- S&P 500, Euro Stoxx 50 Rally as US Rate Hike Bets Ease
- Linkage Assurance Delivers Impressive Half-Year Earnings Amidst Underwriting Pressure
- ABC Transport Faces Several Margin Contractions Despite Revenue Growth
- XRP Ticks as Successful Payments Processed on Ledger Spikes
- South African Rand Steadies as Fed Rate Hike Bets Ease
- Nigerian Naira Extends Rally as Corporates’ FX Demand Reduces
- CBN Allots N2.6trn as OMO Bills Subscription Tops N4.6trn
- Nigerian Exchange Heads South, Equities Investors Lose N613bn
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.
FGN Offers 2 Savings Bonds for Subscription at N1,000 Per Unit The Debt Management Office (DMO), on behalf of the Federal Government, has announced an offer of two FGN bonds for subscription at N1,000 per unit. According to the DMO, the first offer is a two-year FGN Savings Bond due Aug. 12, 2028, at an interest rate of 13.96 per cent per annum. The second offer is a three-year FGN Savings Bond due Aug. 12, 2029, at an interest rate of 14.96 per cent per annum. It said that the opening date for the offer is Monday (today), while the…
The global equity markets’ performance was mixed, with US and European stocks closing relatively stronger while Asian indicators diverged last week.
Crude oil prices declined in the global commodity market on Monday as US-Iran agreed to resume peace talks after a show of strength between the warring nations.
CPPE Seeks Reform of Development Finance The Centre for the Promotion of Private Enterprise (CPPE) has called for comprehensive reforms to Nigeria’s development finance architecture to bridge a financing gap exceeding N50 trillion. The organisation said the deficit was limiting growth across manufacturing, agriculture, agribusiness, micro, small and medium enterprises, and export-oriented businesses. CPPE Chief Executive Officer, Dr Muda Yusuf, made the call in a policy brief issued on Sunday in Lagos. Yusuf said Nigeria’s productive sectors faced structural financing constraints driven by high lending rates, short loan tenors and stringent collateral requirements. He added that limited access to long-term…
Trump Halts Planned Iran Strike Amid Peace Push U.S. President Donald Trump said on Saturday that he has suspended plans for a major military strike on Iran after claiming that Middle Eastern allies had reached the framework of a potential agreement aimed at ending the five-month conflict. In a post on his Truth Social platform, Trump said he had decided to cancel the planned attack to allow diplomatic efforts to continue, expressing optimism that negotiations could lead to a broader peace agreement between Iran, Israel and the United States. “Based on this request, I have agreed, for the future benefit…
XRP price rose by 1.8 % to $1.08, outperforming a nearly flat Bitcoin, primarily driven by Ripple’s strategic monthly escrow release, which reduced net selling pressure ahead of the key update.
Tier-2 lender Wema Bank Plc shrank in market value as investors bet against the financial services company’s weak earnings per share delivered in the first half of 2026.
Access Holdings Plc lost 10% of its market value, which is about N158 billion …
U.S., European Stocks Surge on Tech Earnings, AI Optimism U.S. and European stocks led a global market rally amid strong investor optimism, driven by top tech companies’ earnings releases and AI optimism. A surge in AI optimism drove the dominant overnight narrative, as strong results from major US technology firms reignited conviction across global markets, First National Bank (FNB) said in a brief on Friday. The S&P 500 gained 1.66%, the Nasdaq Composite surged 2.78%, and the Dow Jones rose 1.19% on Thursday, as blowout earnings from Microsoft (+15.51%) and Amazon (+8.85%), as well as a broader AI-chip rebound, powered…
Oil prices fell on Friday as easing concerns over potential disruptions to key Middle East shipping routes reduced the geopolitical risk premium in crude markets, despite the absence of a major breakthrough in US-Iran talks.