- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
- British Pound Strengthens as UK Economy Beats Expectations
- US, European Markets Rise as Global Risk Appetite Improves
- XRP Rebounds on Ripple Banking Partnership for RLUSD
- Oil Dips as IEA Members Agree on Emergency Stocked Crude Release
- Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index
- EU Leaders Call for Measures to Tackle Soaring Energy Prices
- World Bank Mobilises $112bn Private Capital to Boost Job Creation
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.
Apapa Customs Seizes Goods Worth N22.8bn in 2023 The Nigeria Customs Service (NCS), Apapa Command, said it made 54 seizures with a Duty Paid Value of N22.8 billion in 2023. The Customs Area Controller of the Command, Comptroller Babajide Jaiyeoba, said this in a statement on Friday in Lagos. CSC Abubakar Usman, Public Relations Officer of the command, signed the statement. Jaiyeoba said the seizures comprise prohibited goods, foreign parboiled rice and vegetable oil, among others. “These seizures were made due to infraction import/export prohibition lists, false declarations and others. A breakdown of the seizures comprises prohibited goods such as…
A global rating agency Fitch Ratings assigned Oyo State a ‘B-‘ Long-Term IDR with a stable outlook,
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has pledged to foster …
Alleged N1bn Bribe: Court Reserves Ruling in Trial-within-Trial Filed By Ex-BPE DG
A Unity Bank customer, Mr. Musa Dayyabu, has emerged winner of One Million Naira in the ongoing cash reward Promo
The Institute of Chartered Secretaries and Administrators of Nigeria (ICSAN) has announced the
Some rice traders in Lagos have lamented the inability of local rice farmers to meet the growing demand
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…
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…
Uganda’s apex bank maintained the status quo on its benchmark lending rate at 9.5 per cent row.