- 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.
No New Tax on Vehicles – NRS The Nigeria Revenue Service (NRS) has described as false and misleading a viral infographic claiming that the government has imposed a new vehicle tax, effective July 1. The NRS made this known in a statement by Mr Dare Adekambi, Special Adviser to the NRS chairman, Dr Zach Adedeji, and the service’s spokesperson. According to Adekambi, the infographic directs owners of private, commercial and corporate vehicles to pay the unstated vehicle tax rate online or at approved banks and agencies. He said that the material, which bore no identifiable author, further asked members of…
United Bank for Africa (UBA) Plc has reported about 12% year-on-year customer deposit growth in the financial year 2025, according to the audited report released. The significant deposit growth reflects strong brand loyalty across key African markets where UBA holds sway.
Oil prices were set to end the week on a mixed note, as escalating tensions between the US and Iran and severe disruptions in the Strait of Hormuz supported the market.
Cardano (ADAUSD) is down 0.84% to $0.249 in 24h, underperforming a slightly negative broader market, primarily driven by a technical rejection at key resistance and a lack of bullish momentum.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion, up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion.
GCR Ratings has affirmed Development Bank of Nigeria Plc’s (DBN) national scale long and short-term issuer ratings of AAA(NG) and A1+(NG) , respectively.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.
Tinubu Seeks $516m Loan Approval for Sokoto–Badagry Superhighway President Bola Tinubu has requested the Senate’s approval for a 516.3 million dollars syndicated loan to finance key sections of the Sokoto–Badagry Superhighway. The Superhighway is a major infrastructure project under his administration’s Renewed Hope Agenda. The request, is contained in a letter read during plenary on Thursday by Senate President Godswill Akpabio, seeks legislative authorisation in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011. In the letter, the President outlined the scope and purpose of the proposed financing. “The purpose of this communication is to…
UBA, Zenith Rally Boost NGX Index, Investors Gain N861bn UBA, First Holdco, Access Holdings and Zenith Bank led today’s rally on the Nigerian Exchange (NGX), with the trading platform showing the All-Share Index inching near 220,000 points. The Nigerian equity market closed trading activities for today on a bullish note, with key performance indicators rising by 0.61%. With the Banking sector leading the charge, investors stepped up interest in some fundamentally solid midcap and blue-chip stocks across all major market sectors. Notable gainers included First Holdco, UBA ACCESSCORP, UBA, VITAFOAM, DANGSUGAR, PZ, among others. Consequently, the market index or All-Share…
The outlook for an interest rate cut in Nigeria has turned negative, as disinflation reversed amid the global energy crisis triggered by the U.S.-Iran war in the Middle East.