Aliko Dangote's mega refinery in Nigeria is operating at full capacity to maximize exports of diesel and jet fuel to Europe and capture surging margins. Middle East refined-product flows to Europe have fallen sharply since the U.S.-Israel war on Iran began, creating a supply gap the plant is filling; the refinery reached full output shortly before the conflict began on Feb. 28. The run-rate underscores its earnings potential ahead of Dangote's planned Sept. 14 IPO, touted as Africa's largest equ

Bailey said the market-implied Bank Rate curve reflects investors' concerns about further rises in energy prices.

China’s Beijing Stock Exchange (BSE) has approved the first eight actively managed, open‑end thematic funds with a three‑month holding‑period mechanism, clearing the way for near‑term issuance. Managers include Huaxia, Huitianfu, E Fund, Southern Asset Management, Harvest, East Money, Fullgoal and CITIC JianTou. The products target high‑quality, innovative small‑and‑mid‑caps on the BSE. Compared with earlier two‑year periodic open thematic funds, these require only a three‑month minimum holding before investors can redeem, materially shortening investor lock‑up and increasing allocation flexibility. Industry participants say the funds expand public mutual fund access to the BSE, should prompt fund managers to boost BSE research and product allocation, and may introduce incremental and institutional medium‑to‑long‑term capital that supports market liquidity.