Test your market instincts before the bell rings:

Dangote Petroleum Refinery just pushed back the closing date of its public share sale. By how many weeks was the offer extended?

(Scroll to the bottom for the answer and context)

On the global front, an energy ceasefire has been announced in the Russia -Ukraine war. What does the ceasefire entail? No one really knows, but in theory, both sides are supposed to halt any attacks on energy installations, like refineries and depots.

Recent attacks on such facilities have escalated the price of diesel fuel globally since Russia is a leading supplier of diesel worldwide.

Will this deal hold? Well, initial word from Ukraine is that it has already failed, since Russian strikes continue.

We will continue to monitor this story.

We love this story. A young Nigerian developer, Shalom Rayhamen, unveiled her new creation - Lagos Life, a video game that allows users to explore a digital Lagos. Peeps can participate in everyday activities, such as going to work, entering danfor, getting street food, and anything else that you might actually do in real life.

Since it launched on Oct 1, the game went viral and attracted more tha 4 million users, with 200k peak users concurrently.

The best part is that her company - Vatar - has raised $500,000 and is valued at around 10ms. The investors include Flutterwave CEO Olugbenga “GB” Agboola

The Chop take: It’s cool to see a young woman developer get so much love and also how Lagos culture is featured front and center. Bravo.

There is a lot of money out there for hungry, innovative African companies, and a recent competition: From 700+ applications, six winners were picked on Oct 6 across fintech for inclusion and sustainable agriculture.

Kenya's VunaPay and Kumbatia Seafood took $100k each, joined by nesti, eAgro, ChatCash, and Pollen Patrollers.

Early money going to real problems — ag payments, rent credit scores, WhatsApp storefronts. Love to see it.

Plot twist: the naira gained 5% while African currencies slid 1.2% — Ghanamma / UNCTAD UNCTAD's 2026 report says Africa was the only developing region whose currencies weakened overall this year (-1.2% against the dollar) — but the naira went the other way, from about N1,400 in January to N1,330 in early October. Oil earnings and CBN liquidity helped cushion it. We'll see how long the momentum holds.

Mastercard says Africa's cyberattacks are up 421% — TechMoran Not the fun headline, but an important one. Mastercard's new whitepaper says Africa saw a 421% jump in cyberattacks between 2016 and 2025, with 69k events recorded in 2025 alone. As digital payments head toward $1.5T by 2030, they're flagging a massive cybersecurity jobs gap. Growth is great — defense has to catch up.

World Bank targets $5.79B in private cash for Nigeria's ag & MSMEs — AgriFocus Africa Big numbers here. The World Bank Group wants to mobilize $5.79B for Nigeria, with its AGROW project aiming to reach 1 million smallholder farmers — better seeds, fertilizer systems, digital platforms, market access. If it lands, that's jobs and food security in one move.

Hungry for more? If this newsletter was forwarded to you, hit that subscribe button to get the Daily Chop in your inbox every week!