- Nairobi Securities Exchange Climbs on Automobile, Telecom Stocks Rally
- Nigeria’s Headline Inflation Rate Climbs to 15.93% in May
- Ethereum Gains 9% as Bitmine Immersion Tech. Boosts Holdings
- AFC Backs Dangote Fertiliser Expansion with $600m Loan
- XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
- Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable
- Money Market Rates Mixed as Banking System Liquidity Dips
- CBN to Open N1trn Worth of Treasury Bills for Subscription
Author: Olu Anisere
Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.
Nigerian Naira Touches N1,392 Per U.S. Dollar at CBN Window The Nigerian naira briefly touched N1,392 per dollar at the Central Bank of Nigeria (CBN) foreign exchange window, reflecting the absence of liquidity pressure in the currency market. The Naira closed the session on a strong note, extending the previous day’s appreciation with a gain of 5bps against the US dollar at the Nigerian Foreign Exchange Market (NFEM) to settle at ₦1,400.48/$. The currency rally was driven by sustained inflows from foreign portfolio investors and local market participants, with the Naira trading within an intraday range of ₦1,392.00/$ and ₦1,415.00/$…
Geregu Power Names Sean Manley Interim Chief Executive Geregu Power Plc has named Sean Manley interim chief executive officer of the company following a change of strategic ownership. Recall that Geregu ex-core investors Femi Otedola divested a 77 percent stake in Geregu Power Plc in a deal valued at $750 million in December 2025. In an official statement, the power-generating company told the Nigerian Exchange it has appointed Manley as interim Chief Executive Officer effective February 2, 2026. The company’s decision is subject to the approval of the Nigerian Electricity Regulatory Commission (NERC) and the shareholders of the Company at…
Ethereum (ETHUSD) surges by about 4% over the last 24h, outpacing the broader crypto market’s 1.85% gain.
Moody’s Ratings has today upgraded the Government of Kenya’s (Kenya) local and foreign currency long-term issuer ratings and foreign currency senior unsecured debt ratings to B3 from Caa1 and changed the outlook to stable from positive.
With a N501 billion over-subscribed local bond, the Federal Government of Nigeria (FG) has taken steps towards resolving an estimated ₦4 trillion power sector debt backlog.
Money Market Liquidity Hits N6trn as CBN Refuses OMO Bids The liquidity level in the financial system surged to N6.12 trillion as the Central Bank of Nigeria (CBN) rejected about N5 trillion subscription for its OMO bills auction on Tuesday. System liquidity closed at a net long position of ₦6.12 trillion, supported by an OMO repayment totaling ₦2.14 trillion and enhanced placement by deposit money banks. The market recorded an increase in banks’ placements at CBN’s Standing Deposit Facility (SDF) window to ₦3.92 trillion. Also, some banks with liquidity shortfall borrowed ₦14.30 billion from the Standing Lending Facility (SLD) window.…
NCR Returns to Profitability as Overhead Drops Sharply NCR Nigeria Plc returned to profitability in 2025, according to unaudited financial results posted in the Nigerian stock market on Tuesday, recording N1.82 kobo as earnings per share. The ICT stock topped Nigerian Exchange (NGX) performers with multifold price appreciation in 2025 despite a tight earnings scorecard. Details from its unaudited results showed that profit after tax came at N196 million at the of 2025 after N2.172 billion net loss was posted in 2024. The company’s performance improved as a result of a significant decline in overhead costs. Details from results released…
The Managing Director of the Niger Delta Development Commission (NDDC), Dr Samuel Ogbuku, says the commission will fully automate its procurement processes
Cadbury Nigeria Delivers N12bn Profit as Net Finance Costs Ease Cadbury Nigeria Plc returned to profitability in the financial year 2025, the consumer goods company revealed in its unaudited figures released on Tuesday. A breakdown of the consumer goods consumer performance showed that revenue increased by 31% year on year following price adjustments on its consumer goods, including beverages. Cadbury Nigeria Plc announced that total revenue for 2025 surged to N169.837 billion, from N129.165 billion in the comparable period in 2024. The significant topline year-on-year growth enhanced the company’s gross profit, up by 101% to N36,599 billion at the end…
Ripple (XRP) rebounds by about 1% over the last 24 hours as sell pressures eased. With the positive price movement, the altcoin has outperformed the broader crypto market’s +0.52% gain.