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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.
Court Grants Emefiele Bail The Federal Capital Territory High Court on Wednesday admitted the embattled former Central Bank Governor, Godwin Emefiele, to bail. The court ordered that he should be released to his counsel and must be produced in court when needed. The presiding judge, Justice Adeniyi, also ordered him to deposit all his travel documents with the court’s registrar. The judge also pointed out that there must be an end to detention, without trial. The court must also not overlook the fact that he has been in detention for 151 days and the Federal Government and the Attorney General…
The market value of Airtel Africa Plc spiked by about 30% to N6.727 trillion as the market downplayed…
The market value of MTN Nigerian Plc declined as investors continued to sell their shares in the telecom company…
Naira Mixed as Banks Receive US Dollars from CBN The naira moved in different directions on Thursday in the foreign exchange (FX) markets as the Central Bank of Nigeria (CBN) began to clear the foreign currency backlog it owed with US dollar payments to local banks. MarketForces Africa reported that about 14 banks have received payment from an estimated sum of $7 billion owed by the apex bank over the years. In an effort to stabilise the exchange rate, the apex bank said it has started paying back forex backlog. Despite the positive impacts of the move, the exchange rate…
Flour Mills Nigeria (FMN) Plc.’s revenue jumped by 33.9% year on year to N946.65 billion in the first half of its financial year
Trading activities in the fixed interest securities closed on a mixed sentiment in the secondary market …
The average yield on Nigerian Treasury bills (NTB) steadied at 6.9% in the secondary market
The Nigerian local currency, the naira, continued to recover from the demand shock launched at the Investors’ and Exporters’
Prices of crude rose further on Wednesday as the market weighed diplomatic efforts in the Middle East
The average yield on the Federal Government of Nigeria (FGN) recorded a basis point increase to 14.47%