- S&P 500, Euro Stoxx 50 Rally as US Rate Hike Bets Ease
- Linkage Assurance Delivers Impressive Half-Year Earnings Amidst Underwriting Pressure
- ABC Transport Faces Several Margin Contractions Despite Revenue Growth
- XRP Ticks as Successful Payments Processed on Ledger Spikes
- South African Rand Steadies as Fed Rate Hike Bets Ease
- Nigerian Naira Extends Rally as Corporates’ FX Demand Reduces
- CBN Allots N2.6trn as OMO Bills Subscription Tops N4.6trn
- Nigerian Exchange Heads South, Equities Investors Lose N613bn
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.
FCTA Reaffirms Commitment to Supporting Female Entrepreneurs to Thrive The Federal Capital Territory Administration (FCTA) has reiterated its dedication to supporting female entrepreneurship, driving private sector-led growth, and building an inclusive economy across the nation’s capital. FCT Minister of State, Dr Mariya Mahmoud made the commitment in Abuja on Friday, during the closing of the Women in Business and Impact Day. The day is a highlight of the Abuja Business and Investment Summit/Expo, 2026, organised by Abuja Investments Company Ltd. (AICL). Mahmoud described women entrepreneurs as “vital drivers” of job creation, innovation, family stability, and national prosperity. She emphasised the…
RMAFC Moves to Strengthen Revenue Monitoring, Fiscal Accountability The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says it is pursuing institutional reforms and digital transformation to improve revenue monitoring, transparency and fiscal governance. The Chairman of the commission, Dr Mohammed Shehu, disclosed this in an interview with the News Agency of Nigeria (NAN) on Friday in Abuja. Shehu described RMAFC as a strategic constitutional body responsible for safeguarding Nigeria’s revenue architecture and ensuring proper accounting and equitable distribution of federation revenues. According to him, RMAFC monitors revenues accruing to the federation account, tracks disbursements and advises governments on revenue enhancement…
Equities Market Records N235bn Gain The equities market recorded N235 billion gain on Friday at the close of trading, reflecting sustained bullish sentiment among investors. This marked the 3rd consecutive bullish session in the week. The performance underscored renewed investor confidence in the stock market, driven by increased demand for blue-chip stocks and sustained positive market momentum. Market capitalisation rose by 0.15 per cent, closing at N158.513 trillion from the N158.278 trillion recorded at the previous session. Similarly, the All-Share Index (ASI) appreciated by 0.15 per cent, gaining 364.26 points to close at 245,573.60, compared with 245,209.34 recorded in the…
Bitcoin (BTC) price raced ahead of $65k on Saturday on a signal that institutional and retail investors are returning to the crypto space over easing geopolitical pressures and weak US non-farm payroll data.
Beta Glass Plc’s net profit settled at about N16.2 billion in the first half of the financial year 2026
With Wall Street sold off, global equity markets experienced some portfolio rebalancing over shifting
Worldcoin (WLD) price declined 5.68% to $0.3005, significantly underperforming…
Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness The average yield on Nigerian Treasury bills (NTBs) declined by 4 basis points (bps) in the secondary market on Wednesday as investors continue to pile up positions in the naira asset. Rising appetite for long-duration papers persisted in secondary market transactions as investors sought to lock in yields amid the latest rate repricing for long-tenor bills. With mixed inflation and interest rate outlooks, real return on investment remains in double digits, with Treasury yields covering elevated consumer price index. Traders saw demand for Nigerian Treasury bills that will expire on 04…
Financial system liquidity was slightly squeezed due to a large outflow related to the settlement of OMO bills sold by the Central Bank of Nigeria (CBN) to banks and foreign investors.
Equities investors gained about N71 billion in Nigerian cold stock market trading, with a soft rebound recorded on Wednesday from the previous day’s sell pressure.