- GCR Affirms Sterling Bank’s Ratings With Stable Outlook
- Enugu Govt Approves Payment of N32bn Gratuity Arrears From 2000
- N156bn Debt Suit: Court Upholds UBA’s Appointment of Receiver over Stallion Group
- FG Begins Construction of 10,000 Housing Units in 14 States – Minister
- Ex-NIMASA Boss Seeks Framework to Boost Blue Economy
- NNPC Activates Emergency Response to Eleme Pipeline Explosion
- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
- British Pound Strengthens as UK Economy Beats Expectations
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 topped the $107,000 price level in the global cryptocurrency markets before the orange coin retreated due to easy profit-taking by retail investors. The world’s largest crypto asset has now settled at $106,500 while Ethereum traded near $4,000—
$1trn Economy: SEC DG Lists Factor Constraining Capital Market’s Potential Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Tuesday in Lagos. Agama, represented by SEC’s Lagos Zonal Director, Mr John Briggs, spoke on the theme: “The Role of the Capital Market in Driving Nigeria’s One Trillion Dollar Economy”. He said that these challenges must be addressed, to achieve the full…
Oil prices dipped on Tuesday in the global commodity market as demand pressures persist due to weak economic data and the U.S. amidst more sanctions on Russian tankers by the European Union.
Nigerian Treasury Bills Yield Shrinks to 25.7% vs Inflation As demand for naira assets increased, the average yield on Nigerian Treasury bills declined by 5 basis points in the secondary market to settle at 25.7% following an accelerated inflation rate for November 2024. The increase in consumer price index has further widened the real return on Treasury bills in spite of the latest benchmark interest rate adjustment. Despite strong investors’ appetite, the real return gap in the Treasury bills segment has inched above 7% after the authority hiked the policy rate to 27.50% versus a 34.60% inflation count. In the…
Foreign portfolio investors (FPIs) trimmed interest in Nigeria’s Eurobonds as headline inflation surged to 34.60%
Interbank rates eased in the money market following a moderate inflow and signature bonus that boosted the balance in the financial system at the beginning of the week. The market also received N9.52 billion in FGN coupon payments.
Africa Needs $74bn Debt Service – AfDB Chief Economist Prof. Kevin Urama, Chief Economist and Vice President, Economic Governance and Knowledge Management, African Development Bank (AfDB), says the continent needs 74 billion dollars in 2024 for debt service. Urama disclosed this at the launch of the Debt Management Forum for Africa (DeMFA) and its innaugural policy dialogue on Monday in Abuja. The theme of the dialogue is; “Making Debt Work for Africa: Policies, Practices, and Options”. He cautioned that the actual figure could be higher if hidden debt and contingent liabilities were accounted for. Umara said, “According to the African…
Nigeria’s headline inflation increased by 72 basis points to 34.60% year on year in November due to price instability, from 33.88% in October, according to the statistics office.
FG, Foreign Partners Sign Letter of Intent to Improve Healthcare The Federal Government has signed two letters of intent with foreign healthcare companies to enhance healthcare access and capacity in Nigeria. The Ministry of Health and Social Welfare disclosed this in a statement issued in Abuja on Sunday, by the Deputy Director, Information and Public Relations, Mr Alaba Balogun. According to the statement, the agreements involve Siemens Healthineers’ Nigerian partner, Tanit Medical Engineering, and Abbott Laboratories GmbH. The Memorandum of Understanding (MoU) outlines the Presidential Initiative for Unlocking the Healthcare Value Chain (PVAC) and reaffirms the Federal Government’s commitment to…
FG Allocates N80bn for Construction of 4 New Institutions in Zaria The Federal Government has commenced construction of Federal College of Nursing and Midwifery in Zaria, Kaduna State to address shortages of human resources in the health sector. The other three institutions to be constructed are; Federal College of Education, Federal Open University and Federal College of Legal Studies. Performing the ground breaking ceremony for the institutions in Zaria on Sunday, Dr Abbas Tajuddeen, Speaker of the House of Representatives said the projects, which has 18 months completion period would gulp N80 billion. He said the instructions were established after…