- Nigerian OMO Bills Attract N5.7trn from Retail, Corporate Investors
- NGX Drops by N541bn as Investors Dump MTN, Zenith Bank
- Brent Slumps 17% in Sharp Weekly Pullback in Oil Market
- Pi Network Price Dips as Insider Offloads, Nears All-Time Low
- Magnificent 7 Loses $1trn in One Day – End of Tech Super Pack?
- Rand Weakens Against Dollar over US-South African Troubled Relations
- Global Markets Tumble on Tech Stocks Rout, Nasdaq, S&P 500 Fall
- XRP Loses 10% on Speculative Washout, Likely to Test $1.10
Author: 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.
The Central Bank of Nigeria (CBN) floated N1.5 trillion in OMO bills for retail and corporate investors
Trading near an all-time low, Pi Network price dropped 0.78% to $0.0748, a modest drop amid a broader market sell-off
NVDAB Plunges as AI Regulatory Fears Drive Nvidia Stock Selloff NVIDIA Tokenised bStocks (NVDAB) price slumped 6.32% to $185.19 in 24h, closely tracking a sharp selloff in its underlying stock and the broader crypto market. The move is primarily driven by a Wall Street tech rout fueled by political fears over AI infrastructure. The price reflected a selloff in Nvidia stock amid AI regulatory fears after Democrats won the midterms, raising concerns about data-centre construction and costs. The drop mirrors a 9.25% plunge in Nvidia’s stock price on November 5, putting the semiconductor company’s market value at $4.4 trillion. The…
Oil prices dropped as markets and investors expect that the losses faced by US President Donald Trump’s Republican Party
Dangote Cement Plc lost over N2.514 trillion on Thursday as post-earnings buying momentum stalled, and its share price fell 10% on the Nigerian Exchange (NGX).
The naira depreciated against the US dollar at the Nigerian foreign exchange market amidst rising demand
The Federal High Court in Abuja has set Dec. 8 for judgment in a N10 billion rights suit filed by former Kaduna State Governor Nasir El-Rufai against the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
Naira Dips Near N1,348 on FX Demand, Supply Imbalance The naira dipped near N1,348 against the US dollar due to an imbalance in foreign currency supply and demand for international payments. The Nigerian Foreign Exchange Market (NFEM) saw a slowdown in financial institutions’ activity, with FX turnover and deal counts declining. Data released by the Central Bank of Nigeria (CBN) revealed that the spot exchange rate weakened to N1345.7983 per US dollar for foreign payments from N1346.93.48 the previous day. International payment transactions were consummated between N1346 and N1349.5000 per greenback, a tail-end shift in the absence of CBN FX…
Interest rates on Nigerian Treasury bills (NTBs) declined across standard tenors as the Debt Management
SK Hynix Tokenised Stock Dips 4% as Asian Tech Shares Fall SK Hynix tokenised stock (Backpack) price is down 3.56% to $147.57 on Wednesday underperforming a mixed market, primarily driven by weakness in the underlying equity amid broader tech-sector pressures. Underlying equity sell-off, as Asian tech shares fell on early U.S. midterm election results and persistent concerns over memory-chip pricing pressures. The tokenised SKHY tracks the value of SK Hynix’s American Depositary Receipt (ADR). Early U.S. midterm results pointing to a Democratic advantage sparked a sell-off in Asian tech shares, with South Korea’s KOSPI index and chip stocks weakening. Concurrently,…