- XRP Price Falls 5% on ETF Outflow, Inflation Concerns
- Brent Crude Drops Below $90 as US-Iran Favour Negotiation
- Dangote Cement: London Listing Withdrawal Redefines Market Narrative
- Tinubu Unveils Pension, Healthcare Initiatives to Boost Retirees’ Welfare
- FCCPC to Monitor Petrol Pump Price as Oil Dips Below $90
- NERC Approves N30bn to Meter Electricity Customers
- Exchange Rate Weakens Near N1,351 as Naira Faces Selloffs
- Senate Probe: Kyari Insists N210trn NNPC Funds Not Missing
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.
FCT-IRS Pledges Aggressive Enforcement Against Tax Defaulters in 2025 The Federal Capital Territory Internal Revenue Service (FCT-IRS) says it will carry out aggressive enforcement against tax defaulters in 2025. The acting Executive Chairman of the service, Mr Michael Ango disclosed this at the 2024 end of year media briefing, in Abuja on Thursday. Ango explained that the enforcement would be carried out after massive public enlightenment on residents’ tax obligations and opportunity to voluntarily comply. He said that the service would extend the enforcement to all taxpayers, adding that the FCT-IRS would not hesitate to impose the necessary sanctions and…
Alleged N110bn Fraud : Court Admits Yahaya Bello to N500m bail A Federal Capital Territory High Court on Thursday, admitted the immediate past Governor of Kogi, Yahaya Bello, to bail in the sum of N500 million with three sureties in like sum. Justice Maryann Anenih had, on Dec. 10, refused the ex-governor’s bail application, saying it was filed prematurely. While delivering the initial ruling, she said, having been filed when the 1st defendant was neither in custody nor before the court, the instant application was incompetent. There was, however room for the governor’s lawyers to file a fresh application for…
Gov. Dikko Radda of Katsina State has signed the N692.2 billion 2025 budget into law. The governor submitted N682,244,449,513,87 to the state assembly for consideration and approval.
Oil prices rose in the global commodities market on Thursday as the U.S. Federal Reserve’s fund rates cut boosted expectations that demand would increase.
Positive Demand Outlook Raises Crude Oil Prices Positive demand outlook in the United States lifted crude oil prices higher in the global commodity market on Wednesday. Latest data indicates there will be an increase in oil demand in the US, the world’s largest crude consumer. This is coming as the market expects U.S Federal Reserve’s rate cut to reduce pressure on global energy costs, an expectation that is further supported by weak dollar index. Brent crude rose by 0.36% to 73.28 per barrel, up from the previous session’s close of $73.01. The US benchmark West Texas Intermediate also increased by…
The average yield on Federal Government of Nigeria (FGN) bonds increased slightly following soft but bearish trading activities in the secondary market.
Vinicius Jr Named FIFA Best Men’s Player for 2024 Real Madrid and Brazil forward Vinicius Junior was voted as FIFA’s Best men’s player for 2024 on Tuesday. The 24-year-old, who helped Real Madrid win the Champions League and La Liga, beat nine other nominees including Ballon d’Or winner Rodri and record winner Lionel Messi. It is his first major international award. He skipped the rival Ballon d’Or ceremony in October after being angry about not winning. The awards were held at a dinner attended by FIFA President Gianni Infantino in the Qatari capital Doha, announced at one day’s notice. Most…
Bitcoin topped the $107,000 price level in the global cryptocurrency markets before the orange coin retreated due to easy profit-taking by retail investors. The world’s largest crypto asset has now settled at $106,500 while Ethereum traded near $4,000—
$1trn Economy: SEC DG Lists Factor Constraining Capital Market’s Potential Securities and Exchange Commission (SEC) has identified limited investor participation, regulatory hurdles and macroeconomic instability as key obstacles hindering the capital market’s contribution to the nation’s one trillion dollar economic goal. The Director-General of SEC, Dr Emomotimi Agama, said this at the 2024 SEC Journalists Academy held in Tuesday in Lagos. Agama, represented by SEC’s Lagos Zonal Director, Mr John Briggs, spoke on the theme: “The Role of the Capital Market in Driving Nigeria’s One Trillion Dollar Economy”. He said that these challenges must be addressed, to achieve the full…
Oil prices dipped on Tuesday in the global commodity market as demand pressures persist due to weak economic data and the U.S. amidst more sanctions on Russian tankers by the European Union.