Author: Olu Anisere
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.
MTN Nigeria Plc lost about N2.4 trillion in market value due to significant selloffs on the local bourse amid a threat of licence revocation against South African companies.
XRP Price Soars 5% as XRPL Plans DeFi Expansion Ripple (XRP) price soared by about 5% to $1.49 over the past 24h, significantly outpacing Bitcoin’s modest 0.44% gain, driven by optimism over the Clarity Act, DeFi expansion, and a landmark institutional tokenisation test on the XRP Ledger (XRPL). Optimism was fueled by the US Clarity Act this week. Traders are positioning ahead of the U.S. Senate’s markup of the CLARITY Act, scheduled for May 14. The bill aims to clarify digital asset classifications, potentially reducing compliance friction for institutions using XRP. Regulatory progress remains a key macro driver for XRP,…
Citibank Nigeria Limited, Stanbic Nominees and Zenith Pensions Limited controlled about 40% of GTBank’s non-operating holding company, GTCO, as of the end of the financial year 2025.
The market value of Tier-2 financial services company Wema Bank Plc fell by about 8.5% over the last seven trading sessions, tracking below its 52-week high due to deteriorated investor sentiment.
Ripple’s XRP gained 2.92% to $1.42, as the market price rose in collaboration with a major financial institution for cross-border payments execution.
Gov. Umo Eno of Akwa Ibom says plans have been concluded for the state to implement an oil palm revolution targeted at boosting economic prosperity.
Fitch Ratings has affirmed Zenith Bank Plc’s Viability Rating (VR) at ‘b’, Long-Term Issuer Default Rating (IDR) at ‘B’ and National Long-Term Rating at ‘AA(nga)’. Fitch’s outlook on the Long-Term IDR and the National Long-Term Rating is stable.
Oil prices rose in the global commodity market on Friday as escalating tensions between the US and Iran in the Strait of Hormuz renewed concerns about global energy supply security.
Ripple (XRP) price has lost about 3% over the last 24 hours to $1.39 amid sell-offs triggered by investors exiting their Bitcoin positions. The world’s largest digital asset has posted significant gains since last week, and altcoins have followed suit.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) prices declined, fueling sell pressures in altcoins after a previous rally that lifted the market cap of all digital assets.