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.
Togo Seeks Increased Electricity Imports From Nigeria Togo has expressed interest in increasing electricity imports from Nigeria through the Niger Delta Power Holding Company (NDPHC) to meet rising domestic demand. The Managing Director of Niger Delta Power Holding Company, Jennifer Adighije, disclosed this in a statement on Sunday following talks with Togo’s national electricity utility. The visiting delegation from Compagnie Energie Electrique du Togo was led by its Director-General, Débo‑K’mba Barandao, to strengthen existing power supply cooperation. Barandao said C.E.E.T currently purchases about 75 megawatt-hours of electricity from NDPHC under a bilateral power supply arrangement. “The imported electricity has played…
Zcash (ZECUSD) is down 4.18% to $207.47 over the past 24h, as retail investors took quick profits after positive price appreciation in the cryptocurrency market this week.
Dogecoin fell by about 5% in the last 24 hours to $0.094259 after Elon Musk’s X money launch pitch failed to mention DOGEUSD integration.
XRP Gains as Ripple’s XRPL Upgrade Fixes Vulnerabilities XRP is up 2.00% to $1.41 in 24h, closely tracking a 2.1% rise in Bitcoin and a 1.99% gain for the total crypto market, primarily driven by a broad market uptick. The XRP Ledger released software version 3.1.2, a hot fix addressing a critical edge case that caused outages on public-facing nodes. This follows an emergency patch for a separate bug in the Batch amendment that could have allowed unauthorised fund transfers. The update requires no new amendment vote and is advised for all node operators to ensure stability. According to the…
Chainlink (LINK) price increased by 3% to $9.27 over the past 24 hours, supported by improved sentiment in the cryptocurrency market on Friday, according to trading data from exchanges.
Crypto Market Cap Climbs to $2.4trn on Regulatory Clarity The crypto market capitalisation climbed by 0.72% to reach $2.4 trillion over the past 24 hours, driven by positive political catalysts. The surge was primarily a reaction to encouraging signals from the U.S. political landscape, further amplified by selective capital investment in high-growth sectors like gaming. Social media buzz surged on March 11 after an account reported that the White House indicated President Trump had “officially ended the Biden administration’s war on crypto,” with a market bill potentially set for approval by April. This news contributed to a shift in market…
The naira gained sharply at the official window as foreign reserves topped the $50 billion mark for the first time since January 2009, according to updated Central Bank of Nigeria (CBN) data.
Bitcoin gained about 5% in 24 hours to $70,845.81 on Tuesday as co-founder Michael Saylor posted a cryptic “The Second Century Begins” with a $1.3 billion bet on BTC.
The Central Bank of Nigeria (CBN) conducted an auction for N600 billion in OMO bills on Monday as part of its strategy to reduce excess liquidity in the financial system.
Ripple (XRP) gained about 2% in a fresh rally, trading at $1.37 as investors hedged against the U.S. consumer price index. Inflation drove trading volume higher on Monday.