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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.
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.
Deposit money banks (DMBs) and foreign portfolio investors (FPIs) are actively positioning for the Central Bank of Nigeria (CBN) open market operations in the new week amid high liquidity in the financial system.
China’s Foreign Reserves Hit 10-Year High at $3.428trn China’s foreign exchange reserves totalled 3.4278 trillion U.S. dollars at the end of February 2026, the highest in 10 years, marking an increase of 28.7 billion dollars, or 0.85 per cent, from the end of January, official data showed. The State Administration of Foreign Exchange noted that the U.S. dollar index rose in February, while prices of major global financial assets moved in mixed directions, influenced by macroeconomic data, monetary policies, and market expectations across major economies. The combined effects of exchange rate conversion and changes in asset prices contributed to the…
British Pound Dips as High Gas Prices Stoke Inflation Fears British pound or Sterling slid to a three-month low of $1.33 on Monday, extending last week’s losses, dragged down by a stronger US dollar and UK political pressures. The greenback remained in demand as Middle East tensions entered its second week with no sign of easing after US President Trump demanded Tehran’s unconditional surrender. This prompted concerns over rising oil and gas prices, stoking inflation fears and causing investor expectations for a BoE rate cut this month to fall below 20%, with futures markets signaling no further rate changes for…
Ethereum (ETHUSD) price decreased 2.31% over the past 24 hours, falling to $1,936.64 on Sunday, according to trading data from crypto exchanges today.
The Nigerian Exchange (NGX) sustained its bullish momentum on Friday, closing the week on a positive note, with investors gaining N119 billion.
The average yield on Nigerian Treasury bills rose 8 basis points to settle at 17.31%, reflecting diminished investor sentiment and a less supportive climate in the secondary market.