- 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.
Cardano (ADAUSD) gained 2% over the past 24 hours to $0.23699, outperforming a flat Bitcoin, primarily driven by strong on-chain accumulation and network confidence.
The Nigerian Exchange (NGX) delivered a 60.90% return from January to May 2026, driven by persistent demand for stocks of local companies across sectors.
BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst Binance coin (BNB) gained 5.9% in 24 hours to $672.93, significantly outperforming a flat broader market, primarily driven by a new airdrop that rewards BNB holders. Binance announced Genius Terminal as its 65th HODLer Airdrop project on May 30, distributing 10 million GENIUS tokens to users who held BNB in Simple Earn or On-Chain Yields between May 11–13, 2026. This program directly incentivises holding and staking BNB, creating immediate buy-side pressure as users may have increased positions to qualify or held through the snapshot. The move is driven by BNB’s core…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N7,655.73 recorded in March to N8,706.93 in April.
With the FTSE 100 bearish and Wall Street bullish, global markets’ trading direction diverges amid renewed optimism following the US-Iran decision to extend the ceasefire, despite reported military attacks between Washington and Tehran.
Bitcoin, Ethereum, Binance Coin, and Ripple’s XRP plunged as renewed tensions in the Middle East triggered about $1 billion in cryptocurrency liquidations.
The South African Reserve Bank (SARB) raised interest rates by 25 basis points, citing escalating global inflation risks linked to the ongoing Middle East crisis and mounting pressure on domestic fuel and food prices.
The South African rand (ZAR) depreciates against crosses such as the US dollar, Euro, and sterling on Thursday ahead of the Reserve Bank’s interest rate policy decision.
Global Equity Market Mixed, FTSE 100 Climbs, Wall St. Steadies Global equity markets continue to face pressure from geopolitical instability, which is affecting buying interest in the stocks of some cross-border policy-exposed companies. The market sentiment weakened following renewed attacks between the U.S. and Iranian military near the Strait of Hormuz, amidst diplomatic talks to end the war that started in February. Asian markets are trading lower on Thursday, First National Bank (FNB) said in a morning brief, a downbeat action linked to renewed uncertainty over United States-Iran talks and disruptions to oil flows. In the same vein, the Hang…
U.S., Iran Trade Attacks Near Strait of Hormuz Amid Ceasefire The United States and Iran again exchanged attacks near the Strait of Hormuz early on Thursday amid a ceasefire and ongoing negotiations on ending the war. The U.S. military attacked an Iranian position from which drones were being controlled, a U.S. official said. U.S. forces also shot down four drones that posed a threat to the U.S., the official said, adding that the targeted position in the southern Iranian port city of Bandar Abbas had been preparing to launch a fifth drone. “These actions were measured, purely defensive, and intended…