Money Africa’s Newsletter
Community to help you achieve financial independence
- Top in Finance
- #111
- Subscribers
- 38K
- Followers
- 41K
- Recommends
- 0
rounded by Substack
other newsletters
What they write about
Nigerian markets and personal finance. Alternates between a weekly investment research commentary covering GDP, inflation, oil production and index inclusion, and reflective essays on financial independence, pacing, and what changes after reaching a savings goal.
- nigeria
- african markets
- macro data
- oil
- financial independence
- personal finance
Recent examples: The Psychology of Delayed Success: How to Stay Focused When Growth Feels Invisible · Strongest Expansion in PMI in Four Years
Written from Money Africa’s Newsletter’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Most-mentioned tickers
Symbols named in the headline of a post from the last 30 days, most-covered first. The number is how many of those posts mentioned it.
Read from 1 post headline in the last 30 days. A newsletter that names a company only in the body of a post will not appear here, and a mention is not a recommendation — it only means the symbol came up.
Growth history
Subscribers (thousands, nightly)
38K on Sep 10, 2026 → 38K on Oct 20, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #111 today · #92 a week ago · #82 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 41 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 22%
- Best rank seen
- #77
- Rank, 7 days
- −19 places
- Rank, 30 days
- −29 places
- Followers added
- −139
- Posts
- 5
- Reactions per post
- 3
- Reactions tracked
- 57
- Tickers covered
- 1
of 525 ranked finance newsletters
on Oct 1, 2026
since tracking began
last 30 days
average, recent posts
across 20 posts
in tracked posts
Most-reacted post we have seen: Dangote Petroleum Refinery & Petrochemical (DPRP) Initial Public Offer (IPO) — 8 reactions on Sep 15, 2026.
Recent posts
- The Psychology of Delayed Success: How to Stay Focused When Growth Feels Invisible
Welcome back! Last week, as we celebrated Independence Day, we talked about financial literacy and what it really takes to be free with money. Knowing the right moves is the first step. Sticking with them long enough to see results is the harder one. That is what this week is about. You open the savings account, start the side hustle, buy your first units of an investment, or commit to a budget. Then weeks pass and nothing seems to change. The balance barely moves. Nobody notices. You start to wonder if any of it is working. If that sounds familiar, you are not failing. You are in the quiet…
- Strongest Expansion in PMI in Four Years
Green White Green Recap Macro Update Strongest Expansion in PMI in Four Years The PMI (Purchasing Managers’ Index) is a monthly survey asking business buyers whether things like orders, production and hiring went up or down. A reading above 50 means the economy is growing; below 50 means it’s shrinking. The Stanbic IBTC Purchasing Managers’ Index (PMI) rose to 56.4 in September from 54.3 in August, its highest reading since February 2022. Since any reading above 50 signals expansion, the economy is not only growing but gaining momentum. However, input prices rose at their fastest pace in…
- CBN Cuts Interest Rate by 3.5 Percentage Points in Largest Rate Cut on Record
Green White Green Recap Macro Update CBN Cuts Interest Rate by 3.5 Percentage Points in Largest Rate Cut on Record The Monetary Policy Committee cut the Monetary Policy Rate (MPR) by 350 basis points to 23% from 26.5%, the largest rate cut on record, in a decision that surprised most analysts both in direction and size. The CBN also narrowed the corridor around the MPR to +50/-300 basis points from +50/-450, reducing the rate banks earn on deposits with the CBN to 20% from 22%, and their borrowing cost to 23.5% from 27%. This effectively eases monetary conditions by 200 basis points. The CBN…
- The High Cost of Reinvention: What Nobody Tells You About Starting Over Financially
Starting over financially—building a new career, starting a new business, moving to a new city, or simply entering a new chapter after a setback—is often talked about with a lot of energy and very little honesty about the actual cost involved. The story usually jumps from “I decided to start over” to “and now things are going well,” leaving out the expensive, uncomfortable l, and often uncertain middle. Reinvention is rarely just an emotional decision; it’s a financial one, and it usually costs more and lasts longer than people expect. The Costs That Rarely Get Mentioned The income gap…
- Nigeria’s Headline Inflation Eases to 15.39% in August 2026
Green White Green Recap Macro Update Nigeria’s Headline Inflation Eases to 15.39% in August 2026 Nigeria’s headline inflation rate fell to 15.39% year-on-year in August 2026, down from 15.43% in July, the third consecutive monthly drop. This is significantly lower than the 23.14% recorded in August 2025. The more impressive figure is the collapse in month-on-month headline inflation to 0.71% from 1.57% in July, showing that the pace of price increases slowed meaningfully. The improvement this month was driven by a dramatic reversal in food prices. Food inflation month-on-month fell to 1.02%…
- The “I Deserve It” Trap: How Emotional Spending Disguises Itself as Self-Care
“I deserve this” is one of the most persuasive sentences in personal finance, mainly because it’s often true in the moment and expensive in the long run. After a hard week, a difficult meeting, or a stretch of disciplined saving, the impulse to reward yourself feels not just reasonable, but earned. The trap isn’t the reward itself; it’s how easily “I deserve this” can quietly relabel emotional spending as self-care, without ever pausing to check whether the purchase actually addresses what’s really going on. How the Trap Usually Works A stressful or emotionally draining day creates a craving…
- Dangote Petroleum Refinery & Petrochemical (DPRP) Initial Public Offer (IPO)
Dangote Petroleum Refinery & Petrochemical (DPRP) Initial Public Offer (IPO) On September 14, 2026, the Initial Public Offer (IPO) for the Dangote Petroleum Refinery and Petrochemical (DPRP) will be open for subscription. An IPO is the first time a company sells its shares to the public. With 4.1 billion shares on offer at N525 price per share , Dangote Refinery is raising N2.15tn from investors. Post-IPO, shares outstanding will rise to 124.2bn. In this brief, we consider the investment case for participating in the IPO. We explain the refinery’s operations, its financial performance, growth…
- Ambition Burnout: When the Drive to Do More Costs You Peace and Profit
Ambition is usually treated as an unqualified good in money and career conversations. It’s mostly true that the more driven you are, the further you’ll go. But ambition without limits has a cost that rarely gets discussed—the point where the drive to do more starts working against your peace and your profit. Ambition burnout doesn’t always look like collapse. Often, it looks like someone still functioning, still hitting targets, and still saying yes to every opportunity while quietly running on a kind of financial and emotional exhaustion that eventually starts making the decisions for them…
- Nigeria’s Economy Grows 4.43% in Q2 2026
Green White Green Recap Macro Update Nigeria’s Economy Grows 4.43% in Q2 2026 Nigeria’s real GDP grew 4.43% year-on-year in Q2 2026, up from 3.89% in Q1 2026 and 4.23% in Q2 2025 the strongest quarterly growth recorded since Q3 2024. Growth was broad-based. The services sector, which accounts for 56.62% of real GDP, grew 4.60%, up from 3.94% in Q2 2025. Agriculture expanded 4.39%, a significant improvement from 2.82% the previous year, though security challenges, high input costs, and infrastructure constraints continue to weigh on the sector. The oil sector grew 7.31% year-on-year, supported…
- Beyond the Dream: The Unexpected Pressures That Come with Financial Freedom
Financial freedom is sold to us as a finish line. Pay off the debt, hit the savings number, build the investment portfolio, and life becomes lighter with fewer decisions, fewer worries, and more peace. For many people who actually reach some version of that milestone, the truth is more complicated. The pressure does not disappear; it only changes shape. This isn’t a reason to stop pursuing financial freedom; rather, it’s a reason to walk into it with open eyes so that when the new pressures arrive, you can recognise them for what they are instead of mistaking them for failure. The Pressures…
- Nigeria Returns to FTSE Russell Frontier Market Index on September 21
Green White Green Recap Macro Update Nigeria Returns to FTSE Russell Frontier Market Index on September 21 FTSE Russell confirmed last week that Nigeria will return to its Frontier Market classification effective September 21, 2026. Nigeria was downgraded to “Unclassified” status in 2023 following foreign exchange liquidity shortages and capital repatriation difficulties that made it impractical for international investors to operate in the local market. The reclassification reflects the progress made since 2023, improved FX liquidity, a more stable exchange rate, and easier capital…
- August Is Not Too Late: It's Your Second Chance to Make the Year Count Financially
If the financial resolutions you set in January did not survive past February, you are not alone. More importantly, you are not out of time. Eight months into the year, there are still four full months left in 2026. That is enough time to build a meaningful new habit, grow a real investment, or finally put a proper emergency fund in place. The mistake most people make is not failing in January. It is assuming that because January’s plan fell apart, the entire year is already written off. It isn’t by a long distance. Why August Actually Works in Your Favour You know more now than you did in…
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Data: Substack public leaderboards and publication archives, refreshed nightly, plus public beehiiv sitemaps and recommendation pages, refreshed weekly. Source for this page: Money Africa’s Newsletter. Subscriber counts are Substack’s own rounded public figures, so week-on-week changes move in steps. beehiiv audience sizes are self-reported by the publisher and are not verified. Last snapshot: Oct 20, 2026.