- ChatGPT, Claude, Grok Others Down as AI Bots Malfunction
- Nigeria, IEA Sign Energy Data Partnership
- FTSE Frontier Reclassification: 10 Nigerian Equities Set for Greater Global Investor Attention
- SEPLAT, UPDCREIT Boost NGX Index, Investors Gain N238bn
- BTC, ETH, XRP Rally Boost Global Crypto Market Cap to $2.7trn
- NAICOM Unveils ISSP to Advance Insurance Penetration
- Asian Nations Rush to Expand Energy Storage After Strait of Hormuz Crisis
- Bank of Industry Signs N274.18bn Development Bond
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.
The Nigerian Exchange (NGX) market capitalisation inched near the N160 trillion mark on Thursday as financial stocks rallied following sell pressures during the midweek session.
South African Rand (ZAR) firmed up on Thursday as markets price in a monetary policy rate …
Trading activity in the Nigerian Treasury bills (NTB) secondary market was mildly positive…
Wall Street Bets Drive Crypto Market Shift, Tokenisation Opens New Frontier Unlike previous bull markets that relied heavily on retail speculation, today’s market is increasingly influenced by regulated investment products, professional asset managers and long-term capital allocation decisions. Bitcoin remains the primary beneficiary of institutional demand, while Ethereum continues attracting investors interested in blockchain innovation. XRP, meanwhile, is carving out a distinct role through enterprise payments and financial infrastructure. Although cryptocurrency markets remain volatile, analysts agree that institutional participation is likely to remain one of the strongest long-term drivers of digital asset adoption. The renewed interest marks a significant shift…
Bitcoin ETFs Attract Fresh Investor Funds, Institutional Demand Rebounds Bitcoin exchange-traded funds (ETFs) continued to attract fresh investor capital this week, signalling renewed institutional interest in the world’s largest cryptocurrency even as market participants remain cautious about price volatility and broader economic risks. Price is hovering above $66k after a failed attempt to top $68 on Wednesday, with substantial volume and transaction growth. Data compiled by Farside Investors showed that U.S. spot Bitcoin ETFs recorded a combined net inflow of about $69.1 million on July 22, extending a recent run of positive flows. The inflows followed approximately $203.2 million in…
Transnational Corporation Plc’s earnings per share (EPS) shrank in the first half of 2026 due to a 17% year-on-year decline in profitability to N54.4 billion, its unaudited financial statement revealed.
Led by US and European indices, the global markets edged higher as investors piled into chipmakers on AI trade conviction, with Anthropic doubling down on mid-term spending to $40 million to advance AI regulation.
FirstHoldco Plc slipped in the stock market due to moderate profit-taking, as investors begin to look more closely at the financial services company’s earnings quality.
Financial system liquidity surged by about 72% to N3.10 trillion, supported by N1.46 trillion in inflows from matured OMO bills that were not refinanced by the Apex Bank.
External Reserves Stand at $52bn – Cardoso The Governor of the Central Bank of Nigeria (CBN), Yemi Cardoso, says Nigeria’s foreign exchange reserves has presently risen to 52.52 billion dollars. Cardoso said this on Tuesday in Abuja, while presenting a communique issued at the end of the 306th meeting of the apex bank’s Monetary Policy Committee (MPC). He had earlier announced the decision of the MPC to retain the Monetary Policy Rate (MPR) at 26.5 per cent. The committee also retained the Standing Facilities Corridor around the MPR at +50/-450 basis points. Cash Reserve Requirement (CRR) for Deposit Money Banks…