Author: Olu Anisere
Olu Anisere
Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.
NEAR Protocol (NEARUSD) gained 8.25% to $2.12 over the last 24 trading hours, significantly outperforming a declining broader market, primarily driven by excitement over a major network upgrade.
BTCUSD- Bitcoin Dips Below $76k on Institutional Selloffs Bitcoin (BTC) price declined 2.22% to $75,893, underperforming a broadly weak crypto market, primarily driven by sustained institutional selling via spot Exchange-Traded Funds (ETFs). Persistent outflows from U.S. spot Bitcoin ETFs, led by BlackRock’s IBIT, which saw over $1.15 billion leave in four days, directly increased sell-side pressure. U.S. spot Bitcoin ETFs are now seeing five consecutive days of net outflows, totalling nearly $1.63 billion. BlackRock’s IBIT alone accounted for over $1.15 billion of that selling. This represents direct institutional distribution into the market. Bitcoin’s price broke below a key ascending trendline…
The South African rand (ZARUSD) rose to R16.4 per US dollar on Friday, hovering near its highest level since mid-May. The local unit saw a last-minute rally after a sharp fluctuation against crosses this week.
Naira Drops to N1,375/$ as Interbank FX Turnover Crashes Increased demand for the US dollar in the Nigerian foreign exchange market (NFEM) knocked the naira down to N1,375 on Friday, according to a daily FX publication released by the Central Bank. The naira declined by 0.23% to N1,375.46 per US dollar at the NFEM window, down from N1,372.3079 per dollar the previous day, as foreign currency demand eclipsed supply. Exporters, foreign portfolio investors and non-bank corporate inflows, in addition to inflows from other sources, including eligible individuals, cut the demand at the bottom this week. During today’s trading session, the…
Goldman Sachs has completed its exit from positions in XRP and Solana exchange-traded funds (ETFs), according to its Q1 2026 13F filing with the U.S. Securities and Exchange Commission.
A total of 464 in the S&P 500 that have declared their earnings for the first quarter of 2026 surpassed expectations, South African Oldest Bank, First National Bank (FNB) said in a brief on Friday.
Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook Fitch Ratings has affirmed Bank of America Corporation’s (BAC) Long- and Short-Term Issuer Default Rating (IDRs) at ‘AA-‘ and ‘F1+’, respectively. In addition, Fitch has affirmed Bank of America, N.A.’s (BANA) Long- and Short-Term IDRs at ‘AA’ and ‘F1+’, respectively. The rating outlook on the Long-Term IDRs is Stable, according to Fitch. BAC’s intrinsic creditworthiness, as expressed by its Viability Rating (VR) of ‘aa-‘, drives its IDRs. Fitch said the VR reflects BAC’s leading franchise in many of its core businesses, its diversified business mix and consistent strategy, which ratings…
Oil prices increased on Friday despite optimism over US-Iran talks, suggesting tensions in the region could ease, while markets continued to price in the risk of renewed escalation in the conflict.
Global equities markets closed mostly higher as renewed hopes for a United States-Iran agreement boosted sentiment and eased pressures on oil prices.
The Nigerian overnight financing rate (NOFR) was steadied at 22% amid fluctuations in banking system liquidity, market analysts said in a separate report.