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.
Nigeria Treasury Bills Yield Rises 13bps on Sell Orders The average yield on Nigerian Treasury bills rose by 13 basis points in the secondary market as investors placed sell orders across the short, belly, and long ends of the curve. The market reacted to the tight spot rate on the short-term borrowing instrument. Fixed-income market analysts reported that yield expansion was most pronounced in the 364-day paper, which saw a 56bps week-on-week increase to 19.1%. Conversely, the 182- and 91-day instruments saw declines, with yield compressing by 15bps and 2bps to 17.3% and 16.4%, respectively. Analysts expect the bearish performance…
Global equity markets closed mostly lower, with broad declines across the United States and Europe weighing on overall sentiment amidst unsettled geopolitical tensions.
United Bank for Africa Plc (UBA), a leading Pan-African financial institution, has released its unaudited financial results for the first quarter ended March 31, 2026, demonstrating resilient operating performance and continued balance sheet strength despite a moderated profitability environment.
No New Tax on Vehicles – NRS The Nigeria Revenue Service (NRS) has described as false and misleading a viral infographic claiming that the government has imposed a new vehicle tax, effective July 1. The NRS made this known in a statement by Mr Dare Adekambi, Special Adviser to the NRS chairman, Dr Zach Adedeji, and the service’s spokesperson. According to Adekambi, the infographic directs owners of private, commercial and corporate vehicles to pay the unstated vehicle tax rate online or at approved banks and agencies. He said that the material, which bore no identifiable author, further asked members of…
United Bank for Africa (UBA) Plc has reported about 12% year-on-year customer deposit growth in the financial year 2025, according to the audited report released. The significant deposit growth reflects strong brand loyalty across key African markets where UBA holds sway.
Oil prices were set to end the week on a mixed note, as escalating tensions between the US and Iran and severe disruptions in the Strait of Hormuz supported the market.
Cardano (ADAUSD) is down 0.84% to $0.249 in 24h, underperforming a slightly negative broader market, primarily driven by a technical rejection at key resistance and a lack of bullish momentum.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion, up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion.
GCR Ratings has affirmed Development Bank of Nigeria Plc’s (DBN) national scale long and short-term issuer ratings of AAA(NG) and A1+(NG) , respectively.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.