- Overnight Rate Dips on Excess Banking System Liquidity
- FG Targets Transparent Tax System Through Digital Reforms
- U.S. Hits Nigeria, 80 other Countries With New Tariffs Citing ‘Forced Labour’
- BUA Cement Grows Profit by 80% in H1-2026
- Nigerian Naira Rallies, Official Exchange Rate Closes at N1367
- NGX Nears N160trn on New Shares Listing, Banks Stocks Rally
- XRP Price Drops as CLARITY Act Splits U.S. SEC, CFTC Oversight
- Oil Prices Race Past $100 as Global Energy Crisis Deepens
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.
OPEC Crude Oil Production Surges 3mbpd in June Crude oil production by the Organisation of the Petroleum Exporting Countries (OPEC) rebounded in June after declining since March, rising by around 3.05 million barrels per day (mbpd) from the previous month. In June, OPEC’s total output stood at about 22 million bpd, according to the group’s latest Monthly Oil Market Report on Monday. The United Arab Emirates posted the largest monthly increase, with output rising by 1.642 million bpd to around 3.81 million bpd. Kuwait’s production climbed by 880,000 bpd to 1.45 million bpd, while Iraq increased output by 446,000 bpd…
IRGC Claims Strikes on U.S. Targets in Jordan, Bahrain, Kuwait in Retaliation Iran’s Islamic Revolution Guard Corps (IRGC) on Monday said it had targeted U.S. bases in Jordan, Bahrain and Kuwait in retaliation for U.S. attacks against coastal Iranian provinces. The IRGC said the U.S. military had carried out airstrikes against several coastal military bases Sunday evening after the IRGC intercepted two “violating” vessels in the Strait of Hormuz. In the first phase of its retaliatory operations, the IRGC said its forces set fire to several large missile silos and fuel tanks at the Prince Hassan Air Base in Jordan…
Investor sentiment shifted in the global markets amid renewed geopolitical tensions in the Middle East
Marina-based elephant-branded financial services group, FirstHoldco Plc, gained 26%
Geregu Power Plc lost 105 of its market value on the Nigerian Exchange (NGX) as investors…
Banks’ activities at the Standing Deposit Facility (SDF) of the Central Bank of Nigeria (CBN) increased 60% to N4.15 trillion, according to market reports obtained by MarketForces Africa.
Fast-moving consumer goods company BUA Foods Plc’s momentum has been fractured by thin trading in its shares on the Nigerian Exchange (NGX).
International Breweries Plc (IntBrew) jumped by 40% amid a sharp increase in buying activity
Iran, Oman End Hormuz Talks Without Breakthrough Iran and Oman have concluded talks on the Strait of Hormuz without reaching a breakthrough, according to a statement from Iran’s Foreign Ministry. The strategic waterway lies between Iran to the north and Oman to the south, giving both countries a direct role in ensuring the security of shipping through the strait. Both sides agreed to continue discussions at the political and technical levels “to reach a common understanding on ensuring the security of navigation,” the ministry said. According to Tehran, a delegation from the Gulf state of Qatar also took part in…
The Nigerian local unit, the naira, lost N9.43 per US dollar at the official window amid sustained FX liquidity shortages and a growing foreign reserves deficit, according to Central Bank data.