- Oil Prices Fall on Easing Supply Risk, Brent Dips Below $97
- “Nigeria Unseen”: NLNG Announces 2027 Creative Arts Prize Call for Entries
- Nigeria Interbank Rates Mixed as Banking Liquidity Hits N8.5trn
- XRP Slumps to $1.08 With No Buying Catalyst in Sight
- Fitch Affirms IHS Holding at ‘B+’ With Positive Outlook
- 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
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.
Why 57 Properties Linked to Malami Should Be Forfeited Permanently -EFCC The Economic and Financial Crimes Commission (EFCC) told the Federal High Court in Abuja that the 57 properties allegedly linked to Abubakar Malami, SAN, former Minister of Justice, should be permanently forfeited to the Federal Government. The EFCC, in a motion on notice for final forfeiture of the property filed by its team of lawyers led by Jibrin Okutepa, SAN, and Ekele Iheanacho, SAN, told Justice Joyce Abdulmalik that the respondents had failed to place sufficient evidence before the court to warrant the court to vacate the earlier interim…
The National Palm Produce Association of Nigeria (NPPAN) says the country will be self sufficient and meet its global market share of oil palm by 2050.
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) says the recent rise in Liquefied Petroleum Gas (LPG) prices is driven by supply constraints and global market pressures.
The dollar index (DXY) moved back below 100 after reaching 100.5 early in the session, as traders assessed the latest developments in the Middle East.
Ripple’s XRP price has been hovering around $1.31 over the past 24 hours, down 0.28%, and over the last week, it has decreased by 1.78%. For some crypto investors, the tight price movements signal stability amid geopolitical instability, reducing investment appetite.
Ghana Boycotts Africa Energies Summit over Discrimination Ghana has moved to boycott the upcoming Africa Energies Summit in London this May, a decision that reflects growing frustration across the African oil and gas industry over discrimination, exclusion and the marginalisation of African voices at events that claim to represent the continent’s energy future. Energy Chamber Ghana has released a statement calling on Ghanaian energy authorities to reconsider their participation in the summit, expressing deep concerns regarding discriminatory hiring practices and the continued exclusion of African professionals. The move sends a strong signal: Africa’s energy industry must be shaped with African…
CBN Places 19.91% Interest Rate on 138-Day OMO Bill At the spot rate of 19.91%, the Central Bank of Nigeria (CBN) raised N1.4 trillion through open market operations, during which N600 OMO bills were floated for subscription. The Apex Bank conducted an OMO bill auction to step down excess liquidity in the financial system, with the overall aim of controlling inflationary pressures. The offer size, which included 75- and 138-day OMO bills maturities, attracted significant interest amidst elevated. Total subscriptions amounted to N1.5 trillion. Eventually, the CBN allotted a total of N1.4 trillion only on the 138-day paper at a…
XRP Price Sinks Below $1.30 on Market Downturn, ETF Outflow XRP tanks to $1.29 on Thursday amid retail and institutional sell-offs, as crypto bulls retreated and the token underperformed the broader market amid a sell-off driven by macro risk aversion and Bitcoin weakness. The move highlights ongoing pressure from institutional ETF outflows and weak on-chain demand. Broader crypto market decline, as Bitcoin fell 2.37% amid geopolitical tensions and spot ETF outflows, dragging altcoins like XRP lower. Persistent outflow from U.S. spot XRP ETFs, signalling cooling institutional demand, coupled with a significant drop in on-chain network activity. If XRP holds above…
Oil prices surged by about 7% in the global commodity market on Thursday as escalating tensions between the United States and Iran stoked concerns of potential supply disruptions in the Middle East.
Julius Berger Dividend Rises 150% on 2025 Earnings Beat Julius Berger Nigeria Plc boosted shareholders’ wealth with a 150% year-on-year increase in dividends following a strong earnings beat in the financial year 2025. The company’s gross earnings rose by 34.09% year-on-year to ₦759.9 billion from ₦566.7 billion, spurred by accelerated project execution and improved operational efficiency. The company’s share price remained flattish despite improved earnings performance in 2025, reflecting tightened sentiment even with sizeable proposed dividends. In 2025, Julius Berger’s revenue growth was supported by the resilience of its core operations, with gross profit rising significantly by 67.6% to ₦119…