- GCR Affirms Sterling Bank’s Ratings With Stable Outlook
- Enugu Govt Approves Payment of N32bn Gratuity Arrears From 2000
- N156bn Debt Suit: Court Upholds UBA’s Appointment of Receiver over Stallion Group
- FG Begins Construction of 10,000 Housing Units in 14 States – Minister
- Ex-NIMASA Boss Seeks Framework to Boost Blue Economy
- NNPC Activates Emergency Response to Eleme Pipeline Explosion
- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
- British Pound Strengthens as UK Economy Beats Expectations
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.
Naira Plummets as External Reserves Surge to $36.506bn The naira depreciated by 0.13% against the US dollar in the foreign exchange market as FX liquidity in the market remained depressed. Data from FMDQ platform showed that the naira closed at ₦1,611.40 per US dollar, a 0.13% depreciation from the previous close. In the parallel market, the naira closed the day at an average of N1,576 per US dollar as FX demand for invisible payments climbed again. In the global commodity market, Crude oil declined as traders appeared unfazed by the risk of widening war between Israel and the Iran-backed militia…
Nigeria’s largest commercial banking group, Access Holdings Plc, was among the financial services stock that drove the banking index down on Monday on the
The Nigerian Exchange (NGX) market capitalisation expanded by about N112 billion on Monday after Notore Chemical lists privately sold shares in the local bourse
The Federal Government says it plans to develop standardised websites for Ministries, Departments and Agencies (MDAs) to enhance easy access to information
One of the Nigerian top lenders in the market, Fidelity Bank Plc has extended its capital raising to August 12 after the company announced decision to take
Fitch Ratings has affirmed Lagos State’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B-‘ with positive outlook.
Leadway Assurance Company Ltd. has disbursed N67.1 billion in claims for the year ended Dec. 31, 2023, indicating 16.7 per cent increase from N57.5 billion paid
Fatimo Bello has exited the table tennis event of the ongoing Paris 2024 Olympics after losing 0-4 to Jia Nan Yuan of France in the Women’s singles Round of 64.
The Microfinance Banks (MFB) has recorded impressive performance in all key assessment parameters with the total deposits surging by 168 per cent to N1.25
The Nigeria Senior National Women’s Basketball team, D’tigress, began the basketball tournament at the ongoing Paris 2024 Olympics with a 75-62 victory over