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 Rallies on Resolution to Keep Supply Tight

News

Oil Rallies on Resolution to Keep Supply Tight Despite tension in the Middle East, the global prices of crude oil rose as members of the Organisation of Petroleum Exporting Counties and allies (OPEC+) supported the group’s move to maintain tight supply. Market data for today showed that ICE Brent traded at $86.67 per barrel, up by 0.99% from the closing price of $85.82 a barrel on Wednesday. The American benchmark West Texas Intermediate (WTI) traded at the same time at $84.12 per barrel, up 0.75% from $83.49 per barrel. Prices nosedived after Saudi Arabia announced that the Kingdom remains committed…

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Exchange Rates Convergence Near Impossible in 2023 -Analysts

Markets

Exchange Rates Convergence Near Impossible in 2023 -Analysts The naira has suffered multiple jabs from the United States (US) dollar that continues to dominate foreign currency transactions activities of the Nigerians. Demand for foreign currency continues to outpace the amount available to maintain stable exchange rates. Amidst the US dollar shortage, FX inflow into the country has remained unimpressive. Last month, the Nigerian Exchange said in a report that foreign portfolio investors’ transactions value plunged by more than 8%. In the fixed income market, foreign investors’ participation has not improved due to negative interest yield amidst accelerating inflation and weak…

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Rates Slump as Investors Queue for Nigeria Treasury Bills

Markets

Rates Slump as Investors Queue for Nigeria Treasury Bills Investors continue to queue for Nigerian Treasury bills despite lower rates that expose returns to inflation surge. Though naira assets remain significantly exposed to macroeconomic woes, the market witnessed a buying momentum in the primary and secondary space last week. The average yield bumped as investors pumped funds into bills after the Central Bank of Nigeria (CBN) cut spot rates at a primary market auction conducted last week. The rates swinging came following the inability of the apex bank to meet total bids for Nigerian bills at the primary market auction,…

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