- U.S Places 10 Countries on Currency Manipulation Watch List
- XRP Dips, Ripple Launches Ripple Mint for RLUSD Stablecoin
- Global Markets Dab on US Rate Hike Projection, AI Spending Concern
- South African Rand Weakens as Reserve Bank Holds Rates
- Microsoft Projected to Maintain Earnings Momentum
- Investors Optimistic Ahead of Apple Inc. Q3 Earnings
- PayPal Sets for Q2 Earnings Release
- Otti Backs $13.1m CNG Project in Abia
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.
Iran on Monday suspended high-stakes negotiations with the United States to protest Israel’s expanding military offensive in Lebanon, according to government-aligned media, complicating efforts to end the three-month war.
Rand is trading steady against the US dollar, Euro and British pound on Monday as markets continue to digest the South African Reserve Bank (SARB)’s 25-basis-point interest rate hike last week.
The global markets were mixed as artificial intelligence (AI) and tech stocks drove Wall Street higher last week, supported by optimism over US-Iran peace talks.
Money market liquidity topped N6 trillion at the close of the trading session last week despite a substantial rise from the open market operation conducted by the Apex Bank.
Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.
Aradel Holdings Plc added 5.3% to its market value amid a surge in demand for oil stocks; its price appreciation was primarily driven by volume, despite a missed regulatory filing. Trading data from the Nigerian Exchange (NGX) showed that the volume of Aradel shares transacted was moderate.
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
Binance Coin (BNB) sustained momentum, up 7.3% to $722.88 over 24 hours, driven by high-volume spot buying and rotation into altcoins.
Moody’s Ratings (Moody’s) has changed the outlook on the Government of Mali to negative from stable and has affirmed the local- and foreign-currency long-term issuer ratings at Caa2.
Hedera (HBARUSD) gained 5.02% over 24 hours to $0.0975, significantly outperforming a flat Bitcoin and the broader market, driven primarily by a surge in leveraged derivatives positioning and whale accumulation.