please share your thoughts in the comments: Is Nigeria’s economic growth becoming more inclusive, and what more should be done for that to happen sooner?

US–China détente may be back, but Xi Jinping warns Washington to avoid the Thucydides Trap also as Taiwan tensions simmer. Markets applauded the Trump Xi Jinping meeting as Xi said the doors for US Business will only open wider and that consensus was reached to keep trade ties stable. But what is the Thucydides trap and what does this mean for Africa?

From the Africa Forward Summit in Kenya to Kigali’s Africa CEO Forum, the message is clear: Africa is back and attracting investor attention, but scale and integration—not rhetoric—will draw capital. Governance, infrastructure, power, skills, and education will determine the winners. Africa must also close the digital gap or face the serious risk of being sidelined in the technology race.

France and Kenya co-host the Africa Forward Summit in Nairobi, shifting from aid to investment. Macron unveils €23bn in energy, AI, port and jobs deals as Kenya touts AfCFTA opportunities and presses for fairer global finance. Protests and critics urge caution. South Africa’s President Ramaphosa skipped the summit, attended by about 30 heads of state, including Nigeria’s President Bola Tinubu.

Oil and gas veteran Victor Eromosele weighs in after the UAE’s OPEC exit. UK gilt yields hit a record amid turmoil as four ministers quit, intensifying pressure on Keir Starmer after heavy local-election losses. Trump’s China visit with top US CEOs keeps markets on edge.

Do we need more anti-corruption summits? Next month, London hosts the UK Illicit Finance Summit, a chance to curb dirty money and corruption. We show how light rules, weak enforcement, and fractured cross‑border cooperation let criminals exploit banks, property, gold, and crypto-assets while many look away. Transparency International highlights the “enablers”—lawyers, accountants, advisers, bankers and wealth managers—who use opaque structures like shells, trusts, and anonymous property to hide or launder stolen wealth. We outline what real reform requires and why it matters.

AI and war-driven geopolitics are rewriting global supply chains. Supply Chain Expert, Tosin Fasidi, explains why companies are shifting from legacy lowest-cost sourcing to resilient, regional, tech-enabled smart networks. Learn how generative AI improves risk sensing, supplier strategy, and procurement speed as inflation, tariffs, workforce aging, and conflict trigger shortages and price spikes.

With the latest April PMI data hinting at stockpiling and delays, and as procurement moves from back office to boardroom, supply chain is now a performance lever. Get it right to stay competitive; get it wrong, and there is a price to pay.

Global power markets are shifting: geopolitics is lifting costs, renewables are becoming the cheapest new supply, and AI-driven demand is reviving interest in safer, affordable nuclear sources. In Nigeria, reforms could unlock investment and reliable electricity for homes, jobs, and growth.  This episode discusses a potential reset in the Nigeria power sector - under accomplished technocrats - new Minister-designate Joseph Tegbe and Special Adviser Dr. Lanre Babalola. There is a clear and urgent need for rapid action, efficient execution, and bold decisive initiatives. 

Abayomi Olarinmoye, Partner Andersen Consulting and Engr. Seun Faluyi, an industry veteran with over 30 yrs in Nigeria’s energy sector, also provide expert insights.

Talent and Skills Security Outlook for 2026 highlights how AI and geopolitics are transforming work, leadership, and value creation. With skills rapidly changing and roles evolving, organisations now prioritise Skill Security over Job Security. 

This episode explores trends such as training embedded in daily workloads, human-plus-AI talent models, dynamic workforce planning, and change barriers such as the emotional toll for people adapting to AI and marriage to old pre-AI models. The episode provides actionable guidance for Boards, executives, and HR leaders. Includes other Business Headlines.

Why did the UAE suddenly decide to leave OPEC—and what does it mean for global oil markets as the group’s influence wanes? In this episode we break down the tensions, quota conflicts, and strategic shifts that pushed one of OPEC’s most influential members to walk away. Is OPEC losing relevance in a rapidly changing energy world?