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.
Money Market Rates Mixed as Liquidity Drops by 39% Money market rates showed mixed performance as liquidity in the financial system decreased by over 39% due to deposit money banks reducing their placements at the Central Bank’s Standing Deposit Facility. The short-term benchmark interest rates showed varied trends on liquidity drop, while some market analysts anticipate an open-market operation by the authorities to tighten liquidity. System liquidity declined by 39.28% to N3.56 trillion, primarily due to a 35.91% reduction in the Standing Deposit Facility balance, which fell to N3.46 trillion. This came in addition to a 41.28% reduction in banks’…
Africa Finance Corporation (AFC), the continent’s leading infrastructure solutions provider, today announced that its Board has approved a commitment of up to US$100 million to invest in Africa-focused technology fund managers.
The South African Rand (ZARUSD) traded in a range against Western currencies on Tuesday, ahead of the April inflation rate figure due for release.
Sectoral rotation in the Nigerian Exchange (NGX) trading platform plunged the local bourse’s key performance indicators lower on Monday.
Equity investors trading highs and lows on the Nigerian Exchange (NGX) lost about N81 billion as the local bourse experienced significant selling pressures in key stocks.
The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.
NAICOM Calls for Stronger Consumer-Focused Insurance Practices The National Insurance Commission (NAICOM) has urged insurance operators to embrace customer-centred reforms to rebuild public trust and deepen insurance penetration in Nigeria. The Commissioner for Insurance and Chief Executive Officer of NAICOM, Mr Olusegun Omosehin, made the call at the opening ceremony of the 2026 Insurance Week in Lagos on Monday. Omosehin, who was represented by the Deputy Commissioner for Insurance, Finance and Administration, Mr Ekerete Ola Gam-Ikon, emphasised the need for insurers to shift from product-driven strategies to solutions tailored to customers’ needs. According to him, a recurring criticism of the…
Ripple (XRP) price dropped by about 3% to $1.38 on Monday, underperforming a broadly weaker crypto market amid a macro risk-off sell-off.
Offshore or foreign portfolio investment inflows accounted for more than 59% of the US dollars available at Nigeria’s foreign exchange market, details released by the research unit of Coronation Merchant Bank Limited revealed.
Nigeria Eurobonds Yield Climbs as Inflation Shifts Sentiment Nigeria’s Eurobond prices declined in the international market as foreign portfolio investors and other holders offloaded the sovereign paper across the mid- and long-end of the curve. The Riskoff sentiment lifted yields on the authority’s dollar bonds, reflecting higher borrowing costs amid accelerating headline inflation. Traders said offshore investors reacted negatively to the recent surge in the consumer price index, despite the view that Nigeria is less exposed to the negative effects of the Middle East conflicts. While Nigeria is an apparent winner, the people are suffering from higher petroleum prices following…