- Hang Seng Index Rises on AI Momentum, US, European Markets Dip
- 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
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.
Pi network gained 4.63% in 24 hours to $0.229 on Wednesday, outperforming a declining cryptocurrency market, driven by network upgrades and anticipation of Pi Day.
Overnight lending rate fell, while repo rate stayed unchanged on the back of surplus money market liquidity, supported by activities of banks and primary market repayment.
The Securities and Exchange Commission (SEC) has inaugurated a regulator–financial technology clinic to deepen dialogue with Nigeria’s rapidly expanding financial technology ecosystem.
XRP sees early gains in the crypto market, up 2.78% to $1.40 over 24 hours as Ripple moves to integrate services into a single global payment system.
The exchange rate gap in Nigeria’s foreign exchange market has collapsed sharply as the spot rate has maintained a downward trend for 14 consecutive trading sessions.
Oil prices briefly surpassed $120 per barrel on Monday as tensions between the U.S. and Iran kept the global commodity market on edge. Supply concerns intensified sharply after Iran blocked a critical shipping channel.
Jaiz Bank Plc lost more than 18% of its market value over the last five trading sessions in the Nigerian Exchange (NGX), extending its losses despite a strong rally in the local bourse.
The Central Bank of Nigeria (CBN) allotted N4.77 trillion in OMO bills to investors across primary market auctions conducted in February, as part of efforts to reduce excess liquidity in the financial system.
Oil prices edged higher on Friday as disruptions to shipments through the Strait of Hormuz following attacks on Iran continued to fuel supply concerns.
Tinubu Resolves OPL 245 Dispute with ENI, Unlocks Deepwater Investment President Bola Tinubu on Thursday announced the successful conclusion of a settlement agreement between the Federal Government, Eni and Nigerian Agip Exploration Limited over Oil Prospecting Licence (OPL) 245. Tinubu announced the agreement at a meeting in his office attended by the Chief Executive Officer of Eni, Claudio Descalzi and other senior officials. Others present included Eni’s Chief Operating Officer, Guido Brusco, Head of Sub-Saharan Region, Mario Bello, and Managing Director of Nigerian Agip Exploration, Fabrizio Bolondi. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga,…