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 average yield on Nigerian Treasury bills (NTB) dipped to 18.18% amidst subdued trading activities in the secondary market
Gaddafi’s Son Saif al-Islam Assassinated in Libya Saif al-Islam Gaddafi, the son of former Libyan leader Muammar Gaddafi, was killed in an apparent assassination at his home in Zintan, Libya. He was 53 years old. According to reports, four masked assailants stormed his residence, disabled security cameras, and fatally shot him. The attack was described as “treacherous and cowardly” by his political advisor, Abdullah Othman . Saif al-Islam Gaddafi was once seen as the heir apparent to his father’s regime, which ruled Libya from 1969 until Muammar Gaddafi’s overthrow and death in 2011. He played a significant role in the…
Naira Gains N17.45 as FX Inflow, Foreign Reserves Climb The naira gained N17.45 on each foreign payment at the official window as a result of sufficient FX inflows available at the supply side amidst broader pressures on the US dollar. The spot rate at the Nigerian Foreign Exchange Market (NFEM) strengthened by 125bps or ₦17.45 against the U.S Dollar, according to the Central Bank’s daily FX update released on Tuesday. The appreciation was driven by inflows from Foreign Portfolio Investors (FPIs) and local participants, AIICO Capital Limited said. The local currency traded within the ₦1,360.00/$ and ₦1,387.00/$ band during the…
Bank of America Declares Q1 2026 Stock Dividends Bank of America Corporation today announced the Board of Directors declared a regular quarterly cash dividend on Bank of America common stock of $0.28 per share, payable on March 27, 2026, to shareholders of record as of March 6, 2026. The Board also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B. The dividend is payable on April 24, 2026, to shareholders of record as of April 10, 2026. Stanbic IBTC Grows Profit by 69% as Impairment Charges Ease
CBN Sets for N1.15trn Nigerian Treasury Bills Sales The Central Bank of Nigeria (CBN) is set to conduct its first Treasury Bills (T-Bills) auction for the month on February 4, 2026. The total offer size is ₦1.15 trillion, split across three maturities. The auction, which is expected to be conducted by the Debt Management Office (DMO) on behalf of the monetary authority, is anticipated to be oversubscribed due to healthy liquidity levels in the financial system. At the auction, Nigerian Treasury bills with 91 days maturity worth N150 billion will be offered for subscription. Also, the CBN would open 182-day…
Tinubu’s Reforms Now Global Reference Point — World Bank The World Bank has commended President Bola Tinubu’s reform drive, describing Nigeria as a frequent global reference point for reform implementation and results. The bank’s Managing Director of Operations, Ms Anna Bjerde, said this on Tuesday while leading its Group delegation to the president at the State House, Abuja. Bjerde said Nigeria’s reform outcomes over the last two years were commendable and widely discussed among global leaders, policymakers and investors. She said, “Nigeria is a frequent example in my discussions around the world because the results achieved in two years are…