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.
Nigerian Overnight Financing Rate Steady on Liquidity Surplus The liquidity surplus in the financial system has kept the Nigerian Overnight Financing Rate (NOFR) stable, as banks continue to make strong placements at the Central Bank. At the beginning of the week, money market benchmarks showed little change due to the absence of significant funding pressures. In its market update, AIICO Capital Limited reported that liquidity in the financial system opened the week with a surplus of ₦4.52 trillion. The significant amount reflects an increase of ₦553.15 billion from the previous week’s balance, before the Debt Management Office bond auction, during…
First Holdco’s share price dipped by 10% as investors trimmed holdings in the group amidst a missed regulatory filing on the Nigerian Exchange.
PTAD Clears N32,000 Pension Arrears for DBS Retirees The Pension Transitional Arrangement Directorate (PTAD) says it has paid the final one-month arrears of the N32,000 pension increase to eligible Defined Benefit Scheme (DBS) pensioners. This is contained in a statement on Monday by PTAD Head of Corporate Communications, Mr Olugbenga Ajayi. “A total of N1,734,592,000 was disbursed to 54,206 eligible DBS pensioners,” Ajayi said. He said the payment completed all arrears from the N32,000 increment approved by the National Salaries, Incomes and Wages Commission, effective July 29, 2024. Under the Parastatals Pension Department, 25,804 pensioners received N825,728,000, completing payment of…
The Yobe State Executive Council (SEC) has ratified N59.8 billion to fast-track the execution of viable projects and services earlier approved by the state government.
The British pound stabilised above $1.35, recovering from a two-week low, as investors prepare for a week filled with significant economic data and global interest rate decisions while also monitoring US-Iran peace talks.
2027: Gbajabiamila Backs Hamzat’s Lagos Governorship Bid The Chief of Staff to the President, Mr Femi Gbajabiamila, has declared his support for the Lagos governorship bid of the state deputy governor, Dr Obafemi Hamzat. Gbajabiamila endorsed Hamzat when the deputy governor, in the company of some prominent party leaders in the state, visited him at his Oniru residence on Sunday. The visit was part of his ongoing engagements and consultations with party leaders ahead of 2027. Some of the party leaders on Hamzat’s entourage include a former Minister of State for Defence, Sen. Musiliu Obanikoro; Secretary of Lagos APC Governance…
Equity prices shed 0.5% as measured by the Nairobi Securities Exchange (NSE) All-Share Index last week. The decline was largely driven by reduced performance in the commercial (-2.1%), energy (-1.5%), and banking (-1.0%) sectors, according to Pergamon Investment Bank.
Oil prices increased on Monday amid concerns that the Strait of Hormuz blockade could delay market recovery for several months, even if passage is reopened.
The Federal Government of Nigeria, through the Debt Management Office (DMO), is set to reopen local bonds for subscription across 5-, 7-, and 10-year tenors today.
Stanbic IBTC Plc fell by about 14% on the stock market as investors’ buying sentiment faded amid the first-quarter earnings festival for the 2026 financial year.