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.

Senate Approves N11.074trn Revenue Target for Customs

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Senate Approves N11.074trn Revenue Target for Customs The Senate Committee on Customs and Excise, on Monday, approved a ₦11 trillion revenue target for the Nigeria Customs Service (NCS). The upper chamber also approved N1.235 trillion expenditure estimate for the 2026 fiscal year, expressing confidence that the agency would sustain its reform programme and improve collections in spite of the mounting global economic uncertainties. The approval came after the Comptroller-General, Nigeria Customs Service, Mr Adewale Adeniyi, defended the Service’s 2026 budget before the committee at the National Assembly. Lawmakers commended the agency for exceeding its 2025 revenue target while acknowledging the…

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Nigeria Lost N2.376tn to Grid Underutilisation in 12 years – NISO

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Nigeria Lost N2.376tn to Grid Underutilisation in 12 years – NISO Abdu Bello, the Managing Director/Chief Executive Officer of the Nigerian Independent System Operator (NISO), says Nigeria lost over N2.376 trillion to power sector grid underutilisation in capacity payments since 2015. Bello said this at the 11th Nigeria Energy Forum 2026 (NEF-2026) Conference in Lagos. The theme of the conference is “Upscaling Value Addition for Sustainable Industrialisation”. Bello, who was represented by NISO’s General Manager, Research, Mr Deji Ojo, said the establishment of NISO was repositioning the power sector from infrastructure expansion towards operational excellence, market efficiency, reliability, and industrial…

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Align Fuel Cost With World Crude Oil Price, Lokpobiri Urges Marketers

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Align Fuel Cost With World Crude Oil Price, Lokpobiri Urges Marketers Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has urged petroleum Lomarketers to ensure that the pump prices of petroleum products reflect the recent decline in global crude oil prices. Lokpobiri made the call at a stakeholders’ meeting on cost-reflective pricing of petroleum products organised by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on Monday in Abuja. He said the meeting was convened to build consensus among industry stakeholders on reducing the prices of Premium Motor Spirit (PMS) and other petroleum products in line with…

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No Shadow Budget in Nigeria – Oyedele

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No Shadow Budget in Nigeria – Oyedele The Minister of Finance and Coordinating Minister for the Economy, Taiwo Oyedele, says the Federal Government does not operate a shadow budget. Oyedele, who said this in a statement on Monday in Abuja, also said that the government does not expend public funds outside the constitutional and statutory framework established for public finance. The minister was reacting to claims by the International Monetary Fund (IMF) office in Nigeria. The IMF Resident Representative in Nigeria, Christian Ebeke, had said that the country failed to formally record public spending equivalent to two per cent of…

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