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.

MeCure Industries Halts Uptrend, Keeps 265% Gain

Analysis

MeCure Industries Halts Uptrend, Keeps 265% Gain MeCure Industries Plc’s share price settled at N10.80 on Friday, translating to market capitalisation of N43.2 billion. The share price flattened after it lost N1.20 from its opening price of N12. Recall that Mecure Industries became a public company after it listed 4 billion ordinary shares on the Nigerian Exchange on November 7, 2023, at a valuation of N11.76 billion. MarketForces Africa reported that Mecure Industries listed 4 billion shares at N2.96 on November 7, 2023. The company share price opened the year 2024 at N12, though it had peaked at N13 last…

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Oil Prices Trend Below $75 over Lingering Demand Risk

News

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…

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Nigeria T-Bills Yield Sinks Ahead of CBN Auction

News

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…

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