- Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
- Dangote Cement Hits N18trn Market Cap. Ahead of London Listing
- Fidelity Bank Gains 14%, Investment Firm Sees Huge Upside
- Nigerian Stock Market Cap. Declines by N206bn to N160.52trn
- Oyedele Seeks Support for SMEs to Drive Nigeria’s Economic Growth
- Cardano Price Drops to $0.21 as Selloffs Hit Altcoins
- Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’
- Solana Drops 2.20% to $101.28 as investors liquidate Positions
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.
UK financial markets are reacting negatively in real time to Prime Minister Keir Starmer’s high-stakes “reset” speech on Monday morning, with gilt yields climbing sharply and Sterling weakening as investors assess the growing political crisis engulfing the government following devastating local election losses.
The UN Economic Commission for Africa (ECA) and Financial Sector Deepening (FSD) Africa concluded on Friday, 8 May in Addis Ababa, Ethiopia, the Second African Forum on Sovereign Finance, under the theme: “Enhancing Fiscal Space and Debt Sustainability.”
Oil prices climbed on Monday as the US and Iran dashed hopes of a peace agreement following a series of proposals and counterproposals over the opening of the Strait of Hormuz.
Bitcoin (BTCUSD) price rose to $81.5k amid sustained investor optimism ahead of the US clarity Act and amid uncertainties in the geopolitical environment.
The Federal Executive Council (FEC) has approved three strategic Public-Private Partnership (PPP) projects aimed at strengthening Nigeria’s infrastructure base and stimulating economic growth across critical sectors.
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.