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Renaissance Capital Raises Dangote Refinery Valuation to ₦700 a Share

19 October 2026 at 18:29
Investment bank Renaissance Capital raised its valuation of Nigeria's Dangote Refinery by 33.4% to ₦700 per share, citing strong earnings over the first nine months of 2026. The upward revision, issued in a statement on Sunday, signals growing investor confidence in Africa's largest oil refinery as it ramps up production.

Oracle default-insurance costs surge on investor doubts over AI debt

19 October 2026 at 18:28
Investors are paying sharply more to insure against an Oracle bond default, a sign of growing unease over the debt the company has taken on to fund artificial-intelligence data centers. Several Wall Street analysts say credit markets, not stock prices, are becoming the clearest stress gauge for the AI buildout.

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