- 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.
Ripple (XRP) tanked by about 5% to $1.30 on Thursday, underperforming a broader market sell-off primarily driven by macro fears over persistent inflation.
The overnight lending and open repo rates eased due to surplus liquidity in the financial system
The naira recorded a 0.3 pip gain against the US dollar at the Nigerian foreign exchange market
Money market funding rates inched higher amid rising liquidity in the financial system…
Standard Chartered announced that it now supports institutional custody of Ripple USD (RLUSD)
The Central Bank of Nigeria (CBN) is scheduled to offer N450 billion in Treasury bills
Ripple (XRP) kept its bearish pose, struggling to break the $1.40 mark ahead of the U.S. consumer price index
The International Monetary Fund (IMF) has called for cash transfers and targeted, temporary income support
The International Monetary Fund (IMF) says it has raised its 2026 global growth forecast to 3.1 per cent, citing AI investment gains in spite of the Middle East conflict.
Money Market Rates Dip as Financial System Liquidity Tops N4trn Money market rates eased as net surplus liquidity in the financial system increased by about 9%, reflecting the absence of funding pressures on Monday. The liquidity conditions in the financial system closed strong ahead of large inflows from OMO bill repayments, which are expected to bolster liquidity levels. At the same time, market analysts said they expect the Central Bank of Nigeria (CBN) to conduct an open market operation to mop up excess liquidity. According to analysts, surplus liquidity in the banking system will expand without an OMO bill, with…