- Equities Investors Gain N3.2rn as Royal Exchange, Champion Rally
- IRGC Says US Blockade on Iran Could Backfire Economically
- Bitcoin Rises as Russia’s Rule Allows Retail Investors to Buy
- XRP Ticks Up on Regulatory Clarity, Robust ETF Inflows
- Zcash Gains 19% in 24hrs as Capital Flows to Grayscale Zcash Trust
- Moody’s Ratings Changes Seplat Energy’s Outlook to Positive
- Fitch Affirms Qatar at ‘AA’ with Negative Outlook
- Zcash Tops $1,000 as Investors Rotate into Privacy Coins
Author: Ogooluwa Aremu
Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.
Alibaba Tokenized bStocks (BABAB) price dipped by 1.91% in 24 hours to $116.18 on Friday
NICA Urges World Bank, IMF, AfDB to Make Africa Credit Ready The National Institute of Credit Administration (NICA) has urged the World Bank, International Monetary Fund (IMF) and African Development Bank (AfDB) to deepen the credit economy in Africa. Prof. Chris Onalo, Registrar and Chief Executive Officer of NICA, made the call in a statement on Friday. Onalo, popularly known as “Mr Credit”, urged global financial institutions to support the development of credit management infrastructure across the continent. He said Africa could not achieve inclusive growth if its nations and citizens remained outside the formal credit system. According to him,…
Oil prices edged lower Thursday as a sharp rise in US crude inventories and higher global…
NNPC GCEO Urges Global Collaboration to Unlock Africa’s Energy Potential The Group Chief Executive Officer of NNPC Ltd., Bashir Ojulari, has called for stronger global and continental partnerships to unlock Africa’s vast energy resources and drive sustainable economic growth. Ojulari made the call on Tuesday while delivering the keynote address at the opening of the 2026 Nigerian Oil and Gas (NOG) Energy Week in Abuja. Speaking on the theme, “Forging Africa’s Strategic Energy Growth Through Global Collaboration,” the NNPC boss said Africa’s greatest challenge was not a lack of hydrocarbon resources or talent, but the fragmentation of the institutions needed…
Equities investors in the Nigerian Exchange (NGX) lost N2.18 trillion on Thursday due to profit-taking
The Central Bank of Nigeria (CBN) has directed banks, fintech firms, and other payment service provider
The global markets open the new week in red following a soft Wall Street close, reflecting uncertainties in the global economy with a negative inflation outlook.
NPA Records Increased Cargo, Vessel Traffic in Q1 The Managing Director of the Nigerian Ports Authority, Abubakar Dantsoho, says the maritime sector recorded strong growth in the first quarter of 2026, driven by increased cargo throughput, larger vessel traffic and ongoing port reforms. Dantsoho disclosed this in a statement issued on Sunday in Lagos by the NPA General Manager, Corporate Communications and Strategy, Mr Ikechukwu Onyemekara. He said ocean-going vessel Gross Registered Tonnage (GRT) rose by 19.5 per cent to 46.75 million in first quarter 2026, reflecting improved cargo efficiency and growing confidence by international shipping lines in Nigerian ports.…
Former President Goodluck Jonathan has challenged a lawsuit seeking to bar him from the 2027 presidential election, filed by a lawyer, Johnmary Jideobi.
CBN Foreign Subsidiary Rule Sparks N1.92trn Loss on NGX The stock market on Thursday closed on a negative note as investors lost N1.92 trillion, following sell-offs in banking and cement stocks. This is amid reactions to new regulatory guidelines by the Central Bank of Nigeria (CBN) on foreign subsidiaries of banks. Market capitalisation dropped from N155.780 trillion to N153.858 trillion, recording a decline of N1.23 per cent or N1.922 trillion. The All-Share Index (ASI) also fell by 1.23 per cent or 2,994.90 points to close at 239,734.61 from 242,729.51 recorded previously. The Year-to-Date (YTD) return moderated to 54.82 per cent.…