- Reforms Restoring Stability, Investor Confidence – Tinubu
- Oil Prices Dip Below $90 on Potential US-Iran Deal
- ECB Hikes Rates 25bps, Targets 3% Inflation for 2026
- Rand Slides as World Bank Cuts South Africa’s 2026 GDP Growth
- Wall St, European Markets Surge on AI Stock Rally Ahead of SpaceX Debut
- Fitch Affirms African Development Bank at ‘AAA’, Outlook Stable
- Naira Depreciates as Interbank FX Turnover Declines
- Equities Investors Lose N73bn as Nigerian Exchange Index Dips
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.
XRP sees early gains in the crypto market, up 2.78% to $1.40 over 24 hours as Ripple moves to integrate services into a single global payment system.
The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions.
Oil prices briefly surpassed $120 per barrel on Monday as tensions between the U.S. and Iran kept the global commodity market on edge. Supply concerns intensified sharply after Iran blocked a critical shipping channel.
Jaiz Bank Plc lost more than 18% of its market value over the last five trading sessions in the Nigerian Exchange (NGX), extending its losses despite a strong rally in the local bourse.
The Central Bank of Nigeria (CBN) allotted N4.77 trillion in OMO bills to investors across primary market auctions conducted in February, as part of efforts to reduce excess liquidity in the financial system.
Oil prices edged higher on Friday as disruptions to shipments through the Strait of Hormuz following attacks on Iran continued to fuel supply concerns.
Tinubu Resolves OPL 245 Dispute with ENI, Unlocks Deepwater Investment President Bola Tinubu on Thursday announced the successful conclusion of a settlement agreement between the Federal Government, Eni and Nigerian Agip Exploration Limited over Oil Prospecting Licence (OPL) 245. Tinubu announced the agreement at a meeting in his office attended by the Chief Executive Officer of Eni, Claudio Descalzi and other senior officials. Others present included Eni’s Chief Operating Officer, Guido Brusco, Head of Sub-Saharan Region, Mario Bello, and Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga,…
Oil Prices Surge over Lingering Supply Risks Oil prices surged on Thursday as lingering Middle East tensions strengthened supply concerns and risks. Brent crude traded at $82.84 per barrel, up 2.5% from the previous close of $80.76. US benchmark West Texas Intermediate (WTI) increased 2.6% to $76.53 per barrel, compared with $74.59 in the previous session. Prices had eased late on Wednesday amidst rumours of potential talks between the US and Iran. Market worries persist, particularly over the fate of shipments through the Strait of Hormuz, a route that carries roughly one-fifth of global oil and LNG supply. US Treasury…
Dangote Sugar Refinery Plc’s (Ticker: DANGSUGAR) share price nosedived by 10% as investor sentiment deteriorated after an unimpressive earnings performance.
Selloffs in Dangote Sugar Refinery, Jaiz Bank, and other decliners dragged the Nigerian Exchange (NGX) market capitalisation down by about N102 billion on Wednesday.