🏛 Central Banks & Macro risk-on · 3–10 years
A what‑if from the future

What if Nigeria refining hub reshapes West African fuel trade?

Dangote plus new modular refineries turn Nigeria into West Africa's fuel-supply hub, cutting regional import bills and strengthening the naira structurally.

49%
our model probability
over 3–10 years
prediction markets — wisdom of the crowd
loading live odds…
Empirically anchored 49% · 90% range 28–70% · 17 analogues · measured class deflation 98% in 10 yr · 3% held back for the unknown
how we built this number — every step
Measured class rate — deflation ≈0.3895/yr → 98% in 10 yr98%
Analyst prior · editorial share 53% of the class52%
Pooled · weight 74%50%
Crowd — no liquid market
Reserve 3% · no extremizing (×1.0)50%
Published49%

The class rate is measured from our dated, sourced event library (decade-normalized Poisson — the full table is public at base_rates.json). The variant’s share within its class is the analyst’s editorial call, published so you can audit it. A wider range means thinner precedent. Full recipe: methodology · scored at Reality Check.

The butterfly cascade

How this trigger trickles across markets, left → right — the root shock, its first‑order moves, then the ripple effects. Drag any node; tap a market for its real price history.

Resolution timeline — how this probability is moving

Our model's odds (gold) over time vs the crowd's (Polymarket, blue), from the past toward the 3–10 years horizon. Each dot is a real macro event that nudged the probability — green pushed it up, red pushed it down. Tap a dot for the source. The gold path is an illustrative reconstruction anchored to today's estimate — real dated events, not a live re-estimate history.

loading the timeline…

What it would mean

If this plays out, it is a risk-on shock. Dangote plus new modular refineries turn Nigeria into West Africa's fuel-supply hub, cutting regional import bills and strengthening the naira structurally. The trigger decomposes into signed root‑shocks — EM currencies ▲ · Gasoline ▼ · Global growth ▲ · Risk appetite ▲ — which propagate through our causal graph to the markets below.

If it happens — the markets it would move

Biggest moves first. Projected moves are cascade-model priors; hist A–B% = what comparable past events actually did (measured abnormal returns), and model prior · unmeasured marks markets with no analogue backing yet. Tap any market for its price history.

MarketClassProjected move
1Turkish lira TRY 📈 chartFX▲ +0.7%
hist +0.17–+0.67% · other way -4.28% (n=9)
2Solana SOLon Hyperliquid 📈 chartCrypto▲ +0.6%
hist -4.84–+7.47% · other way -3.48% (n=8)
3Indian rupee INR 📈 chartFX▲ +0.6%
hist +0.14–+0.59% · other way +0.38% (n=9)
4MicroStrategy MSTRon Hyperliquid 📈 chartEquity▲ +0.5%
hist -7.27–+12.68% · other way -2.13% (n=9)
5Hyperliquid (HYPE) HYPEon HyperliquidCrypto▲ +0.5%
model prior · unmeasured
6Ether ETHon Hyperliquid 📈 chartCrypto▲ +0.4%
hist -1.54–+2.74% · other way +3.05% (n=8)
7Nasdaq 100 NDXon Hyperliquid 📈 chartIndex▲ +0.4%
hist +0.01–+0.5% · other way +0.36% (n=9)
8Chinese yuan CNY 📈 chartFX▲ +0.3%
hist +0.03–+0.33% · other way -0.93% (n=9)
9Volatility (VIX) VIXon Hyperliquid 📈 chartVol▼ -0.3%
hist -5.4–+2.26% · other way -1.34% (n=9)
10Bitcoin BTCon Hyperliquid 📈 chartCrypto▲ +0.3%
hist -4.06–+5.05% · other way +3.51% (n=8)
11Semiconductors SMHon Hyperliquid 📈 chartEquity▲ +0.3%
hist +-0.0–+0.39% · other way -1.6% (n=9)
12Tech sector XLK 📈 chartEquity▲ +0.2%
hist +0.03–+0.22% · other way +0.18% (n=9)
13Nvidia NVDAon Hyperliquid 📈 chartEquity▲ +0.2%
hist -4.27–+2.79% · other way -1.81% (n=9)
14S&P 500 SPXon Hyperliquid 📈 chartIndex▲ +0.1%
hist +0.02–+0.16% · other way -1.16% (n=12)

Probable recommendation

If the scenario above plays out, the probable cross‑asset positioning → a scenario‑conditional read, not personalized investment advice
For a common-man portfolio: A typical stock-heavy portfolio should benefit. Stay invested; you can lean modestly into the beneficiaries below.
Also moves (not yet on Hyperliquid): Turkish lira +0.7% · Indian rupee +0.6% · Chinese yuan +0.3% · Tech sector +0.2%

Historical precedent — what analogous events actually did

Across 17 analogous events (overlap‑weighted), as abnormal returns — market beta stripped, so it's the event's own effect, not the market backdrop. Shown at 20 days (persistent) and 5 days (immediate); ↺ fades = the two horizons disagree. Confidence = consistency × sample × significance.

Henry Hub natural gas hits a 25-year low amid record US production 2024-11 Waha hub natural gas prices crash to record negative on Permian glut 2024-08 Platinum hits an 11-year high on Chinese jewelry demand and deficit 2025-06 Palladium jumps after US pushes G7 sanctions on Russian metal 2024-10 Niger coup d'etat 2023-07 PJM grid emergency during Winter Storm Elliott 2022-12 European TTF gas hits all-time record high 2022-08 Texas grid failure during Winter Storm Uri 2021-02 Norilsk Nickel Arctic diesel spill 2020-05 Silver hits 30-year high as JPMorgan and HSBC face manipulation suits 2010-10 Henry Hub natural gas spot price peaks during 2008 commodity boom 2008-07 Platinum hits all-time record near $2,290 on South African power crisis 2008-03 South Africa Eskom power emergency spikes platinum/PGMs 2008-01 Amaranth Advisors natural-gas blowup 2006-09 Northeast blackout cascading grid failure hits ~55 million 2003-08 Soviet August coup attempt against Gorbachev 1991-08 Volcker Saturday Night Special 1979-10
AssetHistory saysAbnormal (20d · 5d)HitnConfidencevs cascade
COIN COINLONG+26.2% · 5d +7.5%69%7 0.33✓ matches cascade
NDX NDXLONG+0.3% · 5d -0.7% ↺ fades68%16 0.25✓ matches cascade
High-yield credit HYGSHORT-0.4% · 5d +0.1% ↺ fades68%13 0.24·
US dollar DXYLONG+0.6% · 5d -0.2% ↺ fades64%17 0.23·
SOL SOLLONG+7.4% · 5d -9.5% ↺ fades65%9 0.21✓ matches cascade
ETH ETHLONG+2.5% · 5d -4.2% ↺ fades65%9 0.21✓ matches cascade
Volatility VIXSHORT-5.0% · 5d -3.4%65%16 0.21✓ matches cascade
AMD AMDSHORT-3.0% · 5d -2.4%62%16 0.21⚠ differs
SPX SPXLONG+0.1% · 5d -0.3% ↺ fades61%17 0.18✓ matches cascade
SMH SMHLONG+0.2% · 5d -0.3% ↺ fades59%15 0.16✓ matches cascade
AVGO AVGOSHORT-1.0% · 5d -1.7%59%10 0.16⚠ differs
MSTR MSTRLONG+12.6% · 5d -4.0% ↺ fades56%15 0.12✓ matches cascade
NVDA NVDASHORT-4.5% · 5d -7.3%56%15 0.10⚠ differs
INR INRLONG+0.2% · 5d +0.4%57%14 0.09✓ matches cascade

Methodology. Probability and impact are anchored to history and scored against what actually happens — wins and losses, in public, at Reality Check. Crowd odds live from Polymarket & Kalshi. By Vikas Singh, Quantitative Strategist. Updated 2026-07-03.