Author: Olu Anisere

U.S. Energy Agency Hikes Oil Price Forecast for 2026 The U.S. Energy Information Administration (EIA) has revised up its average oil price forecast for this year but expects oil prices in 2026 to be lower than in 2025 as global oil production exceeds demand, leading to inventory builds. In its Short-Term Energy Outlook (STEO) released late Tuesday, the EIA raised its average Brent crude price forecast to $55.87 per barrel, up from $55.08, while West Texas Intermediate (WTI) was revised to $52.21 per barrel from $51.42. The agency expects oil prices to decline in 2026 to roughly 19% below 2025…

Who Should Invest in Treasury Bills, Bonds? Fixed-income market securities are for those that have made money, and the only thing they need now is to preserve their wealth. A 50% annual return on a small investment outlay cannot make anyone rich or bring you into the high-net-worth individual fold. It is an absolute way to avoid investment drama, meaning you don’t want to take risk with what you have. Investment in fixed-interest income assets is far better than keeping your money in savings. What do you think your banks do with your deposit? Check their financial statements and see…

Rates Mixed as OMO Inflow, Banks’ Placement Boost Liquidity Interbank rates mixed as the repayment of OMO bills and the placement of funds by deposit money banks (DMBs) at the Central Bank of Nigeria’s (CBN) Standing Deposit Facility (SDF) enhanced liquidity within the financial system. The money market remained flooded with a flow of cash as banks took advantage of placements with the CBN to drive earnings growth. It was also noted that some local lenders were at the Standing Lending Facility (SLF) to patch their respective liquidity gaps at a rate above the average return on short-term investment securities. …

Naira Climbs to N1,419 Per Dollar as Foreign Reserves Surge The naira rose against the US dollar at the official window on Tuesday, settling at N1,419.66 per dollar, according to forex market data released by the Central Bank of Nigeria (CBN). In the absence of liquidity pressures, the spot fx rate traded between N1,418 and N1,424 per dollar at the Nigeria foreign exchange market, the CBN reported. FX liquidity was bolstered by $50 million sold to banks and other authorised dealers on Friday, with data showing that aggregate FX inflows on the decline. In the parallel market, the naira appreciated…

NCC Studies Competition to Address Market Dominance in Telecom Sector The Nigerian Communications Commission (NCC) has commenced a comprehensive study on competition in the telecommunications sector to address concerns around market dominance and ensure fair, effective and sustainable competition. NCC said this during a stakeholders’ forum on the Study of Competition in the Nigerian Telecommunications Industry in collaboration with PricewaterhouseCoopers in Lagos on Tuesday. Speaking at the forum, the Head of Tariff, Policy, Competition and Economic Analysis Department, NCC, Mrs Omotayo Mohammed, said that the exercise was necessary to validate existing competition policies against current market realities. Mohammed said the…

Brent Hits $64 as Oil Prices Surge on Multiple Concerns Brent hit $64 per barrel on Tuesday as oil prices surged over multiple market-related concerns, including risks of Iran-related supply disruptions and uncertainties over the future of supply in Venezuela returning to focus. In the fresh price surge, the Brent price rose to $64.01 per barrel, up 0.7% from Monday’s close of $63.55. The US benchmark West Texas Intermediate (WTI) was at $59.83 per barrel, up around 0.8% from the previous close of $59.35. Reports that the US President Donald Trump has been briefed on options beyond conventional air strikes…

Naira Rallies Market-Wide on Robust US Dollar Supply The Nigerian naira saw a market-wide rally on Monday, reflecting the absence of significant pressure from dollar demand for foreign payments. Both informal and official markets experienced robust FX supply that eclipsed demand for foreign payments in dollars. The Central Bank of Nigeria (CBN) updated FX data showed that the naira strengthened by 0.12% to ₦1,421.46/$ at the Nigerian Foreign Exchange Market (NFEM) window, supported by foreign portfolio investors’ inflow with support from non-bank corporate supply. The exporters’ inflows also boosted the supply, with the Apex Bank playing its watchdog role in…

XRP Falls on Broader Altcoins Slide, Capital Rotation Ripple (XRPUSD) fell by 2.50% over the last 24-hour trading session to $2.03, underperforming the broader crypto market as altcoin slides pushed Bitcoin market dominance.  Today, XRP spot ETFs saw $38 million in inflows as investors rotated from BTC/ETH. However, price remained depressed as risk-off sentiment limits upside potential. XRP is gaining institutional traction through ETFs and banking partnerships, but 17% negative price action over 60 days reflects lingering scepticism, crypto analysts said. According to data from the crypto exchange, XRP dropped while trading volume surged by 175% to $3.08 billion on…

Risk-off Sentiment: Nigerian Eurobond Yield Climbs to 7.30% the benchmark yield climbed as the Nigerian sovereign Eurobond traded bearish at the international market last week due to risk-off sentiment ahead of inflation data release this week. Market participants exited their positions as Broadstreet analysts project a significant spike in headline inflation, which will likely keep interest rate at double-digit highs. The local fixed income market has seen rates repricing, which could be extended to the external borrowing schedule for 2026 on account of a steep surge in the consumer price index and the absence of monetary easing. Last week, the…

Nigerian Bonds Yield Rises on Negative Risks Appetite The average yield on Nigerian government bonds surged in the secondary market as investors cashed out on their positions ahead of the Debt Office monthly supply. The market anticipates a significant boost in bond supply in the first quarter as Nigeria’s budget deficit widened. Analysts said the government favours both local and external borrowing to bridge the spending gap in 2026. Based on the pattern observed last year, the authority is expected to front-load the local bourse amidst expectations that Nigeria’s headline inflation rate will surge significantly due to the base effect,…