- 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.
The benchmark yield on Nigerian government bonds increased by 10 basis points week on week in the secondary market, reflecting investors’ risk-off sentiment in the debt instruments.
Moody’s Ratings has changed the Government of Ghana’s outlook to positive from stable and affirmed the long-term issuer ratings in local and foreign currency, as well as the foreign-currency senior unsecured debt ratings at Caa1.
Ripple (XRP) dipped 2.02% to $1.33 over the past 24h, underperforming Bitcoin’s 3.01% decline, amid a broader market sell-off driven by geopolitical tensions.
Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPCL) remitted N1.804 trillion to the Federation Account.
The equities segment of the Nigerian Exchange (NGX) closed in the green as buying interest in Tier-1 banks supported a N1.36 trillion weekly gain in the local bourse.
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook.
Bitcoin (BTC) price surges to $72.8k on reports that Iran plans to toll the Strait of Hormuz with crypto payments amidst a ceasefire with the United States.
World Liberty Financial (WLFI) price declined about 3% to $0.0793 over the past 24h, hitting new all-time lows, primarily due to a project-specific liquidity crisis.
The Nigerian local currency, the naira, maintained its position in the foreign exchange (FX) market against the dominant US dollar on Friday, with the official rate closing at N1,359.
Nairobi Index Climbs as Coop Bank, Equity Group Rally Kenya: the Nairobi Stock Exchange (NSE) index is trading positively on Friday, according to stockbrokers, reflecting sustained interest in some stocks with strong upside potential. Yesterday, the Nairobi Stock Exchange’s winning streak entered its third day, with the All-Share Index (ASI) gaining 0.8% to close at 205.79. Stockbrokers reported that market jitter continues to ease after a two-week ceasefire was reached between the US, Israel, and Iran. According to market reports, the Kenyan bourse was supported by gains in stocks such as Cooperative Bank, Equity Group, KCB Group, and Safaricom Plc.…