- 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.
AfDB to Launch Debt Management Forum for Africa The African Development Bank (AfDB) group is to launch the Debt Management Forum for Africa (DeMFA). DeMFA is a new platform aimed at promoting high-level dialogue on debt productivity and sustainability across the continent. A statement by the bank on Sunday added that the launch will take place on Monday and Tuesday in Abuja. The launch will also bring together Africa’s Ministers of Finance, central bankers, debt managers, policymakers, experts and relevant stakeholders. Participants will exchange views and lessons on challenges related to Africa’s debt vulnerabilities. According to the bank, the DeMFA…
ECOWAS Issues Deadline to Bukina Faso, Mali, Niger The authority of ECOWAS heads of state and government on Sunday set Jan. 29, 2025 to July 29, 2025 as a transitional period to keep ECOWAS doors open to Burkina Faso, Republic of Mali and the Republic of Niger. Dr Omar Touray, President of the ECOWAS Commission, said this while reading the Communique at the end of the 66th Ordinary Session of the Authority of Heads of State and Government, in Abuja. He said the authority had taken note of the notification by the three countries of their decision to withdraw from…
Nigerian Exchange Crosses N60Trn as Investors Gain N374bn Equities investors gained more than N374 billion on the Nigerian Exchange (NGX) trading platform as oil stocks Oando Energy and Aradel Holdings drove momentum. The local bourse sustained its positive streak, closing trading activities for the week in the green with key market performance indicators up by +0.63% on Friday. Stockbrokers noted that buying interest in some blue-chip and mid-tier stocks and others fuelled the market’s strong performance. The Nigerian Exchange All-Share Index rose by 617.47 basis points today, up by 63 basis points to close at 99,378.06. Given the trading direction,…
The Securities and Exchange Commission (SEC) has said the Federal Government of Nigeria issued six sovereign sukuk worth N1.1 trillion
The Central Bank of Nigeria (CBN) conducted foreign exchange market intervention sales on Thursday to defend the naira further.
Equities investors combined wealth rose by N152 billion as bargain hunting lifted the Nigerian Exchange (NGX) All Share Index. On Thursday, the equities market sustained its positive momentum as key performance indicators rose by 0.25% apiece.
Conoil and Guinness Nigeria Plc are driving intraday gain in the equities segment of the Nigerian Exchange (NGX) on Thursday, sustaining the latest rally.
Conoil Hits Fresh 52-Week High over Fresh Rally Conoil Plc market value hit a new 52-week high as demand for oil stock increased. Its market value increased by 10% on the day as oil and energy stocks continue to attract investors. The oil stock uptick came as the market began to prepare for the last lap of value hunting ahead of fourth quarter of 2024 earnings festival. The latest rally was driven by investors’ sentiment on expectation that the group earnings will remain uptrend, while the market anticipated sustained dividend payments. Data showed that the company share price has inched…
Crude Oil Prices Rise over Positive Demand Expectations Oil prices jumped higher on Wednesday in the global commodity market due to positive demand expectations in China. The outlook was supported by report on Beijing economic stimulus measures to boost domestic growth amidst risk of higher tariff by the U.S in 2025 Brent climbed to $72.15 per barrel, while the US benchmark West Texas Intermediate also increased to $68.42 per barrel. The Chinese government held a meeting on Monday to discuss and analyse the economic policies for 2025. At the meeting, a call was made to follow a more active budget…
Aradel Holdings Plc has reached an agreement to acquire 5.14% equity interest in Chappal Energies Mauritius Limited, according to a regulatory filing.