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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.
Oil Prices Trend Below $75 over Lingering Demand Risk Crude oil prices are trading below $75 amidst lingering demand risk. The market witnessed a moderate rebound Thursday in oil prices, but the surge is not sufficient to upturn the large daily loss recorded on Wednesday. The global price of crude oil has come under pressure amidst conflicts in the Middle East and sluggish demand in the US, and China. Weak Chinese oil import data has added fresh concerns for the oil market. The EIA report also failed to provide support as a significant rise in the refined product inventories clouded…
Uganda’s apex bank maintained the status quo on its benchmark lending rate at 9.5 per cent row.
FX WATCH: The exchange rate settled in favour of the Nigerian naira at the official, gaining about 10% on Monday
Nigeria T-Bills Yield Sinks Ahead of CBN Auction The average yield on Nigerian Treasury bills (NTB) slumped by 26 basis points to close at 10.50% on Friday ahead of the midweek auction by the Central Bank of Nigeria (CBN). On Wednesday, the apex bank will be refinancing maturing treasury bills worth more than N104 billion as part of an effort to maintain balance in the financial system’s liquidity level. The secondary market registered increased demand from investors, this caused yield to slide across related tenors. Traders noted interest among market participants towards both short and long-tenor bills, which was also…
The average yield on Federal Government of Nigeria (FGN) bonds declined marginally as investors …
The stock market price of MeCure Industries Plc spiked by 61% to N9.21 in the last five trading sessions
Bitcoin (BTCUSD), the largest crypto on Friday rose to as high as $38,294, a price level considered as loftiest
The naira struggled to keep value across the foreign exchange market on Wednesday as the Nigerian…
The Central Bank of Nigeria (CBN) has a number of cheap loans for companies operating …
Union Bank of Nigeria (UBN) has inched closer to becoming a private company …