Akintunde Oyedokun
Research Analyst
Brent crude fell 5.2% to $93.27 per barrel on Monday, while WTI dropped 4.5% to $86.71, as hopes of reduced US-Iran tensions and concerns over global oversupply weighed on prices. Attacks on vessels near the Strait of Hormuz, however, continued to pose risks to global oil supply.
China’s Factory Inflation Rises As Consumer Prices Ease
China’s producer inflation accelerated to 5.7% in October, its highest since June 2022, while consumer inflation slowed to 0.7%, reflecting weak domestic demand. Rising energy costs contributed to higher factory prices, highlighting growing cost pressures across the manufacturing sector. The divergence points to persistent weakness in household spending despite rising production costs.
Mexico’s Inflation Rises To 3.75% In October, Exceeding Forecasts
Mexico’s annual inflation rate climbed for a third consecutive month to 3.75% in October, up from 3.45% in September and above analysts’ forecast of 3.65%. The increase reinforces expectations that the central bank will maintain a cautious approach to further interest rate cuts.
Alcazar Energy Secures $436mFor Egyptian Wind Projects
Alcazar Energy Partners has secured $436 million in financing to develop two 250MW wind farms along Egypt’s Red Sea coast. The projects, expected to begin operations by 2028, will support Egypt’s drive to expand renewable energy and reduce reliance on natural gas.
Nigeria’s Net FX Inflows Surge 871% In Four Years
Nigeria’s net foreign exchange inflows rose from $950 million in 2022 to $9.22 billion in January 2026, an 871% increase, driven by stronger investor inflows and improved dollar supply. However, reliance on short-term foreign investments remains a potential risk to FX stability
