- Foreign Reserves Top $3.4trn as China Increases Gold Buying
- Hedera Slips as Thin Volume Exposes Weak Buyer Conviction
- DeFi Token Uniswap Rises 4% Amidst Crypto Market Downturn
- Ethereum Price Ticks Up as Crypto Market Rout Eases
- Cardano Drops to $0.18 as Investors Rotate Out of Altcoins
- XRP Price Falls to Multi-Week Low, Dip Buyer Conviction Low
- Binance Coin Price Rises on Broader Crypto Market Rebound
- Nigerian OMO Bills Attract N5.7trn from Retail, Corporate Investors
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.
Fitch Ratings has upgraded South Africa’s Long-Term Issuer Default Ratings (IDRs) to ‘BB’ from ‘BB-‘ with an outlook accorded as stable.
The National Bureau of Statistics (NBS), says the total capital importation into Nigeria stood at 10,371.90 billion dollars in quarter one (Q1) 2026, representing about 84% year on year growth from the equivalent period in 2025.
Space Exploration Technologies Corp (SpaceX) is preparing for a landmark initial public offering (IPO) targeting proceeds of around $ 75 billion at an implied valuation of $1.75 trillion to $ 2 trillion.
Ethereum (ETHUSD) price fell 8.05% over the last 24 hours to $1,638.21, underperforming the broader market decline and was primarily driven by a sector-wide altcoin sell-off.
Ripple (XRP) has lost about 8% in the last 24 hours, trading at $1.10 on Friday on sustained institutional selloffs, and technical breakdown.
The naira mixed on Thursday, slipping against the US dollar (US$) at the Nigeria Foreign Exchange Market (NFEM) as international payments surpassed FX supply.
Kenya’s private sector activity deteriorated in May 2026, according to Stanbic IBTC Purchasing Managers’ Index (PMI) report released by S&P Global on Thursday.
South African Rand (ZAR) stabilises against crosses on Thursday after the local unit struggled to hold value against the US dollar amid strengthening geopolitical tensions.
Cement company Lafarge Africa Plc lost about 10% of its market value due to heavy sell-offs on the Nigerian Exchange. The sell pressure aligned well with broader market direction, stockbrokers said, reflecting an ongoing market correction that has lasted for three days.
The Development Bank of Nigeria (DBN) Plc says it has disbursed more than N1 trillion to over one million Micro, Small and Medium Enterprises (MSMEs), supporting the creation of more than 1.6 million jobs since inception.