- Bitcoin Price Rises to $75.6k, Buying Conviction Still Low
- Naira Weakens as Forex Market Dollar Supply Tightens
- Foreign Investors Pivot into US Dollar Bonds, Yields Ease
- FirstHoldco Loses N2.50trn in Market Value as Euphoria Fades
- Ecobank Adire Lagos Returns with Bigger December Edition
- Investors Reprice Transcorp Power as Market Value Climbs 23%
- Access Holdings Slips, Investors React Negatively to Earnings
- NGX Return, Market Cap Drop as Equities Investors Lose N3.52trn
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.
Cardano (ADAUSD) is down 0.84% to $0.249 in 24h, underperforming a slightly negative broader market, primarily driven by a technical rejection at key resistance and a lack of bullish momentum.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited financial results for the year ended December 31, 2025, recording total assets growth of 9.4 per cent to N33.2 trillion, up from N30.3 trillion at the end of 2024, alongside an 11.8 per cent increase in customer deposits from N24.3 trillion in 2024 to N27.2 trillion.
GCR Ratings has affirmed Development Bank of Nigeria Plc’s (DBN) national scale long and short-term issuer ratings of AAA(NG) and A1+(NG) , respectively.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has described as false and misleading reports suggesting it is selling scrap materials, equipment, or components from its refineries to individuals and private companies.
Tinubu Seeks $516m Loan Approval for Sokoto–Badagry Superhighway President Bola Tinubu has requested the Senate’s approval for a 516.3 million dollars syndicated loan to finance key sections of the Sokoto–Badagry Superhighway. The Superhighway is a major infrastructure project under his administration’s Renewed Hope Agenda. The request, is contained in a letter read during plenary on Thursday by Senate President Godswill Akpabio, seeks legislative authorisation in line with Sections 16 and 21 of the Debt Management Office (Establishment) Act, 2011. In the letter, the President outlined the scope and purpose of the proposed financing. “The purpose of this communication is to…
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…