- S&P 500, Euro Stoxx 50 Rally as US Rate Hike Bets Ease
- Linkage Assurance Delivers Impressive Half-Year Earnings Amidst Underwriting Pressure
- ABC Transport Faces Several Margin Contractions Despite Revenue Growth
- XRP Ticks as Successful Payments Processed on Ledger Spikes
- South African Rand Steadies as Fed Rate Hike Bets Ease
- Nigerian Naira Extends Rally as Corporates’ FX Demand Reduces
- CBN Allots N2.6trn as OMO Bills Subscription Tops N4.6trn
- Nigerian Exchange Heads South, Equities Investors Lose N613bn
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.
The naira experienced a soft rally that pushed the local currency value upward slight….
Equities investors gained about N1.8 trillion on the Nigerian Exchange (NGX) as banking and industrial stocks drove momentum. The market opened strong as key market performance indicators increased by 1.12%.
Brent crude traded above $90 a barrel on Monday, extending sharp gains after the weekend escalation
The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC
BUA Cement Plc lost 19% of its market value in the stock market due to deteriorated investors’
A soft weekly price gain and the listing of new shares lifted Sterling Financial Holdings’ stock market valuation to N527.434 billion, according to trading data from the Nigerian Exchange.
Pi Network surges by 10.5% in 24 hours to $0.09344, significantly outperforming a broadly flat crypto market,
Fidelity Bank Plc.’s share price increased by 15% as investors continue to bet on the Tier-2 lender’s future earnings
Nigeria is expected to prioritise macroeconomic stability by keeping its monetary policy rate (MPR) at 26.5% at the end of the Central Bank of Nigeria (CBN) Monetary Policy Committee (MPC) meeting this week.
United Bank for Africa (UBA) gained 11% on the Nigerian Exchange (NGX) as investors bet…