- Overnight Rate Dips on Excess Banking System Liquidity
- FG Targets Transparent Tax System Through Digital Reforms
- U.S. Hits Nigeria, 80 other Countries With New Tariffs Citing ‘Forced Labour’
- BUA Cement Grows Profit by 80% in H1-2026
- Nigerian Naira Rallies, Official Exchange Rate Closes at N1367
- NGX Nears N160trn on New Shares Listing, Banks Stocks Rally
- XRP Price Drops as CLARITY Act Splits U.S. SEC, CFTC Oversight
- Oil Prices Race Past $100 as Global Energy Crisis Deepens
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 Federal Government has unveiled plans to establish a $500-million Niger Delta …
The Federation Account Allocation Committee (FAAC), has shared N2.550 trillion among the Federal Government
The Central Bank of Nigeria (CBN) reduced the Treasury bills spot rate by 4 basis points to 17.66%, according to details from primary market auction results obtained by MarketForces Africa.
Nigeria’s Headline Inflation Declines to 15.91% in June Nigeria’s headline inflation moderated marginally to 15.91% year-on-year in June 2026, from 15.93% recorded in May, marking a 0.02 percentage point decline and reversing the gradual uptick observed in the previous months. The latest print broadly aligns with market expectations and our forecast of 15.80%, reflecting the continued impact of favourable base effects and easing underlying price pressures. On a month-on-month basis, headline inflation slowed to 1.66% from 1.75% in May, indicating that the pace of increase in consumer prices moderated during the review period. Although inflation remains significantly lower than the…
The average yield on Nigerian Treasury bills declined as fixed income investors piled into positions ahead of the midweek auction, Broadstreet traders said.
Bank of Industry Secures €60m Facility to Boost Cocoa Processing The Bank of Industry (BOI) has secured a 60 million euro credit facility from the European Investment Bank to fund Nigeria’s cocoa value addition drive, with a focus on processing, ingredients and chocolate manufacturing. The Managing Director of BOI, Dr Olasupo Olusi, disclosed this on Tuesday at the Cocoa Value Addition Summit in Abuja, themed “From Bean to Brand”. He said that the facility was to support the cocoa sector and would establish dedicated financing windows for cocoa processing, ingredient manufacturing, packaging, and chocolate production. “An example of this is…
The South African rand is trading slightly firmer against FX majors on Tuesday as broad-based US dollar weakness provided support to emerging-market currencies.
In the bond market, trading activities reflected bearish investor sentiment ahead of inflation
The average yield on Nigerian Treasury bills traded in the secondary market declined by 4 basis points (4bps) as trading activity opened….
SK Hynix’s 12.8% pop, 15.4% Crash Reveals Hidden Cost of IPO hype SK Hynix soared 12.8% on its Nasdaq debut on Friday. By Monday it had crashed 15.4% in Seoul, its steepest single-day fall on record, triggering a market-wide trading halt as the Kospi plunged 9%. Nigel Green, CEO of global financial advisory giant deVere Group, warns that the reversal exposes how much of the AI rally is driven by headlines, not earnings. He says: “A 12.8% pop on debut day tells you almost nothing about a company’s earnings power. “It tells you that a room full of investors got…