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.
U.S. War in Iran Cost $25bn so Far, Says Pentagon Official The United States’ war in Iran has cost 25 billion dollars so far, a senior Pentagon official said, providing the first official estimate of the military’s price tag for the conflict. Jules Hurst, who is performing the duties of the comptroller, told lawmakers on the House Armed Services Committee that most of that money was for munitions. Hurst did not detail what that cost estimate included or whether it accounted for the projected costs of rebuilding and repairing base infrastructure in the Middle East damaged in the conflict. Rep.…
MTN Hits All-Time High as Buyers Price in Earnings Beat MTN Nigeria’s share price is gaining traction in the stock market as buyers step up to price in the telecom company’s Q1 earnings beat. Share price rose N20 to N890 during the early trading session on Thursday in reaction to the recent unaudited financial statement for the first quarter of 2026. The telecom giant delivered exceptional financial performance in the first quarter ended March 31, 2026, posting its strongest quarterly earnings on record and significantly surpassing the already impressive Q1 2025 results. Total revenue grew by 41.62% year-on-year to ₦1.498…
Egbin Halts Operations After Fatal Underwater Maintenance Incident Egbin Power Plc has shut down operations following a fatal industrial accident involving a contractor during an underwater maintenance exercise. The incident, which occurred on Tuesday, led to the shutdown of the plant, a major contributor to the national grid’s electricity supply. Confirming the development to the News Agency of Nigeria on Thursday, the company’s Head of Corporate Affairs, Mr Felix Ofulue, expressed condolences to the family of the deceased. “Immediately following the incident, established emergency response, safety, and reporting protocols were activated, and the relevant authorities were promptly notified,” he said.…
Yield on Nigerian Treasury Bills Declines to 17.5% The average yield on Nigerian treasury bills declined to about 17.5% in the secondary market on Wednesday due to increased demand for naira assets. The bullish sentiment led to yield contractions across the board, notably in the 05-NOV (-20bps) and 22-APR (-25bps) papers. Accordingly, the average yield compressed by 2bps to 17.47%. Trading activity remains subdued across most maturities, as investors have adopted a cautious approach, leading to selective buying interest. The only notable movement was recorded at the mid-end of the curve, where the 05-Nov-26 bill declined by 16bps to 16.14%,…
GCR ratings have affirmed Providus Bank Limited’s national scale long and short-term issuer ratings of BBB-(NG) and A3(NG) respectively; outlook maintained…
The Federal Government (FG) says Nigeria loses about 24 million tonnes of topsoil annually due to erosion and land degradation, warning that the trend poses a serious threat to food security and climate resilience.
The Senate has approved a $516,333,700 syndicated financing facility for the construction of the Sokoto–Badagry Super Highway. This followed the consideration and adoption of the report of the Senate Committee on Local and Foreign Debts during plenary on Wednesday
The naira dropped sharply against the US dollar at the Nigerian Foreign Exchange Market (NFEM) on Tuesday as FX payments surged above liquidity.
UK-Nigeria Tech Hub Launches Creative Fund, Opens Application The UK-Nigeria Technology Hub has launched its Creative Fund, a first phase grants initiative designed to address critical technical capacity gaps across Nigeria’s film, fashion and music industries. The fund will support the development of local digital production capacity; encourage adoption of modern creative technologies; and promote responsible use of Artificial Intelligence (AI) to strengthen Nigeria’s creative value chain. The British Deputy High Commission, in a statement on Tuesday, said the initiative would directly support the priorities of the UK-Nigeria Economic Transformation and Investment Partnership (ETIP) Creatives Working Group, launched in March…
Transcorp Power Plc, one of the power subsidiaries of Africa’s leading listed conglomerate, Transnational Corporation Plc, has announced a ₦41,250,000 total dividend to its shareholders at the 13th Annual General Meeting held at the Congress Hall, Transcorp Hilton Abuja.