- Nigerian Exchange Heads South, Equities Investors Lose N613bn
- XRP at Tired Trend, Buyers and Sellers Out of Actions
- NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation
- Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz
- Crude Oil Prices Drop as Demand, Supply Concerns Ease
- European, US Markets Diverge as Inflation Data Shapes Rate Expectations
- SEC Sets 5 p.m. T+1 Settlement Deadline
- XRP Struggles as Exploit Overhang Keeps Price Far from Target
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.
NAICOM Confirms 7 Additional Insurance Companies for Recapitalisation The National Insurance Commission (NAICOM) says seven additional insurance companies have been verified for the minimum capital requirements under the Nigerian Insurance Industry Reform Act (NIIRA 2025). The management of NAICOM said this in a statement issued on Thursday in Abuja. The licence number, name of insurer, and category are LIC 042 emPLE General Insurance Limited Non-Life, LIC 043 emPLE Life Assurance Limited Life, LIC 044 Sovereign Trust Insurance Plc Non-Life. Others are LIC 045 Tangerine Life Insurance Limited, LIC 046 Alliance & General Insurance Plc Non-Life LIC 047 Guinea Insurance Plc…
Iran: No Progress on Deal with U.S. to Reopen Strait of Hormuz Iran says efforts to revive its interim peace deal with the United States have stalled, leaving the Strait of Hormuz, the world’s most critical oil chokepoint, effectively blocked and crude prices exposed to fresh volatility. A senior Iranian source told Reuters on Tuesday there had been no progress on talks to revive the memorandum of understanding reached in June and define a timeframe to implement its commitments, leaving Tehran and Washington at loggerheads over a permanent end to the Gulf war. The comments came after renewed attacks on…
The European and US equity markets diverged as a softer-than-expected consumer price index print shaped investors’ sentiment across the global indices.
SEC Sets 5 p.m. T+1 Settlement Deadline The Securities and Exchange Commission (SEC) has fixed 5:00 p.m. on the first business day after trading as the settlement deadline for eligible equities and commodities. The Commission confirmed the directive in a circular issued on Wednesday to capital market operators and other market participants nationwide. SEC said the measure formed part of the implementation of the T+1 settlement cycle in Nigeria’s capital market. Under the T+1 framework, eligible securities transactions are settled one business day after the trade date, shortening the settlement period. According to the Commission, all affected transactions must be…
Interbank rates remained steady despite a slight moderation in the banking system’s liquidity balance, reflecting the absence of significant pressure in the money market.
WHO Warns DRC Ebola Outbreak Could Surpass 2014–2016 West African Epidemic The Director-General of the World Health Organization (WHO), Dr Tedros Ghebreyesus, says the Ebola outbreak in the Democratic Republic of the Congo is already the second-largest on record. Ghebreyesus said this on Wednesday during an online media conference on Ebola and global health issues. He warned that the outbreak was moving faster than any previous Ebola epidemic and could surpass the 2014–2016 West African outbreak. The WHO chief disclosed that 4,449 confirmed cases and 2,061 deaths have been reported across five provinces and 53 health zones. He said that…
BUA Foods and Unilever Nigeria Plc are among the decliners that dragged the Nigerian Exchang
Africa Finance Corporation (AFC) today announced that it has successfully raised CHF 350 million through a 5-year Digital Bond.
Oil prices surged on Wednesday as renewed supply concerns in Libya and uncertaint…
In pre-earnings bets, Fidelity Bank Plc climbed by about 2% in the Nigerian stock market…