Author: Julius Alagbe
Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.
Ethereum (ETHUSD) dipped 3.21% to $2,222.26 amid substantial exchange-traded fund (ETF) outflows, reflecting large investors exiting positions amid geopolitical tensions.
BTCUSD- Bitcoin Drops Below $80k on Broad Macro Selloffs Bitcoin (BTC) price declined by 2.77% to $79,098.72 over the past 24h, closely tracking a 2.75% decline in the total crypto market cap, primarily driven by a broad macro selloff triggered by surging government bond yields and renewed inflation fears. The world’s largest digital assets price drop is a symptom of tightening macro liquidity, not a breakdown of its core thesis. The path forward depends on the tug-of-war between persistent institutional accumulation and near-term rate sensitivity. Crypto analysts noticed a risk-off move across traditional and crypto markets as rising Treasury yields…
Nigeria’s headline inflation rate for April climbed to 15.69% year on year (YoY), according to the latest data released by the Statistics office on Friday.
Hyperliquid HYPEUSD is up 16.63% to $45.57 as Coinbase becomes an official USDC deployer, driving a significant volume increase in the last 24 hours.
CME Group, the world’s leading derivatives marketplace, has announced plans to launch Nasdaq CME Crypto Index futures on June 8, pending regulatory review.
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc, has filed two suits against Wema Bank Plc at Federal High Court in Lagos over disputed Banana Island properties, valued at N125.38 billion and an alleged unauthorised payment of N401 million
Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged on optimism following the United States (US)-China summit, according to a morning brief from First National Bank. The global markets posted positive performance with the S&P 500 closing up 0.77%, the NASDAQ advancing 0.88%, and the Dow Jones rising 0.75% after the US approved key chip shipments to China, while upbeat corporate earnings also fuelled sentiment. European markets followed suit, benefitting from positive summit rhetoric and strong results in the technology sector as the Euro Stoxx…
Nigeria’s headline inflation is projected to climb as Middle East tensions drive global oil prices higher, pushing petrol pump prices to about N1,400 on average.
Bitcoin (BTC) gained 2.15% to $81,379.98 on the U.S. Clarity Act and Senate approval of Kevin Warsh as Federal Reserve chairman, fuelling optimism across the crypto market.
Ripple (XRP) gained a little above 7% in 24 hours to $1.52, a price move fueled by investor optimism following the US regulatory win and the CME Group’s decision to add the token to the Nasdaq Crypto Index.