- GCR Affirms Sterling Bank’s Ratings With Stable Outlook
- Enugu Govt Approves Payment of N32bn Gratuity Arrears From 2000
- N156bn Debt Suit: Court Upholds UBA’s Appointment of Receiver over Stallion Group
- FG Begins Construction of 10,000 Housing Units in 14 States – Minister
- Ex-NIMASA Boss Seeks Framework to Boost Blue Economy
- NNPC Activates Emergency Response to Eleme Pipeline Explosion
- Nigerian Exchange Loses N109bn as GTCO, UBA, Zenith Bank Dip
- British Pound Strengthens as UK Economy Beats Expectations
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.
Champion Breweries Completes Bullet Brand Portfolio Acquisition Champion Breweries today announced the successful completion of its acquisition of the Bullet brand portfolio from Sun Mark, marking a transformative milestone in the Company’s strategic expansion into a diversified, pan-African beverage platform. The acquisition, previously announced on 20 August 2025, gives Champion Breweries ownership of the Bullet brand assets, trademarks, formulations, and commercial rights globally through an asset carve-out structure. The assets are held in a newly incorporated entity in the Netherlands, in which Champion Breweries holds a majority interest, while Vinar N.V., the majority shareholder of Sun Mark, retains a minority…
NAICOM, BPP Sign Pact for Insurance Bond Issuance The National Insurance Commission (NAICOM) and the Bureau of Public Procurement (BPP) have signed a Memorandum of Understanding (MoU) to standardise requirements for the issuance of insurance bonds and public procurement. Bond insurance, or financial guarantee insurance, is a type of coverage purchased by bond issuers (like municipalities or corporations) that guarantees the repayment of principal and interest to investors if the issuer defaults. The Commissioner for Insurance (CFI), Mr Olusegun Omosehin, said during the MoU signing on Monday in Abuja that the pact would ensure transparency in the sector. Omosehin added…
Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s net foreign exchange reserves stood at N34.80 billion dollars as of December 2025.
The flight-to-safety drive from Middle East tensions strengthened the US dollar against trading peers on Monday, forex traders said in a separate note.
Nigeria’s private sector activity deteriorated in January, Stanbic IBTC revealed in its purchasing manager index (PMI) report released by S&P Global on Monday.
Nigeria Seals $1.3bn Alumina Refinery Deal with AFC The Federal Government of Nigeria and the Africa Finance Corporation (AFC) have signed an investment partnership to jointly fund three projects, including a $1.3 billion alumina refinery. The Minister of Solid Minerals Development, Dele Alake, described the agreement as a landmark deal to transform the mining sector and boost its contribution to gross domestic product. A statement by the minister’s Special Assistant on Media, Segun Tomori, said the pact was signed on Sunday in Abuja. Executive Secretary of the Solid Minerals Development Fund, Hajiya Fatima Shinkafi, signed on behalf of the government,…
The Central Bank of Nigeria (CBN) is poised to open Treasury bills for subscription at the primary market auction on Wednesday to efficiently refinance maturing securities.
Dangote Cement Hikes Dividend by 50% as Profit Spikes Dangote Cement Plc has announced plans to pay shareholders N45 as a final dividend, reflecting improved earnings performance in 2025. The proposed amount represents a 50% increase over the equivalent period in 2024, supported by significant earnings growth. The top members of the cement oligarchy double down on their profitability in 2025, supported by a about 35% year-on-year increase in cement price per tonne in the Nigerian market. Nigeria’s volume sold was flattish, but the group’s earnings before interest, tax, depreciation and amortisation supported the improved performance. Volume sold in the…
Stanbic IBTC Falls by 5.4% after AFS Delay Hint Stanbic IBTC Plc lost about 5.4% of its market value as investor sentiment deteriorated, with the non-operating holding company hinting that its audited results would be delayed. According to trading data, Stanbic IBTC’s share price dropped to N122 as investors trimmed their holdings amidst fluctuating trading volume. The bank’s share price declined in one out of five trading sessions, reflecting thin trading activities due to large holdings by its parent company. The financial services company is 68.46% owned by Stanbic Africa Holdings Limited, which is incorporated in the United Kingdom. The…
Pushing market capitalisation to $1.33 trillion on Sunday, Bitcoin (BTC) gained 5% over the last 24 hours to $66,579.63, as Citigroup plans digital asset infrastructure in 2026, supported by easing selloffs after U.S. military action in Iran.