- Oil Prices Tumble by 5% as Iran Opens Strait of Hormuz
- XRP Gains 4% as Ripple Sets $1bn Income Target for 2026
- DOT – Polkadot Gains on T. Rowe Price Active Crypto ETF Approval
- World’s First Trillionaire Shows Next Wave of Wealth Creation – CEO
- Bitcoin Price Increases on US-Iran Sign Islamabad Declaration
- Sell Pressure Hits Nigerian Bonds, Yield Rises to 16.70%
- Investors Maintain Bearish Pose on T-Bills Ahead of Inflation
- Airtel Africa Hits 52-Week High, Tracking N5,818 Target Price
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.
Gov. Alex Otti of Abia has said that the Economic and Financial Crimes Commission (EFCC) is investigating the alleged misappropriation of N10 billion purportedly spent for a non-existent Abia Airport by the previous administration.
Nigeria’s debt burden is projected to decline in 2026 to around 35% of the gross domestic product (GDP) in 2026, according to details obtained from Moody’s periodic ratings review.
Crypto Market Bearish Amidst Expired BTC, ETH Options The crypto market dropped by 2.67% in the last 24 hours to $2.28 trillion, primarily driven by a hotter-than-expected U.S. inflation report. The January U.S. PPI rose 0.5% month-over-month, significantly above the 0.3% forecast, with Core PPI jumping 0.8%. This data dampened expectations for near-term Federal Reserve rate cuts, increasing the appeal of traditional safe havens like gold while triggering a selloff in rate-sensitive assets, including crypto. Market sentiment remains deeply negative, with the Fear & Greed Index stuck at “Extreme Fear” (16). Concurrently, total derivatives open interest fell 4.9% in 24h,…
Nigerian bond yields fell in the secondary market after the Debt Management Office (DMO) underwrote its monthly auction despite a record excess subscription level.
NGX Suspends Zichis after 772% Price Appreciation The Nigerian Exchange Limited (NGX) has suspended trading in Zichis Agro-Allied Industries Plc shares due to significant price movements that triggered a regulatory review. Zichis is an agro-processing company listed on the NGX Growth Board, a platform designed for small and medium-sized enterprises seeking access to public capital markets. The suspension, announced in a market bulletin to dealing members on Monday, takes immediate effect and will remain in place pending the outcome of an investigation into recent trading activity in the stock. Zichis saw its share price surge by 772% to N17.36 from…
US President Donald Trump’s new 15% global tariffs push has added macro shock risk and helped trigger around $500 million in forced liquidations across leveraged crypto positions.
Non-interest lender Jaiz Bank Plc. gained about 33% in the stock market as investor sentiment improved following about 5% year-on-year earnings-per-share growth in the financial year 2025.
The Central Bank of Nigeria (CBN) issued N3.5 trillion worth of OMO and Nigerian Treasury bills to investors across two primary market auctions, results revealed.
Ministry of Finance Incorporated (MOFI) Real Estate Investment Fund has announced a plan to pay dividends to shareholders on February 27, 2026, following its latest earnings performance.
Nigerian treasury bills (NTB) yield fell in the secondary market after more than half of the total subscription at the midweek auction was rejected by the authority.