Author: Julius Alagbe
Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.
Bitcoin (BTC) price climbed by 0.64% to $80,721.79 on market optimism about increasing adoption, slightly outpacing a broadly flat total market (+0.33%) as it consolidates below a key technical ceiling.
Binance Coin (BNB) is a few pips away from $650 amid a sharp drop in trading volume across the cryptocurrency market. Trading data indicates BNB volume is down 48% over the past 24 hours to $761 million.
Ripple (XRP) price rose to $1.42 from $1.39, buoyed by crypto investors’ optimism after UBS disclosed an investment in Ripple’s token in its regulatory filing.
Sahara AI Gains 26% on Sector Rotation, Speculation Sahara AI is up 26.03% to $0.0384 in 24h, significantly outperforming a flat broader market, primarily driven by AI sector rotation and speculative derivatives activity. The AI-native blockchain platform’s price surge was fueled by AI sector fervour and frenetic trading activity, though it now faces its first test as whales begin to cash out. Technical traders said Sahara AI surged alongside other AI-themed tokens, including Billions Network (BILL +51.14%), as it was among the day’s top crypto gainers. This indicates a narrative-driven rotation, with traders piling into high-beta AI assets while the…
Sui gained 5.07% to $1.07, significantly outperforming Bitcoin’s 0.92% gain as Nigerian Fintech company Paga partners with Sui to expand African crypto payments.
Dangote Cement Plc hit a 52-week high on the Nigerian stock market, with investors posting a 12.16% gain over the last five trading sessions.
Monero (XMR) price edged higher by 1.97% to $405.39 over the past 24h, outperforming a broadly positive market, primarily driven by renewed sector-wide momentum for privacy coins.
The naira drifted against the US dollar at the official window on Friday, reflecting a momentary shift in foreign currency liquidity amid a surge in demand.
Fitch Ratings has affirmed Angola’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘B-‘ with a stable outlook. Angola’s ratings reflect weak governance indicators, high inflation, high levels of foreign-currency-denominated government debt and one of the highest commodity dependences among Fitch-rated sovereigns, Fitch said.
Fitch Upgrades Ghana to ‘B’; Outlook Positive Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘B’ from ‘B-‘, with a positive outlook. The upgrade reflects a sharp fall in public debt/GDP, supported by robust real GDP growth, substantial fiscal consolidation efforts, and currency appreciation, as well as a marked increase in international reserves that lowers external liquidity risks. According to the rating note, the positive outlook reflects expectation of continued fiscal prudence underpinned by improved public financial management, further normalisation of macroeconomic conditions evidenced by an expected decline in average inflation and a further building…