Nigeria’s opposition fractures, SSA inflation and El Niño

The fracturing of Nigeria’s opposition has improved President Tinubu’s re-election chances. While Tinubu has helped to improve macroeconomic stability, whoever wins the election will need to tend to issues like insecurity and infrastructure gaps in order to improve Nigeria’s long-term prospects. Elsewhere, Mozambique became the latest country on the continent to hike fuel prices. Alongside the prospect of adverse weather conditions due to El Nino, inflation risks are skewed firmly to the upside