- Nigeria Risks Losing Retail FX Channel, BDC Operators Warn
- 2027 Could be Hottest Year on Record, UN Warns
- Hang Seng Index Rises on AI Momentum, US, European Markets Dip
- Oil Prices Fall on Easing Supply Risk, Brent Dips Below $97
- “Nigeria Unseen”: NLNG Announces 2027 Creative Arts Prize Call for Entries
- Nigeria Interbank Rates Mixed as Banking Liquidity Hits N8.5trn
- XRP Slumps to $1.08 With No Buying Catalyst in Sight
- Fitch Affirms IHS Holding at ‘B+’ With Positive Outlook
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.
A Lagos-based investment firm, Anchoria Securities Limited, has set 38.2% upside potential for Fidelity Bank Plc as the market anticipates the Nigerian lender’s Q4 earnings release.
Ahead of its earnings release, equity analysts have set higher upside potential for UBA while they guide investors
First Holdco Profit Sinks by 93% after Forbearance Withdrawal First Holdco Plc’s profit plunged 93.36% year-on-year to N44.982 billion in the financial year 2025, from N677.005 billion in 2024, due to weak asset quality. As part of an effort to exit the Central Bank of Nigeria (CBN) forbearance list following regulatory withdrawal, the non-operating company of First Bank of Nigeria booked higher impairment charges on its loans. The charges against the group’s expected credit losses surge by 75% to N748.125 billion in 2025, up from N426.296 billion in the comparable period in 2024 – a singular action that damaged its…
Global equities delivered a mixed performance over the week, with notable divergences across regions as investors reacted to shifting macro signals, geopolitical developments, Anchoria Securities Limited said in its investor update.
Dogecoin (DOGEUSD) has lost 4% in the last 24 hours as extreme fear fuelling the selloffs in the cryptocurrency market.
The market value of all listed stocks climbed to N106.2 trillion on the back of additional shares listed by GTCO Plc, while the key performance index slipped.
Sustained sell pressure in top cryptocurrencies dragged the market cap of all digital assets down to $2.8 trillion, according to data from trading platforms.
Nigerian Treasury Bills Yield Declines by 25bps The average yield on Nigerian Treasury bills (NTB) declined by 25 basis points (bps) in the secondary market as investors ramped up naira assets ahead of next week’s auction. Elevated yields on fixed interest securities continue to attract wealth managers and high-net-worth individuals with tighter risk appetites. Investment firms reported demand was observed at the long (-52bps) end of the curve, resulting in average yield printing 25 basis points lower, and settled at 18.17% on Thursday. The fixed income market witnessed subdued activity across most maturities, which kept rates flat along the curve,…
Oil Prices Fall as US Relaxes Sanction on Venezuela’s Export Oil prices declined in the global commodity market on Friday after the U, S eased sanctions on Venezuelan crude, reducing near-term supply concerns following a recent rally. Brent crude traded at $68.32 per barrel, down 1.7% from the previous close of $69.54. US benchmark West Texas Intermediate (WTI) declined 1.9% to $64.02 per barrel, compared with $65.25 in the prior session. Prices retreated after Washington partially relaxed sanctions on Venezuela’s state-owned oil company, Petroleos de Venezuela SA (PDVSA), allowing certain transactions related to the sale and transportation of Venezuelan-origin crude.…
Ripple (XRPUSD) slumped 5.43% over the last 24h to $1.80, underperforming the broader crypto market’s 4.8% drop. Top crypto assets have seen significant losses as sentiment waned.