- Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
- FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
- UK Court Acquits Diezani Alison-Madueke of Bribery Charges
- CBN Hikes Interest Rates on Treasury Bills to 17.34%
- Bitcoin Slips as Bank of Japan Hikes Rates to 31-Year High
- Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment
- IMF: FG Dismisses Report on New Telecom, Fuel Taxes
- G7 leaders to Discuss Global Economic Recovery
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.
Radda Signs 2025 Budget of N692.2bn into Law Gov. Dikko Radda of Katsina State has signed the 2025 budget of N692.2 billion into law. The governor submitted NN682,244,449,513,87 to the state assembly for consideration and approval. The budget indicates that recurrent expenditure stands at N157.9 billion, representing 23.15 per cent, while the capital expenditure is N524.2 billion, representing 76.85 per cent. The budget, tagged: “Building Your Future II”, has an increase of N200.5 billion compared to that of 2024. Signing the proposed document on Wednesday in Katsina, Gov. Radda said that the budget had a slight increase of N10 billion…
Oil prices rose in the global commodities market on Thursday as the U.S. Federal Reserve’s fund rates cut boosted expectations that demand would increase.
The average yield on Federal Government of Nigeria (FGN) bonds increased slightly following soft but bearish trading activities in the secondary market.
Vinicius Jr Named FIFA Best Men’s Player for 2024 Real Madrid and Brazil forward Vinicius Junior was voted as FIFA’s Best men’s player for 2024 on Tuesday. The 24-year-old, who helped Real Madrid win the Champions League and La Liga, beat nine other nominees including Ballon d’Or winner Rodri and record winner Lionel Messi. It is his first major international award. He skipped the rival Ballon d’Or ceremony in October after being angry about not winning. The awards were held at a dinner attended by FIFA President Gianni Infantino in the Qatari capital Doha, announced at one day’s notice. Most…
Bitcoin topped the $107,000 price level in the global cryptocurrency markets before the orange coin retreated due to easy profit-taking by retail investors. The world’s largest crypto asset has now settled at $106,500 while Ethereum traded near $4,000—
$1trn Economy: SEC DG Lists Factor Constraining Capital Market’s Potential Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Tuesday in Lagos. Agama, represented by SEC’s Lagos Zonal Director, Mr John Briggs, spoke on the theme: “The Role of the Capital Market in Driving Nigeria’s One Trillion Dollar Economy”. He said that these challenges must be addressed, to achieve the full…
Oil prices dipped on Tuesday in the global commodity market as demand pressures persist due to weak economic data and the U.S. amidst more sanctions on Russian tankers by the European Union.
Nigerian Treasury Bills Yield Shrinks to 25.7% vs Inflation As demand for naira assets increased, the average yield on Nigerian Treasury bills declined by 5 basis points in the secondary market to settle at 25.7% following an accelerated inflation rate for November 2024. The increase in consumer price index has further widened the real return on Treasury bills in spite of the latest benchmark interest rate adjustment. Despite strong investors’ appetite, the real return gap in the Treasury bills segment has inched above 7% after the authority hiked the policy rate to 27.50% versus a 34.60% inflation count. In the…
Foreign portfolio investors (FPIs) trimmed interest in Nigeria’s Eurobonds as headline inflation surged to 34.60%
Interbank rates eased in the money market following a moderate inflow and signature bonus that boosted the balance in the financial system at the beginning of the week. The market also received N9.52 billion in FGN coupon payments.