- MTN Nigeria Slides as Investors Sell Interim Dividend
- Naira Approaches 2026 Estimated Fair Value as Rally Extends
- Airtel Africa Gains 178%, Analysts Differ on Target Price Ahead of IPO
- Money Market Rates Tighten as OMO, T-Bills Debits Drag Liquidity
- Ekiti State Gov. Oyebanji Congratulates Adeleke on Re-Election
- Botswana Inflation Declines to 9.4% in July 2026
- Tinubu Urges Nigerians in Diaspora to Invest in Domestic Economy
- Fitch Upgrades Congo’s Credit Rating, Cites Easing Refinancing Risks
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.
Abia Govt to Pay Ex-Councillors 22-Year Salary Arrears The Abia Government has announced plans to settle outstanding salary arrears owed to former Local Government Councillors who served between 1999 and 2022. Gov. Alex Otti of Abia made this known on Sunday during a meeting with members of Association of Former Elected Councillors, in Umuahia. The governor stated that payments of the arrears accumulated under previous administrations would commence before the end of the month, and will be settled in batches. He explained that when the proposal on the arrears owed former councillors was first brought to him, he was not…
Fidelity Bank Gains 8% as Investors Price in Earnings Outlook With 8% weekly price surge, Fidelity Bank Plc crossed N1 trillion in market capitalisation as investors’ sentiment improved following the successful capitalisation announcement. The stock market price of Fidelity Bank increased to N20.90 following a significant trading volume. Data from the Nigerian Exchange (NGX) tracked by MarketForces Africa Research indicated that more than 31.35 million units of Fidelity Bank shares valued at N639 million were traded in the market on Friday. The huge trading volume strengthened the bank share price movement, gaining 4.5% on the day, from N20 to N20.90.…
Chelsea Beat Hull City 4-0 to Victory In an electrifying display of football prowess, Chelsea thrashed Hull City with a 4- 0 win in the 4th Round of the Emirates FA Cup at KCOM Stadium on Friday. After a cagey start to the game on Humberside, Neto opened the scoring shortly before half-time and would go on to take home the match ball after netting twice in the second period. The match, which took place on the evening of February 13, 2026, saw Chelsea demonstrate their superiority through high possession and clinical finishing. Chelsea opened the scoring in the 40th…
Global Value of Private Assets Held in Funds Rises 15.4% The report stressed that global private equity fund asset values are driving the growth in private markets rising 17.8% in 2025 to a record $10.6 trillion at the start of this year – the highest annual growth rate since 2021. Ocorian’s Global Asset Monitor forecasts the total value of private equity assets will rise by two thirds to reach $17.4 trillion by the end of 2030. Growth of listed and private global assets Ocorian’s Global Asset Monitor, which analyses private market fund values as well as listed equities, sovereign bonds,…
South Africa’s Recovery Hampers by Repeated Global Shocks –IMF South Africa’s post-pandemic recovery has been hampered by repeated global shocks and domestic challenges, including, more recently, increased protectionism, fragmentation, and global trade policy uncertainty, the executive board of the International Monetary Fund (IMF) said following completion of Article IV consultation. The Fund said that owing to its ample natural endowments, independent institutions, and strong monetary policy framework, the economy has proven resilient thus far. According to IMF, South Africa’s economic activity picked up in 2025, with growth estimated at 1.3 percent, supported by robust private consumption. Inflation moderated to an…
During the early trading session on Wednesday, Ripple (XRP) is experiencing a downward trend in the cryptocurrency market, having fallen by 4.07% to $1.36 over the last 24 hours.
Crude Oil Prices Surge on Demand, Supply Risks Mix The trend in the global commodity market reversed on Wednesday as prices of crude oil surged again, as diplomatic talks between Washington and Tehran failed to yield desired results. Brent crude and West Texas Intermediate prices edged higher on Wednesday as persistent tensions between the US and Iran fuelled supply concerns, while expectations of increased travel-related fuel consumption in China lent additional support. International benchmark Brent crude traded at $68.81 per barrel, up 0.08% from the previous close of $68.75. US benchmark West Texas Intermediate (WTI) increased 0.1% to $64.22 per…
The U.S. Energy Information Administration (EIA) has revised up its average oil price forecast for this year, but expects oil prices in 2026 to be lower than in 2025 as global oil production exceeds demand, leading to inventory builds.
The Central Bank of Nigeria (CBN) is expected to float an open market operation, where short-term investment securities, OMO bills, will be deployed to mop up excess liquidity in the financial system.
The Nigeria Revenue Service (NRS), formerly known as the Federal Inland Revenue Service (FIRS), broke its record revenue collection performance, posting N28.3 trillion to surpass the set target of N25.2 trillion for the year 2025.