- 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.
The Nigerian naira traded at N1,418 per dollar at the Nigerian Foreign Exchange Market (NAFEM) window on Monday in the absence of foreign payments pressures.
Oil: Brent Surpasses $65, U.S WTI Hits $61 Over Uncertainty Oil prices increased in the global commodity market on Monday as investors priced in growing geopolitical risks tied to US-Iran tensions, while uncertainty over US trade policy added to market caution. International benchmark Brent crude traded at $65.49 per barrel, up about 0.1% from the previous close of $65.40. US benchmark West Texas Intermediate (WTI) rose around 0.3% to $61.40 per barrel, compared with $61.20 in the prior session. US Central Command chief Brad Cooper and Israeli military Chief of Staff Eyal Zamir discussed ways to strengthen defense cooperation during…
Equity Analysts Raise Target Price for Guinness Nigeria Equity analysts have raised the target price for Guinness Nigeria Plc to N391.15, reflecting a significant upside potential to its currency market price. According to data from the Nigerian Exchange, NGX, Guinness Nigeria Plc closed flattish at N349.90 on Friday due to thin trading activities on the brewer stock. This translates to 12% upside potential for investors. Afrinvest Limited equity analysts guided investors to accumulate Guinness Nigeria shares from the stock market last week at the current price. The investment firm set its 12-month target price at N391.15, saying that Guinness Nigeria…
The Nigerian Interbank Offered Rate (NIBOR), the benchmark interest rate for short-term, unsecured lending, rose as the Central Bank of Nigeria (CBN) monetary auctions triggered liquidity fluctuation in the money market last week.
The British pound or the sterling climbed against the US dollar at the forex market, traded at $1.3525, its highest level in over two weeks.
First Holdco Loses 5.8% as Buying Sentiment Fades Elephant-branded financial services company, First Holdco Plc., retreated after fast and furious price appreciation that lifted its market value above N2 trillion mark on the Nigerian Exchange. The significant rerating of First Holdco came after its chairman, Femi Otedola, increased shareholdings in the group in December, 2025. Trading data from the Nigerian bourse showed that First Holdco’s share price printed at N49 on Friday as investors traded more than 2.4 million units at a total value of N118.292 million. First Holdco fell successively from its week high of N52 on downbeat investor…
The naira skidded against the US dollar at the official window as FX payments weighed on liquidity balance in Nigeria’s forex market, amidst growing external reserves.
The Nigerian Exchange (NGX) All-share index (ASI) declined week-on-week (WoW) as equity investors lost N394 billion due to sell pressures in some top stocks.
Global Growth Outlook to Remain Stable Amidst Headwinds The latest global growth projections from the International Monetary Fund (IMF) suggest that the world economy is set to maintain a steady expansion of 3.3% in 2026, despite a complex mix of supportive and restraining forces. In a review note, analysts at Cowry Asset Limited said the forecast represents a marginal two-basis-point deviation from the IMF’s October 2025 outlook and reflects the balancing effect of easing inflation, softening energy prices, and moderating oil demand, weighed against persistent trade tensions and policy uncertainty. According to the IMF, global growth momentum remains underpinned by…
Extending its weekly loss, Ethereum (ETHUSD) dropped by 1.07% over the last 24 hours to $2,926, according to data from crypto exchanges, underperforming the broader crypto market’s 1.27% decline.