- 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.
Bitcoin Races Near $92,000 on ‘Existing Euphoria’ Bitcoin price is racing near $92,000 level on existing euphoria that follows U.S. election victory in favour of Donald Trump. The crypto market activities have been heated up with buying activities on top assets across exchanges. Data from CoinMarketCap.com showed Bitcoin has gained more than 13% in the last seven days to settle at $91,923 during early trading hours on Monday. Increased demand for exchange-traded funds has continued to drive the Bitcoin price upward, with estimates showing the world’s largest crypto asset could cross $100,000 in 2024 Dogecoin is the best performer over…
Deposit money banks borrowed about N1.8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) window to support liquidity requirements, according to updates from the Broadtsreet.
Northern Nigeria Flour Mills PLC has announced a plan to pay its shareholders an interim dividend next week.
Oil prices recover from downturn in the global commodities market on Wednesday as demand and supply uncertainties linger ahead inflation data in the United States.
COP29: Climate Finance to Reach $120 Billion -MDBs Multilateral development banks (MDBs) have estimated that by 2030, their annual collective climate financing for low- and middle-income countries will reach USD 120 billion, including USD 42 billion for adaptation, and MDBs aim to mobilize USD 65 billion from the private sector. MDBs said in a joint statement issued at COP29 in Baku outlining financial support and other measures for countries to achieve ambitious climate outcomes. For high-income countries, this annual collective climate financing is projected to reach USD 50 billion, including USD 7 billion for adaptation, and MDBs aim to mobilize…
Gov. Seyi Makinde of Oyo State has approved a minimum wage of N80,000 for those in the state workforce, an official said on Wednesday in Ibadan.
N1.3bn Fraud: Court Orders Dana Air MD Arrest A Federal High Court in Abuja, on Monday, issued an arrest warrant against the Managing Director (MD) of Dana Air, Mr Hathiramani Ranesh, over alleged refusal to appear in court to stand trial. Justice Obiora Egwuatu, in a ruling, held that the arrest of Ranesh is necessary following his refusal to appear in court after he was served with the charge and several proceedings taken in the matter. Justuce Egwuatu held that in line with Section 184 of the Administration of Criminal Justice Act (ACJA), 2015, the court can issue an arrest…
The US dollar fell against its major trading partners early Tuesday ahead of Federal Reserve Chair Jerome Powell appearance due on Friday, which could provide
Guaranty Trust Holdings company (GTCO) and Oando Plc, an indigenous energy company, were among other early risers are currently driving the equity market
Most of Nigerian banks have negative year to date return, according to data from their separate financial statements.