- 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 equities segment of the Nigerian Exchange (NGX) key performance indicators diverged due to Sterling Bank’s
Bitcoin price is up 1.07% in 24 hours to $64,619, outperforming the broader market, which gained 0.93%, primarily driven by renewed institutional demand via spot ETFs.
Solana (SOL) price climbed to $74.85, slightly trailing Bitcoin’s 1.69% gain, primarily driven by a modest beta move relative to the broader market.
Oil prices are on track for a weekly gain of more than 13% as escalating tensions between the United States and Iran revived concerns over potential disruptions to crude supplies through the Strait of Hormuz.
The Naira rallied, closing the trading week stronger on Friday, appreciating to N1,380.18 against the United States dollar at the official foreign exchange market.
Transcorp Power posted about N55 billion in pre-tax profit in the first half of the financial year 2026, amid operational challenges stemming from recurring vandalism of transmission infrastructure.
The Nigerian stock market expanded by more than N849 billion on Friday as investors’ attention shifted to tier-1 banks’ stocks, stockbrokers said.
Oil prices edge higher on Friday as the escalating conflict between the US and Iran heightened concerns
The fixed income market recorded a rush for Nigerian treasury bills on Thursday, following the monetary authority’s rejection of 60% of total subscriptions at the main auction on Wednesday.
Money market rates were mixed as financial system liquidity shrank following the Central Bank of Nigeria’s (CBN) aggressive sterilisation of funds.