- 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.
NGX Posts N8.66trn Weekly Gain Amid Trading Surge The Nigerian Exchange Ltd. recorded a strong weekly performance, with investors gaining N8.661 trillion amid heightened trading activity. Market capitalisation rose by 6.60 per cent to N139.827 trillion from N131.166 trillion. The NGX All-Share Index climbed by 6.57 per cent to 217,167.57 from 203,770.43 recorded in the previous week. The NGX report on Saturday noted investors recorded a total gain of N8.661 trillion within the review period. A total turnover of 3.588 billion shares valued at N195.313 billion was traded in 254,553 deals. This compares with 3.361 billion shares worth N151.948 billion…
Nigeria Deepens Regional Influence With $500K Investment The Federal Government of Nigeria has committed 500,000 dollars to AFRITAC West 2 Phase III, reinforcing efforts to strengthen policy capacity and macroeconomic management across West Africa. The agreement was signed during the IMF/World Bank Spring Meetings involving senior officials from the International Monetary Fund (IMF) and the Central Bank of Nigeria (CBN), on Friday in Washington. AFRITAC West 2 (AFW2) is an IMF-supported regional technical assistance centre based in Accra, Ghana, that strengthens economic institutions in six West African nations, Cabo Verde, the Gambia, Ghana, Liberia, Nigeria, and Sierra Leone. As part…
CBN, FMDA Announce New Money Market Benchmark The Central Bank of Nigeria (CBN), in collaboration with the Financial Markets Dealers. Association (FMDA), has announced the introduction of the Nigerian Overnight Financing Rate (NOFR). Mrs Hakama Sidi-Ali, CBN’s Acting Director, Corporate Communications Department, (NOFR) said this in a statement issued in Abuja on Friday. According to Sidi-Ali, this is a standardised benchmark aimed at enhancing transparency, strengthening monetary policy transmission, and deepening Nigeria’s money market. Sidi-Ali said that NOFR was developed to align Nigeria with global best practices in short-term interest rate benchmarks. According to her, it is expected to improve…
Solana’s (SOL) price climbed 3.33% to $87.90 on Friday as investors rallied their positions amid a sharp increase in Solana’s non-USDC (Cycle)/USDT (Tether) stablecoin supply.
A reversal to disinflation stoked selling pressure in Nigerian bonds, as investors’ returns came under risk amid spot rate repricing across the fixed-income market.
The Naira closed the trading session in the positive territory at the Nigerian Foreign Exchange Market (NFEM), appreciating by 11bps or ₦1.44 against the U.S. Dollar.
Nigeria Has No Immediate Need For IMF’s Support – Edun The Minister of Finance, Wale Edun, says Nigeria has no immediate plans to approach the International Monetary Fund (IMF) for financial assistance. Edun made this known at the African Finance Ministers’ briefing, during the IMF/World Bank Annual Meetings, on Thursday in Washington. He said that the reliance on ongoing domestic economic reforms was working. The minister said that Nigeria’s reforms over two years had restored policy credibility and strengthened resilience against global economic shocks affecting many African economies. He said that the country had prioritised market-based adjustments, avoiding administrative controls,…
ActionAid Nigeria (AAN) has urged the Federal Government (FG) to undertake a comprehensive and transparent review of all revenue deduction frameworks to ensure accountability, justification and full public disclosure.
Minister of the Federal Capital Territory (FCT), Nyesom Wike, has expressed optimism that the FCT Administration will achieve 80 per cent implementation of its 2026 budget by January, 2027.
Oil Prices Up as U.S. Plans to Sanction Iran’s Crude Buyers Oil prices edged higher on Thursday as US warnings of potential secondary sanctions on buyers of Iranian oil heightened supply concerns, while a larger-than-expected drop in US crude inventories supported a high-demand outlook. International benchmark Brent crude futures traded at $94.94 per barrel, up around 0.01% from the previous close of $94.93. US benchmark West Texas Intermediate (WTI) rose about 0.3% to $91.57 per barrel, compared with $91.29 in the previous session. Prices found support from signals that the US could impose “secondary sanctions” on countries purchasing Iranian oil.…