- 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.
Investors continue to increased bet on Nigeria’s Treasury bills with inflation-protected yields on the naira assets, trading details obtained from the secondary market confirmed. Due to sustained bargain hunting, the average yields on the local treasury bills declined by 8 basis points to 17.55%, staying ahead of the annual inflation rate. With mixed expectations about the consumer price index (CPI), the market anticipates sustained spot rates repricing amidst hefty financial system liquidity and anticipated interest rates cut at the policy committee meeting later in February. Stylishly, spot rates on investment securities are adjusting to macroeconomic outlook, inflation, and monetary policy…
$79.5bn Economic Loss: Court Shifts Ruling on Binance Motion The Federal High Court in Abuja, on Monday, rescheduled ruling on a motion filed by Binance Holdings Limited, seeking to void the substituted service of court documents served on it by the Federal Inland Revenue Service (FIRS), to April 21. The development followed the absence of Justice Mohammed Umar in court. Although lawyers to the parties were in court, Justice Umar was said to be in another official engagement, hence, the case was adjourned. FIRS (now known as Nigeria Revenue Service) had, in the suit dragged Binance, Tigran Gambaryan and Nadeem…
BNB slides 2.15% to $629.97 in 24h, slightly outperforming a broader market sell-off, primarily driven by correlation with Bitcoin’s decline in a risk-off environment.
CBN Signals Preference for Naira Stability, Purchases $72m The Central Bank of Nigeria (CBN) aims at stabilizing the naira exchange rate at the official currency market and removing speculative tendencies across the market. The authority has ramped up $72 million from the currency market last week, following a fast and furious naira appreciation in recent times, deviating from usual FX sales interventions. The Naira recorded a broad-based appreciation against the US Dollar across both official and parallel markets during the review period. At the official window, the currency strengthened by 1.47% week-on-week, closing at N1,366.20/US$, compared with N1,386.55/US$ in the…
Money market rates fell as deposit money banks (DMBs) stepped up cash lodgment at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window, enhancing financial system liquidity.
Equities investors in the Nigerian stock market saw an increase of N4.08 trillion, approximately $3 billion, during a weekly surge driven by RTBRISCOE and Zichis, both of which experienced price gains exceeding 60%.
Burkina Faso’s Economic Resilience Amid Challenges Commendable -IMF Burkina Faso continues to drive economic resilience amid security and humanitarian challenges, a development that the International Monetary Fund (IMF) commends following a recent official visit. The country thrives with sound economic policies, and a rapid increase in exports has contributed to growth, helping to keep public debt on a sustainable path, while keeping inflation under control. Mr. Kenji Okamura, Deputy Managing Director of the International Monetary Fund (IMF), issued the following statement today in Ouagadougou at the end of his visit to Burkina Faso: “I am delighted to have visited Burkina…
Ripple (XRPUSD) is down 4.52% to $1.40 over 24 hours, significantly underperforming Bitcoin, which is slightly positive, primarily due to a lack of buying support.
British Pound Struggles over Dovish BoE, Political Uncertainty British pound (GBPUSD) edged back toward $1.36 at the end of a volatile week that nonetheless put sterling on track for its sharpest weekly decline against the dollar since late October. GBP depreciation was driven by a mix of political turbulence and a more dovish-than-expected message from the Bank of England. A combination of a dovish hold by the Bank of England (BoE) and new knocks on Prime Minister Starmer saw sterling tumble more than a cent for the first time in three months. GBPUSD lost the most to the euro since…
Investors are taking a step back as the crypto market cap crashed to $2.2 trillion on Friday