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.

Russian Oil Price Dips 45% in Q1

Foreign

Russian Oil Price Dips 45% in Q1 The price of Russia’s flagship crude, Urals, recorded a drop of 45% year over year, official figures showed on Monday. The price decline threatens Moscow’s revenue amidst the ongoing war in Ukraine. Russian Urals crude oil traded at $48.92 per barrel in the January-March period, down from $88.95 per barrel in the same period last year, recording an annual decline of 45%, according to a statement by the Finance Ministry. Following the Russia-Ukraine War, Western nations imposed severe restrictions on Russia’s energy industry. On Dec. 5, the EU agreed to halt the purchase…

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