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.
NAICOM Calls for Stronger Consumer-Focused Insurance Practices The National Insurance Commission (NAICOM) has urged insurance operators to embrace customer-centred reforms to rebuild public trust and deepen insurance penetration in Nigeria. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, made the call at the opening ceremony of the 2026 Insurance Week in Lagos on Monday. Omosehin, who was represented by the Deputy Commissioner for Insurance, Finance and Administration, Mr Ekerete Ola Gam-Ikon, emphasised the need for insurers to shift from product-driven strategies to solutions tailored to customers’ needs. According to him, a recurring criticism of the…
Ripple (XRP) price dropped by about 3% to $1.38 on Monday, underperforming a broadly weaker crypto market amid a macro risk-off sell-off.
Offshore or foreign portfolio investment inflows accounted for more than 59% of the US dollars available at Nigeria’s foreign exchange market, details released by the research unit of Coronation Merchant Bank Limited revealed.
Nigeria Eurobonds Yield Climbs as Inflation Shifts Sentiment Nigeria’s Eurobond prices declined in the international market as foreign portfolio investors and other holders offloaded the sovereign paper across the mid- and long-end of the curve. The Riskoff sentiment lifted yields on the authority’s dollar bonds, reflecting higher borrowing costs amid accelerating headline inflation. Traders said offshore investors reacted negatively to the recent surge in the consumer price index, despite the view that Nigeria is less exposed to the negative effects of the Middle East conflicts. While Nigeria is an apparent winner, the people are suffering from higher petroleum prices following…
Naira Opens Weak, Nigeria’s FX Reserves Signal Uptrend The Nigerian naira opened weak on Monday after a weekly value depreciation of N10 against the US dollar. The local currency fluctuated despite the authority interventions in the official window, suggesting rising demand for international payments. The FX market report revealed that the naira weakened against the U.S. dollar, declining by 0.70% in the official market to close at ₦1,371.04 on Friday. The local unit opened at N1381.39, according to the Central Bank of Nigeria (CBN) daily FX data publication, amid fluctuations in interbank FX turnover. In the parallel market, the local…
Ripple (XRP) price rose 2% to $1.42, outpacing a flat Bitcoin, driven by regulatory optimism following the U.S. Senate’s advancement of the CLARITY Act.
S&P Global has upgraded its long-term ratings on Nigeria to ‘B’ from ‘B-‘, citing higher oil production and prices, the large increase in domestic refining capacity, and the 2023 decision to liberalise the exchange rate.
Brent and US West Texas Intermediate light sweet crude oil prices saw strong weekly gains of about 10% on a week-on-week basis as renewed concerns over US-Iran tensions and possible disruptions to crude flows through the Strait of Hormuz kept geopolitical risks at the centre of market sentiment
CSCS, Other Market Operators Set for T+1 Settlement Transition Operators in the Nigerian capital market have assured investors and stakeholders of their readiness for the transition to the T+1 settlement cycle scheduled to commence on Monday, June 1. The operators gave the assurance during a virtual discourse on “Driving Market Readiness: Trade Associations and the Transition to T+1 Settlement Cycle”, held on Friday and organised by the Central Securities Clearing System Plc(CSCS). T+1 settlement cycle means stock market transactions will be completed one business day after execution, replacing the current T+2 system. The Director-General of CSCS, Mr Shehu Shantali, said…
Economic Hardship in Nigeria Painful but Necessary – Alake The Minister of Solid Minerals Development, Dele Alake, says the current economic difficulties in Nigeria are painful but are part of the necessary transition toward building a resilient and sustainable economy. Alake stated this at the maiden edition of the Solid Minerals Excellence Awards (SOMEA) in Abuja. He said Nigeria was undergoing a decisive economic transformation aimed at achieving long-term prosperity, industrial growth and national development through bold reforms and strategic leadership. He said the administration of President Bola Tinubu remained committed to implementing difficult but necessary reforms to address corruption,…