Author: Folasade Olugbade
Halting a 2-week downtrend, the naira appreciated at the official market on Tuesday, trading at N1,401.40 per dollar, according to data published by the Central Bank of Nigeria (CBN).
Virtuals Protocol (VIRTUAL) gained 6% over 24 hours to $0.7032 as AI momentum buoyed bargain-hunting in selected altcoins. The rally was fueled by a broader AI token surge, sparked by positive news from Nvidia and strong internal metrics.
Ripple (XRP) gained approximately 4.2% over 24 hours to $1.41 on Tuesday, closely tracking Bitcoin’s +4.25% move amid a broadly rising cryptocurrency market.
Oil prices spiked on Monday due to escalating conflict in the Middle East and threats to energy shipments through the Strait of Hormuz, raising fears of potential supply disruptions.
Oando Plc saw a 19% rise in its stock price over the past five trading sessions, as energy stocks drew increased investor interest amid ongoing geopolitical conflicts.
In a notable shift, the average yield on Nigerian Treasury bills (NTB) edged higher in the secondary market, driven by bearish sentiment across the naira curve.
Official TRUMP token price fell by 1.08% over the last 24 hours, trading at $3.04 on Sunday, leaving its market capitalisation at about $171 million.
Pi Network Gains 12% Ahead of Protocol Upgrade Pi Network has continued its strong performance, gaining approximately 12% in the last 24 hours to reach a price of $0.225, according to trading data from a crypto exchange. This surge sharply outpaced a declining cryptocurrency market and comes ahead of an important network upgrade. Over the past week, the price of the cryptocurrency token has risen significantly, driven primarily by the upcoming launch of a key network upgrade. With more than a 40% increase in trading volume over the day, the Pi Network is benefiting from excitement surrounding the upgrade and…
The naira depreciated slowly and steadily over 13 consecutive trading sessions at the Nigerian Foreign Exchange Market (NFEM), according to trading data tracked by MarketForces Africa.
XRP Retail Investors Take Profit; Price Slides Ripple (XRP) has experienced a more than 3% price decline over the last 24 hours as retail investors took profits on Friday. The latest cryptocurrency market update reveals that XRP is caught between a fearful retail base and accelerating institutional infrastructure, creating a volatile environment for short-term sentiment versus long-term utility. After a rally the previous day, XRP’s price fell to $1.39, representing a 3.15% loss. This decline closely mirrors a broader market sell-off, driven by a significant rejection at a key technical resistance zone. XRP struggled to break through the resistance area…