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.
Ethereum (ETHUSD) declined below $2k as sellers continue to dominate trading activities in the cryptocurrency market.
Aradel Holdings Plc added 5.3% to its market value amid a surge in demand for oil stocks; its price appreciation was primarily driven by volume, despite a missed regulatory filing. Trading data from the Nigerian Exchange (NGX) showed that the volume of Aradel shares transacted was moderate.
Giving up its slight gains, Dogecoin (DOGEUSD) slipped slightly to $0.1006 in the last trading session of May, driven by profit-taking across memecoins.
Binance Coin (BNB) sustained momentum, up 7.3% to $722.88 over 24 hours, driven by high-volume spot buying and rotation into altcoins.
Moody’s Ratings (Moody’s) has changed the outlook on the Government of Mali to negative from stable and has affirmed the local- and foreign-currency long-term issuer ratings at Caa2.
Hedera (HBARUSD) gained 5.02% over 24 hours to $0.0975, significantly outperforming a flat Bitcoin and the broader market, driven primarily by a surge in leveraged derivatives positioning and whale accumulation.
Cardano (ADAUSD) gained 2% over the past 24 hours to $0.23699, outperforming a flat Bitcoin, primarily driven by strong on-chain accumulation and network confidence.
The Nigerian Exchange (NGX) delivered a 60.90% return from January to May 2026, driven by persistent demand for stocks of local companies across sectors.
BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst Binance coin (BNB) gained 5.9% in 24 hours to $672.93, significantly outperforming a flat broader market, primarily driven by a new airdrop that rewards BNB holders. Binance announced Genius Terminal as its 65th HODLer Airdrop project on May 30, distributing 10 million GENIUS tokens to users who held BNB in Simple Earn or On-Chain Yields between May 11–13, 2026. This program directly incentivises holding and staking BNB, creating immediate buy-side pressure as users may have increased positions to qualify or held through the snapshot. The move is driven by BNB’s core…
The National Bureau of Statistics (NBS), says the average price of 5kg of cooking gas increased from N7,655.73 recorded in March to N8,706.93 in April.