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 Central Bank of Nigeria (CBN) is scheduled to open N650 billion worth of Treasury bills for subscription at the primary market auction on Wednesday, according to details from the circular released.
The naira weakened further across the official and parallel markets on Tuesday. The local unit depreciated by 0.01% to ₦1,373.87 against the US dollar at the Nigerian foreign exchange market (NFEM) window as pressures persisted.
Fitch Ratings has affirmed Access Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also removed the National Long-Term Rating from Rating Watch Positive (RWP), affirmed it at ‘AA-(nga)’ and assigned a stable outlook.
The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, says the service is targeting N40 trillion in tax revenue for the federation in 2026.
Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance as liquidity in the financial system decreased by over 39% due to deposit money banks reducing their placements at the Central Bank’s Standing Deposit Facility. The short-term benchmark interest rates showed varied trends on liquidity drop, while some market analysts anticipate an open-market operation by the authorities to tighten liquidity. System liquidity declined by 39.28% to N3.56 trillion, primarily due to a 35.91% reduction in the Standing Deposit Facility balance, which fell to N3.46 trillion. This came in addition to a 41.28% reduction in banks’…
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers.
The South African Rand (ZARUSD) traded in a range against Western currencies on Tuesday, ahead of the April inflation rate figure due for release.
Sectoral rotation in the Nigerian Exchange (NGX) trading platform plunged the local bourse’s key performance indicators lower on Monday.
Equity investors trading highs and lows on the Nigerian Exchange (NGX) lost about N81 billion as the local bourse experienced significant selling pressures in key stocks.
The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.