Anthony Osae-Brown

Scotland

Bureau Chief for Nigeria at Bloomberg L.P.

Bloomberg BC, Nigeria. Former Editor, BusinessDay. Opinions mine. RTs for research purpose, not endorsements.

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Articles

Fitch Upgrades Nigeria to B Citing Commitment to Policy Reforms

1 week ago | bloomberg.com | Anthony Osae-Brown

Shoppers and traders in a congested street market in Lagos, Nigeria, on Monday, July 17, 2023. Nigeria’s monthly inflation rate soared to a seven-year high in June, after President Bola Tinubu scrapped fuel subsidies and allowed the currency to weaken before declaring a state of emergency to control staple food costs.
Nigeria Optimistic of Exiting Dirty-Money Watchlist This Year

2 weeks ago | bloomberg.com | Emele Onu |Anthony Osae-Brown

Traffic by Idumota market in Lagos, Nigeria. (Bloomberg) -- Nigeria expects to exit a global dirty-money watchlist this year after passing a new investment law that will allow regulation of cryptocurrencies, the chief of its financial regulator said. “I am 100% hopeful” the nation will exit the Financial Action Task Force’s so-called gray list this year, Securities and Exchange Commission Director-General Emomotimi Agama said.
Nigeria Set to Create 1 Trillion Naira Fund to Provide Home Loans

4 weeks ago | bloomberg.com | Anthony Osae-Brown

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Inclusion at Bloomberg Tech at Bloomberg Philanthropy Sustainability Bloomberg London...
Next Africa: Nigeria Feuds Stoke Attacks That Threaten Oil-Output Revival

1 month ago | bloomberg.com | Anthony Osae-Brown

A feud between political rivals is fueling oil-pipeline attacks that threaten an output revival in Africa’s biggest crude producer. After a spate of vandalism incidents on pipelines in Nigeria’s Rivers state — the heart of the oil-producing Niger Delta — President Bola Tinubu last week imposed a state of emergency in the area, suspending its governor, his deputy and local lawmakers.
Nigerian Bonds Sink the Most in Four Months on Lower Oil Prices

1 month ago | bloomberg.com | Anthony Osae-Brown |Emele Onu

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
“Nigeria’s EV Market Surges as Gas Prices Jump 500%, Solar Capacity to Reach 21.5 GW by 2030”

1 month ago | naija247news.com | Anthony Osae-Brown |Emele Onu

EV Market Expands with Over 10 Dealerships, Solar Capacity Set to Hit 21.5 GW by 2030Thank you for reading this post, don't forget to subscribe!Sterling Bank Leads the Charge with EV Infrastructure Development, Supporting Lagos’ First Public Charging StationBy Anthony Osae-Brown and Emele OnuAs Nigeria grapples with soaring gasoline prices, electric vehicles (EVs) are becoming an increasingly popular alternative in the country’s largest city, Lagos.
Chinese EVs Make Inroads in Nigeria as Gasoline Prices Rise

1 month ago | financialpost.com | Anthony Osae-Brown |Emele Onu

While the EV revolution is well underway in many parts of the world, the idea of charging up a car with electrons is still somewhat bemusing in the West Africa nation where half of the population have no access to electricity, and the other experiences frequently interrupted power. Yet after gasoline prices began to soar in Nigeria in 2023, EV proponents saw an opportunity to pitch their wares to the millions of drivers across Africa’s most populated nation.
Lagos EV Market Sparked by High Gas Prices, Chinese Car Models

1 month ago | bloomberg.com | Anthony Osae-Brown |Emele Onu

Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world For Customers Bloomberg Anywhere Remote Login Software Updates Manage Products and Account Information Support Americas+1 212 318 2000 EMEA+44 20 7330 7500 Asia Pacific+65 6212 1000 Company About Careers Diversity and Inclusion Tech At Bloomberg Philanthropy Sustainability Bloomberg London...
USD/NGN: Nigeria’s Shrinking Forex Reserves Threaten Naira Gains

1 month ago | bloomberg.com | Anthony Osae-Brown |Emele Onu

Nigeria’s foreign reserves have fallen for 33 straight days amid central bank support for the naira, fanning concern the currency could be vulnerable going forward. The West African nation’s dollar reserves are down $2.2 billion since hitting a $40.92 billion high on Jan. 6, according to data compiled by Bloomberg. The slide is the longest since November 2022 and takes reserves to the lowest level since October.
Nigeria Orders Seizure of $4.7 Million From Ex-Central Banker

2 months ago | bloomberg.com | Anthony Osae-Brown

A Nigerian court ordered the forfeiture of cash and several properties traced to the former governor of the nation’s central bank after determining they were “proceeds of unlawful activity.” The court in Lagos, the nation’s commercial hub, ordered that Godwin Emefiele, who was removed as central bank governor in June 2023, forfeit $4.7 million plus 831 million naira ($553,000) held in bank accounts, as well as a number of properties, according to a post on X by Nigeria’s anti-corruption...