- Moody’s Ratings Changes Seplat Energy’s Outlook to Positive
- Fitch Affirms Qatar at ‘AA’ with Negative Outlook
- Zcash Tops $1,000 as Investors Rotate into Privacy Coins
- Ripple XRP Price Declines on U.S. Fed Rate Hike Fears
- SK Hynix Tokenised bStocks Surges 6% on Regulatory Catalyst
- FG Opens N2.5bn Grant Window for 50 Student Innovators
- Oil Prices Rise 8% as US-Iran Tensions Heighten Energy Risk
- Binance Coin Rises on Pasteur Upgrade, Kalshi Listing Optimism
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.
The secondary fixed income market sustained its bullish momentum in the just-concluded week, reflecting heightened demand
Equatorial Guinea’s economic activity is estimated to have contracted by 6.4% in 2025, owing to a large fall in hydrocarbon production, the International Monetary Fund (IMF) hinted following a meeting with the authorities.
GCR Assigns AA-(NG) Rating to Lagos State N230bn Bonds GCR Ratings has assigned a national scale long-term issue rating of AA-(NG) to Lagos State Government’s N230bn Series 4 Senior Unsecured Fixed Rate Bonds, with the outlook accorded as stable. Rating analysts said Lagos State Government of Nigeria raised NGN230 billion in Series 4 Senior Unsecured Fixed Rate Bonds from the Nigerian capital market at 16.25%, under its NGN1 trillion debt and hybrid instrument issuance Programme, registered in May 2023. The rating assigned to the bonds reflects the national scale long-term rating of the issuer. This is because the bonds bear…
Oil Market Sees Weekly Drop in Prices as Supply Risks Ease The oil market recorded a weekly drop in prices of crude per barrel as global supply risks eased following U.S and Iran diplomatic talks in Oman on Friday. Easing geopolitical tensions between the US and Iran reduced risk premiums and shifted market focus toward improving supply expectations. Meanwhile, supply disruptions, sanctions-driven trade shifts, and persistent regional risks prevent a deeper decline. Brent crude traded at $67.40 per barrel, down 3.3% from last Friday’s close of $69.73. US benchmark West Texas Intermediate (WTI) fell 3.5% to $63.15 per barrel, compared…
On Friday, crude oil prices fell, while attention remains focused on the impending discussions between the U.S. and Iran set to take place in Oman.
Ethereum Loses 11% on Crypto Investors’ Flight to Safety Though trading signals indicate recovery is on pace, Ethereum (ETHUSD) has lost about 11% in the last 24 hours in the cryptocurrency market on Friday. Ethereum is down 10.90% to $1,900.31 in 24h, underperforming a broader market sell-off primarily driven by a cascading liquidation event and extreme risk-off sentiment. Ethereum’s drop is part of a violent market-wide deleveraging event, compounded by defensive rotation away from altcoins. The market-wide deleveraging and liquidations, with over $1.28 billion in Bitcoin liquidations sparking a cross-crypto cascade. Crypto analysts said capital rotation into Bitcoin during “Bitcoin…
Bitcoin (BTC) and Ethereum (ETH) are trading at new lows across the crypto market as the global market capitalisation of all digital assets plunged to $2.4 trillion on Thursday.
Stakeholders across government, private sector and regulatory agencies have underscored the central role of trust
Havertz Sinks Chelsea as Arsenal Reach League Cup Final Arsenal reached the League Cup final after edging Chelsea 1-0 at the Emirates Stadium, completing a 4-2 aggregate victory. Former Chelsea forward, Kai Havertz, struck in injury time, sealing the semi-final second-leg win and sending Arsenal into their first final since 2018. The opening hour was cagey, with both goalkeepers largely untested as the tie remained delicately balanced. Chelsea Coach Liam Rosenior introduced Cole Palmer and Brazilian winger Estevao to inject attacking urgency. Alejandro Garnacho, scorer of Chelsea’s two first-leg goals, later joined the push as the visitors searched for an…
FirstHoldco Drops Sharply after Poor Earnings Performance Non-operating company of First Bank of Nigeria Limited, First Holdco Plc, dropped about 8.8% of its market value as investors trimmed their holdings in post-earnings run-off. The sharp price correction was triggered by signficant year on year decline in profitability performance, reducing bargain hunting in a stock with intrinsic volatility amidst a tough outlook in the banking sector. First Holdco trading data obtained from the Nigerian Exchange showed that the financial services company’s share price declined to N41.05 as 27.6 million units valued at N1.133 billion were transacted on Monday. The huge trading…