- 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.
Stanbic IBTC Hits 52-Week High on Sharp Intraday Rally Stanbic IBTC Holdings Plc hit a 52-week high due to a sharp intraday rally on Monday, according to trading data obtained from the Nigerian Exchange (NGX) platform. The financial services company’s share price reached N147 at noon, up 6.52% from N138 per share on Friday, driven by increased investor demand. Stanbic IBTC’s share price has been relatively stable in the stock market over the last seven days, with positive fluctuations ahead of earnings season – the next major catalyst for repricing. Following positive price movements in large-cap stocks, the banking index…
The prices of crude oil surged sharply on Monday amid heightened concerns about prolonged disruptions to global oil supply following US President Donald Trump’s statements on a blockade of the Strait of Hormuz.
Electricity Generation Improves to 4300MW from 3951MW – FG The Federal Government (FG) announced on Sunday that electricity generation improved from 3,951 MW to 4,300 between March 28 and April 10. This is contained in a statement issued by Mr Bolaji Tunji, Special Adviser to the Minister of Power on Strategic Communications and Media Relations in Abuja The gradual rise in generation output within the period, Tunji said, was in tandem with the assurance given by the Minister of Power, Mr Adebayo Adelabu, at the Power Sector Working Group, where he pledged that electricity supply would improve within two weeks.…
Ethereum (ETHUSD) is down about 5% over the past 24 hours, trading at $2,201.49, as failed Middle East ceasefire talks stoked sell pressure across major cryptocurrencies.
The benchmark yield on Nigerian government bonds increased by 10 basis points week on week in the secondary market, reflecting investors’ risk-off sentiment in the debt instruments.
Moody’s Ratings has changed the Government of Ghana’s outlook to positive from stable and affirmed the long-term issuer ratings in local and foreign currency, as well as the foreign-currency senior unsecured debt ratings at Caa1.
Ripple (XRP) dipped 2.02% to $1.33 over the past 24h, underperforming Bitcoin’s 3.01% decline, amid a broader market sell-off driven by geopolitical tensions.
Crude oil and condensate fell to an average of 1.51 million barrels per day (mbpd) in February 2026, even as the Nigerian National Petroleum Company Limited (NNPCL) remitted N1.804 trillion to the Federation Account.
The equities segment of the Nigerian Exchange (NGX) closed in the green as buying interest in Tier-1 banks supported a N1.36 trillion weekly gain in the local bourse.
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B’ with a stable outlook.