- US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike
- XRP Price Tanks as Bears Strike after U.S. Inflation Data
- Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs
- Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps
- Overnight, Repo Rates Ease as CBN Mops 4% of System Liquidity
- Nigeria Rejects UN Budget Cuts Threatening Development, Peacekeeping
- Naira Gains 0.3 Pips as Interbank FX Turnover Soars By 427%
- IMF Urges Countries to Replace Fuel Subsidies With Target Support for Vulnerable
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.
Mastercard, IFC Launch $500mn Global Risk Facility to Expand Financial Access Mastercard today announced the launch of a new $500 million global settlement exposure facility in partnership with International Finance Corp., a member of the World Bank Group focused on the private sector, to accelerate inclusive economic growth by extending digital payments and financial services to underserved populations. This builds on the recent announcement by the IFC to support the growth of secure, accessible financial services in emerging markets. Building on the organizations’ prior collaborations, the launch reflects a broader joint ambition to launch scalable models that connect capital, technology,…
Money market short-term funding rates ease on one side amid a bloated liquidity balance in the financial system. The overnight lending rate declined 3 basis points, but the repo rate remained unchanged at 22%.
Bitcoin Climbs as French Capital B Increases BTC Holdings Bitcoin (BTC) price climbed about 1% to $79,172.64, slightly underperforming a broader market that rose 0.77%, primarily driven by a confirmed bullish technical pattern and sustained institutional demand. The price climbed after French Capital B acquired 376 Bitcoin for a total of 25.3 million euros, lifting its holdings to 3,521 from 3,145. The purchase was funded after Capital B completed roughly 30.1 million euros in capital raises, including a private placement backed by investors Adam Back and TOBAM, according to a Monday announcement. The company bought the Bitcoin at an average…
The Central Bank of Nigeria (CBN) sold OMO bills totalling about N4.4 trillion across three tenors
Equities investors lost about N1.88 trillion as sell pressure in MTN Nigeria, First Holdco,
The Central Bank of Nigeria (CBN) is scheduled to conduct a primary market auction
XRP is down 1.19% to $1.39, closely tracking a broader market decline, propelled by macro-driven risk-off sentiment.
The average yield on Nigerian Treasury bills rose 2 basis points to 18.81% in the …
Oil prices rose amid growing concerns about supply security in the Middle East, driven by escalating tensions between the US and Iran and slower oil shipments through the Strait of Hormuz.
The naira traded at N1320.5574 per US dollar in the Nigerian foreign exchange market (NFEM)