- 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.
Global Uncertainties Suppress Investment in Africa – UNDP The United Nations Development Programme (UNDP), says global uncertainty over wars can lead to diminished investments critical for Africa’s growth. Dr Raymond Gilpin, the Chief Economist and Head of Strategy, Analysis, and Research Team, Regional Bureau for Africa, UNDP said this at the closing of the 2024 African Economic Conference (AEC) in Gaborone, Botswana. The 2024 AEC was co-hosted by the African Development Bank (AfDB), the Economic Commission for Africa (ECA) and the UNDP in collaboration with the Botswana government. The conference, which commenced on Nov. 23, ended on Nov. 25. “The…
Africa’s Progress on SDGs Faces Mounting Challenges—ASDR report The African Sustainable Development Report (ASDR) 2024 restates that progress on the Sustainable Development Goals (SDGs) and Agenda 2063 has continued to mount challenges. The ASDR 2024 report was unveiled on the sidelines of the African Economic Conference in Gaborone, Botswana. The report was jointly produced by the United Nations Economic Commission for Africa (ECA), the United Nations Development Programme (UNDP), the African Development Bank (AfDB), and the African Union. The report was presented by Dr Oyebanke Abejirin, Officer-in-Charge, Development Planning, Macroeconomics, Finance, and Governance Division of ECA. Abejirin quoted the report…
Sell Pressures on FBNH, ACCESS, Zenith Drive Intraday Loss on NGX The equities market is currently trading negative as investors began to take profit from banking names. The banking index was the sole loser on the Nigerian Exchange (NGX) last week as negative investor sentiment in some Tier-1 banks persisted. Demand for some Tier-2 lenders also waned following Moody’s report that predicted merger and acquisition deals for Tier-2 lenders who are known names. At midday, the NGX All Share Index trended negatively, reflecting a loss of -0.09% for Alpha Morgan Capital Limited. Stockbrokers said this bearish trend is due to…
A slew of equity analysts have become neutral on Wema Bank Plc shares due to slim upside potentials. Wema Bank Plc share price settled at N8.85, trading at more than 29% discount to its 52-week in the equities market on Friday.
Aradel Holdings and Seplat Energy Plc would be paying a quarterly dividend to their shareholders on Wednesday, according to details from corporate actions for the week.
UBA Series: Experts Say Innovation, Passion Key to Building Successful Businesses Building businesses that stand the test of time requires a blend of innovation, unwavering focus, and passion. This was the key takeaway from the latest edition of the United Bank for Africa (UBA) Business Series, hosted on Thursday, With the theme: “Profit with Purpose, Business Continuity,” the event which was held at the Tony Elumelu Amphitheatre, UBA House, Marina, Lagos, brought together top industry leaders and entrepreneurs who shared actionable insights and strategies for ensuring business resilience and sustainability in today’s dynamic economic environment. Founder, Terra Kulture, Bolanle Austen-Peters,…
Bitcoin (BTC-USD) prices spiked above $99,300 early Friday as excitement over improved regulation continues. This has lifted the global crypto market cap to $3.3 trillion during the early trading session, a 3.80% increase over the last day.
The Securities and Exchange Commission (SEC) says not less than N1.682 trillion has been raised by banks through e-offering in the recapitalisation exercise. Dr Emomotimi Agama, the Director- General of SEC, said this in a statement on Wednesday in Lagos.
Nigeria Customs Collects N2 Trillion Revenue in Apapa The Apapa Port Command of Nigeria Customs Service (NCS) says it collected N2.01 trillion in revenue as at November 19, 2024. The Customs Area Comptroller (CAC) of the command, Comptroller Babatunde Olomu, made the disclosure while addressing officers and men on a parade on Wednesday in Lagos. Olomu said the command would achieve its N2.2tr target for this year by the end of November ahead of December. He said that the command was drawing inspiration from the Comptroller-General of Customs, Bashir Adeniyi, who announced the total collection of N5.07tr by the service…
FBN Holdings shareholders have approved a N14.358 billion total distributable dividend for financial year 2023 at the annual general meeting last week, the group said in a regulatory filing on the Nigerian Exchange.