The Central Bank of Nigeria unexpectedly cut interest rates by the biggest margin in almost two decades as underlying inflation eased.

One of the world’s highest real interest rates and fresh inflationary pressures from surging energy prices have economists split over whether Nigeria will keep borrowing costs on hold again or resume easing.

Nigeria’s central bank is expected to resume cutting interest rates at next week’s meeting, buoyed by slowing inflation and exchange-rate stability, according to Bank of America.

Senegal, the cash-strapped nation that recently agreed a $2.2 billion bailout from the International Monetary Fund and is seeking to rework its debts, is among African sovereigns included in a new frontier-markets bond index being introduced by JPMorgan Chase & Co.

Nigeria’s annual inflation rate unexpectedly fell in August, improving the case for policymakers to resume their easing cycle next week.

Nigeria’s antitrust commission said it is probing Uber Technologies Inc.’s abrupt exit from the West African nation, after the ride-hailing platform shut down last week without prior notice to users.

Billionaire Aliko Dangote is seeking to raise $1.6 billion in what would be Nigeria’s biggest initial public offering, selling shares in the company that operates Africa’s largest oil refinery.

A multibillion-dollar fuel subsidy that kept Nigerian pump prices low for decades has emerged as a central battleground ahead of January’s presidential elections.

A multibillion-dollar fuel subsidy that kept Nigerian pump prices low for decades has emerged as a central battleground ahead of January’s presidential elections.

Nigeria’s economy grew at the fastest pace in five years in the second quarter as elevated crude prices fueled by the US war on Iran boosted output and foreign-currency liquidity.

Campaigning for Nigeria’s January election is officially underway, with voters in Africa’s largest democracy offered the same slate of candidates as three years ago — and many of the same challenges.

Nigeria’s inflation rate fell in July, raising expectations that the central bank may resume cutting interest rates from as early as next month.

A governor in Nigeria’s southwestern Osun state fended off a challenge from the ruling party to secure another four-year term, giving the fractured opposition a morale-boosting victory ahead of national elections in January.

Nigeria announced sweeping tax incentives to attract as much as $50 billion of investment in deepwater-oil and gas projects and revive capital-intensive projects that have stalled for decades.

Africa-focused fintech PalmPay Ltd., valued at more than $1 billion in an ongoing funding round, is preparing for a potential Hong Kong initial public offering, according to people with knowledge of the matter.

Nigeria’s central bank said plans to shift to an inflation-targeting regime haven’t been derailed by price pressures emanating from the Iran war, and it expects to conclude the process in two years’ time.

Nigeria’s central bank held interest rates as expected to curtail price pressures from the Iran war, which it described as the biggest risk to its outlook.

Nigeria’s annual inflation rate unexpectedly held steady in June, dampening predictions of an interest-rate cut when policymakers meet next week in the shadow of resumed hostilities in the Middle East.

Nigeria granted Shell Plc a production-linked tax credit for a deepwater project, an incentive that will be offered to other oil majors as Africa’s biggest producer seeks to boost production, according to people familiar with the matter.