- Nigerian OMO Bills Attract N5.7trn from Retail, Corporate Investors
- NGX Drops by N541bn as Investors Dump MTN, Zenith Bank
- Brent Slumps 17% in Sharp Weekly Pullback in Oil Market
- Pi Network Price Dips as Insider Offloads, Nears All-Time Low
- Magnificent 7 Loses $1trn in One Day – End of Tech Super Pack?
- Rand Weakens Against Dollar over US-South African Troubled Relations
- Global Markets Tumble on Tech Stocks Rout, Nasdaq, S&P 500 Fall
- XRP Loses 10% on Speculative Washout, Likely to Test $1.10
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.
NMDPRA Seals Filling Stations Over Petrol Under-Dispensing The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has expressed concern over under-dispensing of petrol by filling stations in spite of high fuel prices. The NMDPRA Chief Executive, Malam Farouk Ahmed, raised the concern on Thursday during an inspection of filling stations in Port Harcourt. The inspection led to the sealing of two filling stations, Stage Oil and MRS, along the CFC area of Aba Road, over alleged under-dispensing of petrol to customers. Represented by Dr Mustapha Lamorde, Executive Director, Health, Safety, Environment and Community, NMDPRA, Ahmed said the authority would…
MTN Nigeria, Aradel Holdings, Eterna and other shareholders’ sell-offs knocked more than N1.33 trillion …
Chinese AI ecosystem is broadening beyond models and chips, supporting wider domestic deployment…
The AI boom is being financed in a loop, and Anthropic’s blockbuster listing is about to hand that loop to ordinary investors,
Oil Prices Edge Higher on Supply Shock, Brent Rises 4% Oil prices edged higher on Thursday amid a supply shock, as escalating tensions in the Middle East, hurricane-related disruptions to US oil and gas production, and a larger-than-expected decline in US crude inventories heightened concerns about global supply. International benchmark Brent crude futures for December delivery increased by about 4% to $103.93 per barrel, up from $100.20 at the previous close. US benchmark West Texas Intermediate (WTI) crude futures for November delivery rose 2.6% to $91.29 per barrel from $89.01. A tanker was struck by multiple projectiles north of Qatar…
The naira softened against the US dollar on Wednesday as forex market liquidity eased amidst growing demand for non-crude oil imports into the country.
The Central Bank of Nigeria (CBN) has reduced its spot rate on 364-day (1-year) Treasury bill
SpaceX’s talks to borrow $40 billion to buy Nvidia chips lay bare a dangerous loop at the heart of the AI boom…
Global oil prices climbed above $101 a barrel on Wednesday as an approaching storm threatened oil and gas production
FinCEN Announces Withdrawals of Proposed Digital Asset Related Rules US Treasury unit, Financial Crimes Enforcement Network (FinCEN) has dropped a proposed rule that would have forced banks and crypto firms to report many crypto mixing transactions, and the rule never took effect. In an official statement, FinCEN indicated that the withdrawn 2023 proposal would have labeled international crypto mixing as a primary money laundering concern and required detailed reports on suspect mixing transactions with a foreign link. Its removal eases looming compliance and privacy risks around mixers and self-custody, but existing anti money laundering and sanctions rules for exchanges and…