- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
- British Pound Strengthens as UK Economy Beats Expectations
- US, European Markets Rise as Global Risk Appetite Improves
- XRP Rebounds on Ripple Banking Partnership for RLUSD
- Oil Dips as IEA Members Agree on Emergency Stocked Crude Release
- Bitcoin Rises, MSCI Rule Targets Strategy Exclusion from Global Index
- EU Leaders Call for Measures to Tackle Soaring Energy Prices
- World Bank Mobilises $112bn Private Capital to Boost Job Creation
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.
Bank for Africa (UBA), Redtech, and MoMo PSB have launched a payment interoperability partnership that expands cardless payment access for consumers and merchants across Nigeria. Redtech is backed by Heirs Holdings; MoMo PSB is MTN Nigeria’s fintech subsidiary.
Russia Raids Gas Extraction Facilities in Ukraine Russia carried out strikes on Ukraine’s gas extraction facilities on Tuesday, killing five people and injuring 37 others, Ukraine’s state-owned gas operator, Naftogaz said. According to Naftogaz, facilities in the central Poltava region and the eastern Kharkiv region were targeted by drones and ballistic missiles. Ukraine’s State Service for Emergencies said two rescue workers were killed in a follow-up strike after arriving at the scene in the Poltava region, with 23 others injured. The Ukrainian Air Force said that of the 11 ballistic missiles launched, eight hit targets in Ukraine, one was intercepted,…
UN Alarmed by Escalating Drone Attacks in Sudan The United Nations is alarmed by the escalating drone attacks in Sudan that are endangering civilians. Stephane Dujarric, spokesperson for the UN secretary-general, said that a drone was reportedly shot down over Khartoum International Airport on Monday, leading to flights being canceled. Local media reported earlier that five members of the same family, including women and children, were killed on Saturday. In White Nile State, a fuel station and tanker were hit near the city of Kosti. In North Kordofan State, the state television building in the state’s capital, El Obeid, was…
NNPC Signs MoU for Restart, Expansion of Warri, PH Refineries The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese companies for Technical Equity Partnership (TEP) to support the completion and operation of Port Harcourt and Warri Refineries. The MoU was signed with the Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co., Ltd. The deal was signed by the Group CEO, NNPC Ltd., Mr Bashir Ojulari; Chairman, Sanjiang Chemical Company, Guan Jianzhong, and Chairman of Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, Bill Bi, in…
Iran’s Foreign Ministry spokesman Esmaeil Baghaei has accused the United Arab Emirates (UAE) of its “support for and cooperation with the aggressors against Iran.”
The naira rallied against the US dollar at the Nigerian foreign exchange market (NFEM) on Monday, reflecting improved liquidity in the official window. The naira climbed to N1365, according to the daily FX published by the Central Bank of Nigeria, from N1374.94 at last week’s close.
The Federal Capital Territory High Court on Monday remanded a former Syke bank Chairman, Tender Ayeni in Kuje Corrections facility, pending the determination of his bail application.
Ethereum (ETHUSD) price increased by 2.5% over 24 hours to $2,368.08, according to trading data from a crypto exchange. The altcoin gain outpaces a broader market rally driven by a geopolitical de-escalation narrative, boosting risk assets.
The South African rand weakened against major crosses in the foreign exchange market as investors sought positions in safer global currencies amid geopolitical pressures.
First Holdco Plc lost approximately 14% of its market value on the Nigerian Exchange (NGX) as investors rotated out interest in the oldest listed financial services companies in Nigeria.