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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.
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.
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…