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.

Bank of Industry Secures €60m Facility to Boost Cocoa Processing

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Bank of Industry Secures €60m Facility to Boost Cocoa Processing The Bank of Industry (BOI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa value addition drive, with a focus on processing, ingredients and chocolate manufacturing. The Managing Director of BOI, Dr Olasupo Olusi, disclosed this on Tuesday at the Cocoa Value Addition Summit in Abuja, themed “From Bean to Brand”. He said that the facility was to support the cocoa sector and would establish dedicated financing windows for cocoa processing, ingredient manufacturing, packaging, and chocolate production. “An example of this is…

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SK Hynix’s 12.8% pop, 15.4% Crash Reveals Hidden Cost of IPO hype

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SK Hynix’s 12.8% pop, 15.4% Crash Reveals Hidden Cost of IPO hype SK Hynix soared 12.8% on its Nasdaq debut on Friday. By Monday it had crashed 15.4% in Seoul, its steepest single-day fall on record, triggering a market-wide trading halt as the Kospi plunged 9%. Nigel Green, CEO of global financial advisory giant deVere Group, warns that the reversal exposes how much of the AI rally is driven by headlines, not earnings. He says: “A 12.8% pop on debut day tells you almost nothing about a company’s earnings power. “It tells you that a room full of investors got…

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OPEC Crude Oil Production Surges 3mbpd in June

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OPEC Crude Oil Production Surges 3mbpd in June Crude oil production by the Organisation of the Petroleum Exporting Countries (OPEC) rebounded in June after declining since March, rising by around 3.05 million barrels per day (mbpd) from the previous month. In June, OPEC’s total output stood at about 22 million bpd, according to the group’s latest Monthly Oil Market Report on Monday. The United Arab Emirates posted the largest monthly increase, with output rising by 1.642 million bpd to around 3.81 million bpd. Kuwait’s production climbed by 880,000 bpd to 1.45 million bpd, while Iraq increased output by 446,000 bpd…

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IRGC Claims Strikes on U.S. Targets in Jordan, Bahrain, Kuwait in Retaliation

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IRGC Claims Strikes on U.S. Targets in Jordan, Bahrain, Kuwait in Retaliation Iran’s Islamic Revolution Guard Corps (IRGC) on Monday said it had targeted U.S. bases in Jordan, Bahrain and Kuwait in retaliation for U.S. attacks against coastal Iranian provinces. The IRGC said the U.S. military had carried out airstrikes against several coastal military bases Sunday evening after the IRGC intercepted two “violating” vessels in the Strait of Hormuz. In the first phase of its retaliatory operations, the IRGC said its forces set fire to several large missile silos and fuel tanks at the Prince Hassan Air Base in Jordan…

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