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 Falls as High FX Spreads Raise Arbitrage Opportunity

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Naira Falls as High FX Spreads Raise Arbitrage Opportunity Nigeria’s local currency, naira, tumbles to N530 a dollar, from N525 in the parallel market as high spreads raise arbitrage opportunities in the foreign exchange market. The difference between the private sector’s driven currencies markets and CBN’s official currencies trading platforms is now close to N120. While there is a possibility of about $10 billion inflow, the nation’s external reserve maintained an uptrend in the just concluded weak, but this was unable to stem naira from further depreciation, though banks maintain stable FX rate at N413. Due to the widening gaps…

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