- Reforms Restoring Stability, Investor Confidence – Tinubu
- Oil Prices Dip Below $90 on Potential US-Iran Deal
- ECB Hikes Rates 25bps, Targets 3% Inflation for 2026
- Rand Slides as World Bank Cuts South Africa’s 2026 GDP Growth
- Wall St, European Markets Surge on AI Stock Rally Ahead of SpaceX Debut
- Fitch Affirms African Development Bank at ‘AAA’, Outlook Stable
- Naira Depreciates as Interbank FX Turnover Declines
- Equities Investors Lose N73bn as Nigerian Exchange Index Dips
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.
Nigeria Deepens Regional Influence With $500K Investment The Federal Government of Nigeria has committed 500,000 dollars to AFRITAC West 2 Phase III, reinforcing efforts to strengthen policy capacity and macroeconomic management across West Africa. The agreement was signed during the IMF/World Bank Spring Meetings involving senior officials from the International Monetary Fund (IMF) and the Central Bank of Nigeria (CBN), on Friday in Washington. AFRITAC West 2 (AFW2) is an IMF-supported regional technical assistance centre based in Accra, Ghana, that strengthens economic institutions in six West African nations, Cabo Verde, the Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. As part…
CBN, FMDA Announce New Money Market Benchmark The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers. Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). Mrs Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department, (NOFR) said this in a statement issued in Abuja on Friday. According to Sidi-Ali, this is a standardised benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market. Sidi-Ali said that NOFR was developed to align Nigeria with global best practices in short-term interest rate benchmarks. According to her, it is expected to improve…
Solana’s (SOL) price climbed 3.33% to $87.90 on Friday as investors rallied their positions amid a sharp increase in Solana’s non-USDC (Cycle)/USDT (Tether) stablecoin supply.
A reversal to disinflation stoked selling pressure in Nigerian bonds, as investors’ returns came under risk amid spot rate repricing across the fixed-income market.
The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (NFEM), appreciating by 11bps or ₦1.44 against the U.S. Dollar.
Nigeria Has No Immediate Need For IMF’s Support – Edun The Minister of Finance, Wale Edun, says Nigeria has no immediate plans to approach the International Monetary Fund (IMF) for financial assistance. Edun made this known at the African Finance Ministers’ briefing, during the IMF/World Bank Annual Meetings, on Thursday in Washington. He said that the reliance on ongoing domestic economic reforms was working. The minister said that Nigeria’s reforms over two years had restored policy credibility and strengthened resilience against global economic shocks affecting many African economies. He said that the country had prioritised market-based adjustments, avoiding administrative controls,…
ActionAid Nigeria (AAN) has urged the Federal Government (FG) to undertake a comprehensive and transparent review of all revenue deduction frameworks to ensure accountability, justification and full public disclosure.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed optimism that the FCT Administration will achieve 80 per cent implementation of its 2026 budget by January, 2027.
Oil Prices Up as U.S. Plans to Sanction Iran’s Crude Buyers Oil prices edged higher on Thursday as US warnings of potential secondary sanctions on buyers of Iranian oil heightened supply concerns, while a larger-than-expected drop in US crude inventories supported a high-demand outlook. International benchmark Brent crude futures traded at $94.94 per barrel, up around 0.01% from the previous close of $94.93. US benchmark West Texas Intermediate (WTI) rose about 0.3% to $91.57 per barrel, compared with $91.29 in the previous session. Prices found support from signals that the US could impose “secondary sanctions” on countries purchasing Iranian oil.…
AI, Tech Stocks Power Wall Street to Record Highs Tech stocks are powering stock markets to fresh record highs as easing geopolitical tensions are helping “accelerate the next phase of the AI and tech-led bull market.” This is the bullish analysis from the CEO of global financial advisory giant deVere Group as Wall Street’s S&P 500 and Nasdaq both closed at new all-time highs on Monday, with the tech-heavy index extending its winning streak to 11 consecutive sessions. The move comes as expectations build around a potential de-escalation between the US and Iran, after President Trump said a deal to…