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Edition of Monday, 2 November 2026English edition
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The Geopolitician

Country risk, from the local press

Nigeria · Country watch

SSANU Strike Begins, Eurobond Yields Rise

A warning strike at Sokoto State University disrupts operations, while Nigeria's Eurobond yields increase, reflecting economic pressures.

· · 8 articles read

The picture Deteriorating How this is judged →

Business conditions in Nigeria are deteriorating due to a warning strike at Sokoto State University and rising Eurobond yields, indicating economic pressure. Exporters face increased costs at Tin Can port, affecting trade competitiveness.

Flare-up watch: Calm (0.2) · How this is judged → · All Nigeria briefings →

In this briefing Sokoto State University · Senior Staff Association of Nigerian Universities · Eurobond · Nigeria · Tin Can Island Port · Association of Container Truck Owners of Nigeria

Disruption

  • Public sector

SSANU starts warning strike at Sokoto State University

people in front of brown building during daytime
Olu Famule / Unsplash

The Senior Staff Association of Nigerian Universities (SSANU) at Sokoto State University has commenced a five-day warning strike over unpaid entitlements, according to Vanguard Nigeria. The union has threatened an indefinite shutdown if the Sokoto State Government fails to address their demands. The industrial action began on November 2, following the expiration of previous negotiations. This strike affects administrative and support services at the university, impacting academic activities and operations.

Impact University administrators and students face disruptions as the strike affects academic and administrative operations.

Sources: Vanguard Nigeria ↗, Daily Post Nigeria ↗

Markets

  • Finance

Nigeria’s Eurobond yields rise to 8.48%

Nigeria's Eurobond yields have increased, with the 2046 bond reaching 8.48%, according to P.M. News Nigeria. The November 2027 Eurobond recorded a yield of 5.392%, the lowest among the 15 instruments listed, followed by the September 2028 bond at 5.916% and the March 2029 bond at 6.227%. The rise in yields indicates growing investor concerns over Nigeria's economic stability and fiscal policies.

Impact Investors in Nigerian Eurobonds face higher yields, reflecting increased risk perceptions and economic pressures.

Sources: P.M. News Nigeria ↗

Trade

  • Logistics

Export truckers report N50,000 charges at Tin Can port

Truck owners operating around the Tin Can Island Port in Lagos have raised concerns about alleged multiple charges amounting to N50,000 per container, according to Vanguard Nigeria. The Association of Container Truck Owners of Nigeria (ACTOAN) claims these charges undermine efforts to promote non-oil exports. The fees are seen as a significant burden on exporters, potentially affecting the competitiveness of Nigerian goods in international markets.

Impact Exporters using Tin Can Island Port face increased costs, affecting the competitiveness of non-oil exports.

Sources: Vanguard Nigeria ↗

Nothing significant reported today in Regulation · Internal tension · Safety & health · Companies · Politics.

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