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- Global Markets Dab on US Rate Hike Projection, AI Spending Concern
- South African Rand Weakens as Reserve Bank Holds Rates
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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.
Reflecting the global energy crisis, the cost-of-living squeeze across Europe intensified as consumer price inflation rose to 3.2% in May 2026, up from 3% in April, according to the latest economic data.
Oil Prices Surge on Middle East Hostilities, Uncertain Outlook Crude oil prices rise for their third day in a row on Wednesday, as fresh hostilities between the US and Iran cast further doubt about a fragile ceasefire. The unending attacks reduce the outlook for US-Iran peace talks, with the two sides playing cautiously over the nuclear deal and the reopening of the Strait of Hormuz. Brent crude, the global benchmark for Oil prices, is trading at $97.25 at the time of writing, about 5% up on the week and a few cents below one-week highs of $97.77. U.S West Texas…
Global equities markets surge on optimism over AI and tech stocks, as the US and Iran maintain their cool amid ongoing diplomatic talks to end Middle East tensions.
Vice President Kashim Shettima has implored state governments to unlock the potential of the 750 million dollars World Bank-assisted State Action on Business Enabling Reforms (SABER) programme.
The Central Bank of Nigeria (CBN) is scheduled to open Nigerian Treasury bills worth N700 billion across standard tenors at the primary market auction on Wednesday.
TAJBank Limited, Nigeria’s top non-interest bank (NIB), has retained its lead as the country’s biggest ethical bank, based on the 2025 regulatory-approved financial statements of all NIBs.
Oil prices edged lower on Tuesday after surging more than 5% in the previous session, as conflicting signals from Washington and Tehran over the future of US-Iran negotiations prompted investors to reassess geopolitical risks in the Middle East.
Benchmark yield on Nigerian government bonds eased slightly to 16.31% in the secondary market at the beginning of the week as investors rotated funds away from risky equities.
The Supreme Court on Monday dismissed an appeal seeking the dissolution of the merger between Providus Bank Limited and Unity Bank Plc.
The naira rallied against crosses in the currency market as proceeds from Nigeria’s hydrocarbon sales continue to boost the country’s foreign reserves.