- Jim Obazee Seeks Posthumous Prosecution of Nigeria Ex-President Buhari over Alleged $6. 2m Loot
- PEBEC Says 98% of MDAs Meet Service Delivery Standards
- NASS Committees Seek Increased Funding For Solid Minerals Sector
- South Korea FX Reserves Surge to $427.4bn in June
- Naira Little Changed as Forex Market Activities Ease
- Ripple – XRP Price Spikes to $1.14 on Short Squeeze
- Equities Investors Gain N3.16trn as Nigerian Stocks Rebound
- Mining Firms Risk Losing Titles Over Community Agreement Breaches- Alake
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.
The Yobe State Executive Council (SEC) has ratified N59.8 billion to fast-track the execution of viable projects and services earlier approved by the state government.
The British pound stabilised above $1.35, recovering from a two-week low, as investors prepare for a week filled with significant economic data and global interest rate decisions while also monitoring US-Iran peace talks.
2027: Gbajabiamila Backs Hamzat’s Lagos Governorship Bid The Chief of Staff to the President, Mr Femi Gbajabiamila, has declared his support for the Lagos governorship bid of the state deputy governor, Dr Obafemi Hamzat. Gbajabiamila endorsed Hamzat when the deputy governor, in the company of some prominent party leaders in the state, visited him at his Oniru residence on Sunday. The visit was part of his ongoing engagements and consultations with party leaders ahead of 2027. Some of the party leaders on Hamzat’s entourage include a former Minister of State for Defence, Sen. Musiliu Obanikoro; Secretary of Lagos APC Governance…
Equity prices shed 0.5% as measured by the Nairobi Securities Exchange (NSE) All-Share Index last week. The decline was largely driven by reduced performance in the commercial (-2.1%), energy (-1.5%), and banking (-1.0%) sectors, according to Pergamon Investment Bank.
Oil prices increased on Monday amid concerns that the Strait of Hormuz blockade could delay market recovery for several months, even if passage is reopened.
The Federal Government of Nigeria, through the Debt Management Office (DMO), is set to reopen local bonds for subscription across 5-, 7-, and 10-year tenors today.
Stanbic IBTC Plc fell by about 14% on the stock market as investors’ buying sentiment faded amid the first-quarter earnings festival for the 2026 financial year.
Nigeria Treasury Bills Yield Rises 13bps on Sell Orders The average yield on Nigerian Treasury bills rose by 13 basis points in the secondary market as investors placed sell orders across the short, belly, and long ends of the curve. The market reacted to the tight spot rate on the short-term borrowing instrument. Fixed-income market analysts reported that yield expansion was most pronounced in the 364-day paper, which saw a 56bps week-on-week increase to 19.1%. Conversely, the 182- and 91-day instruments saw declines, with yield compressing by 15bps and 2bps to 17.3% and 16.4%, respectively. Analysts expect the bearish performance…
Global equity markets closed mostly lower, with broad declines across the United States and Europe weighing on overall sentiment amidst unsettled geopolitical tensions.
United Bank for Africa Plc (UBA), a leading Pan-African financial institution, has released its unaudited financial results for the first quarter ended March 31, 2026, demonstrating resilient operating performance and continued balance sheet strength despite a moderated profitability environment.