Author: Olu Anisere
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.
Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPCL) remitted N1.804 trillion to the Federation Account.
The equities segment of the Nigerian Exchange (NGX) closed in the green as buying interest in Tier-1 banks supported a N1.36 trillion weekly gain in the local bourse.
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook.
Bitcoin (BTC) price surges to $72.8k on reports that Iran plans to toll the Strait of Hormuz with crypto payments amidst a ceasefire with the United States.
World Liberty Financial (WLFI) price declined about 3% to $0.0793 over the past 24h, hitting new all-time lows, primarily due to a project-specific liquidity crisis.
The Nigerian local currency, the naira, maintained its position in the foreign exchange (FX) market against the dominant US dollar on Friday, with the official rate closing at N1,359.
Nairobi Index Climbs as Coop Bank, Equity Group Rally Kenya: the Nairobi Stock Exchange (NSE) index is trading positively on Friday, according to stockbrokers, reflecting sustained interest in some stocks with strong upside potential. Yesterday, the Nairobi Stock Exchange’s winning streak entered its third day, with the All-Share Index (ASI) gaining 0.8% to close at 205.79. Stockbrokers reported that market jitter continues to ease after a two-week ceasefire was reached between the US, Israel, and Iran. According to market reports, the Kenyan bourse was supported by gains in stocks such as Cooperative Bank, Equity Group, KCB Group, and Safaricom Plc.…
Investors’ activity in the Nigerian bond market remained subdued amid improving macroeconomic conditions, with mixed expectations for the inflation outlook amid the Middle East conflict.
South African Rand Climbs Amid Soft Manufacturing Output The South African rand strengthened, trading at R16.39 per dollar, R19.18 per euro, and R22.00 per pound, according to a report released by First National Bank (FNB). The local currency is outperforming most emerging-market peers amid fragile optimism over the US-Iran ceasefire. However, markets remain cautious about the truce’s durability and the ongoing risks in the Strait of Hormuz. The rand’s gains come despite a broader dollar strengthening ahead of US inflation data. Meanwhile, gold has held above $4,700 an ounce, heading for a third consecutive weekly gain as the US-Iran ceasefire…
Nigeria Back From Economic Brink To Stability, Shettima Says Vice President Kashim Shettima on Thursday said Nigeria is back from the economic brink and is now on a trajectory toward renewal, stability, and shared prosperity. Shettima stated this in Abuja at the national convening and report launch on “Strengthening the Nexus Between Democracy and Economic Growth in Nigeria,” organised by the Goodluck Jonathan Foundation (GJF). The vice-president, who was the Special Guest of Honour at the event, was represented by his Special Adviser on General Duties, Dr Aliyu Modibo. Shettima noted that while the reforms of the President Bola Tinubu-led…