- Equities Investors Gain N3.16trn as Nigerian Stocks Rebound
- Mining Firms Risk Losing Titles Over Community Agreement Breaches- Alake
- WHO Initiates Clinical Trial for New Ebola Treatment in DR Congo
- FG Clears N39.6bn Pension Arrears
- Google Play Launches $1m Fund to Boost African Game Developers
- SEC Clears 7 New Fintech Firms for ARIP
- Global Markets Rally Amidst Tech Stocks Valuation Concerns
- Oil Rallies as Markets Balance Demand, Supply Equation
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.
A total of 464 in the S&P 500 that have declared their earnings for the first quarter of 2026 surpassed expectations, South African Oldest Bank, First National Bank (FNB) said in a brief on Friday.
Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook Fitch Ratings has affirmed Bank of America Corporation’s (BAC) Long- and Short-Term Issuer Default Rating (IDRs) at ‘AA-‘ and ‘F1+’, respectively. In addition, Fitch has affirmed Bank of America, N.A.’s (BANA) Long- and Short-Term IDRs at ‘AA’ and ‘F1+’, respectively. The rating outlook on the Long-Term IDRs is Stable, according to Fitch. BAC’s intrinsic creditworthiness, as expressed by its Viability Rating (VR) of ‘aa-‘, drives its IDRs. Fitch said the VR reflects BAC’s leading franchise in many of its core businesses, its diversified business mix and consistent strategy, which ratings…
Oil prices increased on Friday despite optimism over US-Iran talks, suggesting tensions in the region could ease, while markets continued to price in the risk of renewed escalation in the conflict.
Global equities markets closed mostly higher as renewed hopes for a United States-Iran agreement boosted sentiment and eased pressures on oil prices.
The Nigerian overnight financing rate (NOFR) was steadied at 22% amid fluctuations in banking system liquidity, market analysts said in a separate report.
Binance Coin (BNB) price rose to $657.45, outperforming a flat Bitcoin and showing alpha, primarily driven by steady ecosystem momentum and a favourable shift in altcoin sentiment.
Bank of America today announced that Anthony DiBlasi, managing director for Merrill Lynch for San Diego, will become its new San Diego president.
Global equities rallied as easing inflationary concerns on the back of optimism around a potential United States-Iran peace agreement boosted investor sentiment across major markets.
SpaceX’s IPO filing – the biggest in history – shows AI’s next trillion-dollar trade is infrastructure, not software, affirms the CEO of global financial advisory giant deVere Group.
NGX Slips, Investors Lose N1.6trn as Stocks Hit Overbought The Nigerian Exchange (NGX) All-Share Index slipped on Wednesday amid profit-taking, resulting in a N1.62 trillion decline in market capitalisation. The stock market closed on a negative note, with key performance indicators showing mixed results. The market experienced selling pressure amid signals that some stocks were trading at overbought levels, triggering a fresh price correction. The NGX-ASI declined by – 1.02%, while the market capitalisation decreased by -1.00%, according to a slew of stockbrokers’ notes reviewed on Wednesday. The mixed performances of these indicators can be attributed to the additional listing…