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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.
Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness The average yield on Nigerian Treasury bills (NTBs) declined by 4 basis points (bps) in the secondary market on Wednesday as investors continue to pile up positions in the naira asset. Rising appetite for long-duration papers persisted in secondary market transactions as investors sought to lock in yields amid the latest rate repricing for long-tenor bills. With mixed inflation and interest rate outlooks, real return on investment remains in double digits, with Treasury yields covering elevated consumer price index. Traders saw demand for Nigerian Treasury bills that will expire on 04…
Financial system liquidity was slightly squeezed due to a large outflow related to the settlement of OMO bills sold by the Central Bank of Nigeria (CBN) to banks and foreign investors.
Equities investors gained about N71 billion in Nigerian cold stock market trading, with a soft rebound recorded on Wednesday from the previous day’s sell pressure.
The rand is firmer against crosses, including the dollar (USD), the Euro (EUR) , and the British pound (GBP),
Global equity markets advanced, with Wall Street closing higher after buying interest in major technology companies following earnings releases.
The overnight lending rate dropped slightly as financial system liquidity conditions
Oando Half-Year Revenue Hits N2.1 Trillion, Up 20% Oando Plc has recorded a 20 per cent increase in revenue to N2.1 trillion for the half-year ended June 30, driven by higher crude oil production, improved operational efficiency and cost optimisation. The company disclosed this in its unaudited financial results released on Tuesday in Lagos. It also reported an eight per cent increase in profit after tax to N68.6 billion, while gross profit surged by 331 per cent to N101 billion during the review period. The company’s average daily production rose by 16 per cent to 42,789 barrels of oil equivalent…
The Nigerian naira firmed to ₦1,362.5543 per US dollar at the official window on Tuesday, as forex supply eclipsed international payment requests.
Deposit Money Banks (DMBs), foreign portfolio investors (FPIs) chased Nigerian OMO bills with total subscription of N2.2 trillion, surpassing the offer size.
Wall Street and European markets rally in anticipation that lower oil prices will reduce global inflation risk