- 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.
UBA, Zenith Rally Boost NGX Index, Investors Gain N861bn UBA, First Holdco, Access Holdings and Zenith Bank led today’s rally on the Nigerian Exchange (NGX), with the trading platform showing the All-Share Index inching near 220,000 points. The Nigerian equity market closed trading activities for today on a bullish note, with key performance indicators rising by 0.61%. With the Banking sector leading the charge, investors stepped up interest in some fundamentally solid midcap and blue-chip stocks across all major market sectors. Notable gainers included First Holdco, UBA ACCESSCORP, UBA, VITAFOAM, DANGSUGAR, PZ, among others. Consequently, the market index or All-Share…
The outlook for an interest rate cut in Nigeria has turned negative, as disinflation reversed amid the global energy crisis triggered by the U.S.-Iran war in the Middle East.
The South African Rand eased against the dollar as renewed US-Iran tensions boosted safe-haven demand for US Treasuries amid escalating war in the Middle East, First National Bank (FNB) said in a note.
With B.O.C Kenya and Uchumi leading the rally, the Nairobi Securities Exchange (NSE) Index climbed by 0.2% on Tuesday, reflecting investors’ positive sentiment.
Investors Gain N88bn in Nigerian Stock Market The Nigerian equities market closed on a positive note, as key indicators recorded marginal gains due to renewed buying interest in select stocks. Market capitalisation rose by N88 billion, or 0.06 per cent, to N140.523 trillion from N140.435 trillion recorded on Monday. Similarly, the All-Share Index advanced by 135.97 points, or 0.06 per cent, to close at 218,249.81, compared with 218,113.84 posted on Monday. The uptick was largely driven by increased demand for stocks such as National Salt Company, Union Dicon Salt, WAPCO, Trans-Nationwide Express and UAC of Nigeria, among others. As a…
Oyedele Replaces Edun as Tinubu Reshuffles Cabinet President Bola Tinubu has approved a minor cabinet reshuffle in the Federal Executive Council (FEC). A statement issued by the Secretary to the Government of the Federation (SGF), Sen. George Akume. said two ministers would leave the cabinet. The statement was signed by Mr Yomi Odunuga, Special Adviser, Media and Publicity to the SGF. He said that Edun, who served as Minister of Finance and Coordinating Minister for the Economy, had been directed to hand over to Mr Taiwo Oyedele, now elevated to the position. Oyedele was formerly Minister of State in the…
U.S. President Donald Trump has accused Iran of repeatedly violating a ceasefire with the United States, as a two-week truce nears its expiration.
Iran War, Software Disruption Emerge as Twin Risks for U.S. Credit The U.S. risk outlook has deteriorated heading into 2Q26, with the U.S.-Iran war and AI-driven software disruption emerging as the two dominant credit themes, Fitch Ratings says. In a prolonged war scenario, macroeconomic headwinds would be significant, driven by higher inflation, lower real wages, tighter financing conditions and broader demand weakness. Fitch’s adverse scenario, which assumes oil prices average $100/barrel for 2026, implies U.S. gross domestic product (GDP) growth of 1.5% in 2026, roughly 0.7 percentage points below Fitch’s base case. The maximum impact would be felt after four…
AfDB, Italy Sign Co-Financing Deal to Boost Key Sectors in Africa The African Development Bank (AfDB) and the Government of Italy sign a co-financing agreement to strengthen the partnership for support to key sectors in Africa The Government of Italy, through the Ministry of Economy and Finance, the Ministry of Foreign Affairs and International Cooperation, and AfDB, signed the agreement in Washington. The deal aims at strengthening their strategic partnership to support priority projects across key sectors in Africa, including energy, agriculture, water, infrastructure, and human capital development. The agreement was signed by the President of the African Development Bank…
Africa Finance Corporation (AFC) has announced the successful closing of a US$100 million, 5-year loan facility from the Export-Import Bank of India, further strengthening its long-standing partnership with the institution.