- 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.
Africa Needs $74bn Debt Service – AfDB Chief Economist Prof. Kevin Urama, Chief Economist and Vice President, Economic Governance and Knowledge Management, African Development Bank (AfDB), says the continent needs 74 billion dollars in 2024 for debt service. Urama disclosed this at the launch of the Debt Management Forum for Africa (DeMFA) and its innaugural policy dialogue on Monday in Abuja. The theme of the dialogue is; “Making Debt Work for Africa: Policies, Practices, and Options”. He cautioned that the actual figure could be higher if hidden debt and contingent liabilities were accounted for. Umara said, “According to the African…
Nigeria’s headline inflation increased by 72 basis points to 34.60% year on year in November due to price instability, from 33.88% in October, according to the statistics office.
FG, Foreign Partners Sign Letter of Intent to Improve Healthcare The Federal Government has signed two letters of intent with foreign healthcare companies to enhance healthcare access and capacity in Nigeria. The Ministry of Health and Social Welfare disclosed this in a statement issued in Abuja on Sunday, by the Deputy Director, Information and Public Relations, Mr Alaba Balogun. According to the statement, the agreements involve Siemens Healthineers’ Nigerian partner, Tanit Medical Engineering, and Abbott Laboratories GmbH. The Memorandum of Understanding (MoU) outlines the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) and reaffirms the Federal Government’s commitment to…
FG Allocates N80bn for Construction of 4 New Institutions in Zaria The Federal Government has commenced construction of Federal College of Nursing and Midwifery in Zaria, Kaduna State to address shortages of human resources in the health sector. The other three institutions to be constructed are; Federal College of Education, Federal Open University and Federal College of Legal Studies. Performing the ground breaking ceremony for the institutions in Zaria on Sunday, Dr Abbas Tajuddeen, Speaker of the House of Representatives said the projects, which has 18 months completion period would gulp N80 billion. He said the instructions were established after…
AfDB to Launch Debt Management Forum for Africa The African Development Bank (AfDB) group is to launch the Debt Management Forum for Africa (DeMFA). DeMFA is a new platform aimed at promoting high-level dialogue on debt productivity and sustainability across the continent. A statement by the bank on Sunday added that the launch will take place on Monday and Tuesday in Abuja. The launch will also bring together Africa’s Ministers of Finance, central bankers, debt managers, policymakers, experts and relevant stakeholders. Participants will exchange views and lessons on challenges related to Africa’s debt vulnerabilities. According to the bank, the DeMFA…
ECOWAS Issues Deadline to Bukina Faso, Mali, Niger The authority of ECOWAS heads of state and government on Sunday set Jan. 29, 2025 to July 29, 2025 as a transitional period to keep ECOWAS doors open to Burkina Faso, Republic of Mali and the Republic of Niger. Dr Omar Touray, President of the ECOWAS Commission, said this while reading the Communique at the end of the 66th Ordinary Session of the Authority of Heads of State and Government, in Abuja. He said the authority had taken note of the notification by the three countries of their decision to withdraw from…
Nigerian Exchange Crosses N60Trn as Investors Gain N374bn Equities investors gained more than N374 billion on the Nigerian Exchange (NGX) trading platform as oil stocks Oando Energy and Aradel Holdings drove momentum. The local bourse sustained its positive streak, closing trading activities for the week in the green with key market performance indicators up by +0.63% on Friday. Stockbrokers noted that buying interest in some blue-chip and mid-tier stocks and others fuelled the market’s strong performance. The Nigerian Exchange All-Share Index rose by 617.47 basis points today, up by 63 basis points to close at 99,378.06. Given the trading direction,…
The Securities and Exchange Commission (SEC) has said the Federal Government of Nigeria issued six sovereign sukuk worth N1.1 trillion
The Central Bank of Nigeria (CBN) conducted foreign exchange market intervention sales on Thursday to defend the naira further.
Equities investors combined wealth rose by N152 billion as bargain hunting lifted the Nigerian Exchange (NGX) All Share Index. On Thursday, the equities market sustained its positive momentum as key performance indicators rose by 0.25% apiece.