- US, European Stocks Mixed as Inflation Boosts Odds of Fed Rate Hike
- XRP Price Tanks as Bears Strike after U.S. Inflation Data
- Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs
- Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps
- Overnight, Repo Rates Ease as CBN Mops 4% of System Liquidity
- Nigeria Rejects UN Budget Cuts Threatening Development, Peacekeeping
- Naira Gains 0.3 Pips as Interbank FX Turnover Soars By 427%
- IMF Urges Countries to Replace Fuel Subsidies With Target Support for Vulnerable
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.
Zcash (ZEC) price rose by approximately 9% to $1,662.37, significantly outperforming a modestly rising Bitcoin
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Oil prices were set for a mixed weekly performance on Friday as expectations for renewed US-Iran diplomacy
Crypto Exchange Bitget Loses $351.6m in Hot Wallet Hack, Suspends Withdrawals Crypto exchange Bitget has confirmed that hackers stole approximately $351.6 million from its wallets in an overnight attack. In a security notice signed by CEO Gracy Chen on Thursday, the Seychelles-based exchange said its systems detected unauthorised transfers from some hot wallets at 18:31 UTC on September 24. Chen said the breach was limited to part of its hot and warm wallet infrastructure, while offline cold wallets remained secure. She said attackers did not steal private keys but compromised a backend system to fake transfer approvals. The exchange has…
NVIDIA Tokenised bStocks price declined 0.87% to $224.18, closely tracking a slight pullback in the broader crypto market, primarily driven by macro-sensitive risk-off sentiment.
Next Pandemic a Matter of When, not If – WHO DG The COVID-19 pandemic was the most severe global health crisis in a century, killing at least 20 million people and wiping more than 10 trillion dollars from the global economy. WHO Director-General, Dr Tedros Ghebreyesus, said on Friday during an online news conference that the pandemic exposed and worsened weaknesses in global health security, while teaching the world painful lessons. He said countries must learn from those lessons because the next pandemic was not a question of if it would occur, but when. Ghebreyesus said the ongoing Bundibugyo…
South Korean Chipmaker SK Hynix Tokenised bStocks is up 3% to $191.25, outperforming a flat broader crypto market.
Germany Approves 17-Cent Fuel Tax Cut To Ease Pump Prices Germany’s parliament on Friday approved a temporary reduction in fuel taxes aimed at easing the burden of high petrol and diesel prices on households and businesses. The Bundestag, the lower house, and the Bundesrat, which represents Germany’s 16 federal states, both approved the measure. The federal government said the tax cut would take effect on Oct. 1 and remain in force until the end of the year. Under the measure, petrol and diesel taxes will be reduced by an amount expected to provide relief of about 17 euro cents (0.19…
Iran Proposes 7-day Plan to Reopen Strait of Hormuz Iran has presented the United States with a plan to reopen the Strait of Hormuz, Foreign Minister Abbas Araghchi said. Araghchi told U.S. reporters on the sidelines of the UN General Assembly he had proposed a seven-day plan. He stated “We have introduced a plan to the United States through the intermediators that if certain conditions are met, the Strait of Hormuz would be open at the end of the seventh day and talks would restart”. He declined to elaborate on the conditions but said they were “nothing more” than…