Author: Olu Anisere
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.
Jaiz Bank Plc lost more than 18% of its market value over the last five trading sessions in the Nigerian Exchange (NGX), extending its losses despite a strong rally in the local bourse.
The Central Bank of Nigeria (CBN) allotted N4.77 trillion in OMO bills to investors across primary market auctions conducted in February, as part of efforts to reduce excess liquidity in the financial system.
Oil prices edged higher on Friday as disruptions to shipments through the Strait of Hormuz following attacks on Iran continued to fuel supply concerns.
Tinubu Resolves OPL 245 Dispute with ENI, Unlocks Deepwater Investment President Bola Tinubu on Thursday announced the successful conclusion of a settlement agreement between the Federal Government, Eni and Nigerian Agip Exploration Limited over Oil Prospecting Licence (OPL) 245. Tinubu announced the agreement at a meeting in his office attended by the Chief Executive Officer of Eni, Claudio Descalzi and other senior officials. Others present included Eni’s Chief Operating Officer, Guido Brusco, Head of Sub-Saharan Region, Mario Bello, and Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga,…
Oil Prices Surge over Lingering Supply Risks Oil prices surged on Thursday as lingering Middle East tensions strengthened supply concerns and risks. Brent crude traded at $82.84 per barrel, up 2.5% from the previous close of $80.76. US benchmark West Texas Intermediate (WTI) increased 2.6% to $76.53 per barrel, compared with $74.59 in the previous session. Prices had eased late on Wednesday amidst rumours of potential talks between the US and Iran. Market worries persist, particularly over the fate of shipments through the Strait of Hormuz, a route that carries roughly one-fifth of global oil and LNG supply. US Treasury…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
Selloffs in Dangote Sugar Refinery, Jaiz Bank, and other decliners dragged the Nigerian Exchange (NGX) market capitalisation down by about N102 billion on Wednesday.
The Debt Management Office (DMO) has listed two Federal Government of Nigeria (FGN) savings bonds for subscription at N1,000 per unit.
Naira Depreciates for 10-Day Straight, FX Gap Narrows The Nigerian naira weakened against the US dollar for 10 consecutive days as foreign payments pressures continue to outpace FX liquidity. Daily FX data published by the Central Bank of Nigeria (CBN) showed that the local currency weakened against the greenback again, depreciating by ₦6.27/US$ to close at ₦1,384.29/US$ from ₦1,378.02/US$ previously. Based on data from the CBN, Fx largely traded within the low and high bands of ₦1,370.00/US$ and ₦1,450.00/US$, respectively, on Tuesday. The local currency has been under pressure even with the $200 million FX sales intervention last week. The…
China Declares Readiness to Begin its 15th Five-Year Plan Liu Jieyi, Deputy Secretary-General of China’s top political advisory body and spokesperson for the Chinese People’s Political Consultative Conference (CPPCC), says the country is ready to begin its 15th Five-Year Plan. Liu disclosed this during a global news conference organised by the CPPCC National Committee on Tuesday at the Great Hall of the People in Beijing, China. The conference was held to brief Chinese and foreign journalists on China’s readiness to host its two major political events. The events, namely the 4th Session of the 14th CPPCC National Committee and the…