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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.
BUA Cement Plc’s share price declined by 10% week-on-week due to profit-taking amid a broader sell-off in the Nigerian stock market. The cement company’s share price printed at N378, though low volume was seen all week, reflecting BUA’s concentrated holding.
The market value of Wema Bank Plc.’s 40.118 billion outstanding shares declined by more than 10% over the last five trading sessions due to sell pressure to N1.203 trillion.
The Nigerian stock market shed N4.41 trillion over the last five trading sessions as investor sentiment turned negative, with some efforts channelled into portfolio rebalancing.
Bitcoin Cash price (BCHUSD) declined by 3% to $214.5 on Saturday, primarily driven by a broad market sell-off amid extreme fear sentiment.
Brent and US West Texas Intermediate (WTI) climbed as the oil market extended its weekly rally on renewed geopolitical tensions in the Middle East and concerns over disruptions to crude flows through the Strait of Hormuz.
Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.
The National Bureau of Statistics (NBS), says the total capital importation into Nigeria stood at 10,371.90 billion dollars in quarter one (Q1) 2026, representing about 84% year on year growth from the equivalent period in 2025.
Space Exploration Technologies Corp (SpaceX) is preparing for a landmark initial public offering (IPO) targeting proceeds of around $ 75 billion at an implied valuation of $1.75 trillion to $ 2 trillion.
Ethereum (ETHUSD) price fell 8.05% over the last 24 hours to $1,638.21, underperforming the broader market decline and was primarily driven by a sector-wide altcoin sell-off.
Ripple (XRP) has lost about 8% in the last 24 hours, trading at $1.10 on Friday on sustained institutional selloffs, and technical breakdown.