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- Just In: Nigeria’s GDP Grows by 4.4% in Q2 2026
- Oil Tops $90 as Iran Retaliates Against U.S. Strikes
- Global Equities Markets Open Bearish over Fed Hawkish Tone
- Moody’s Changes Nigeria’s Credit Rating Outlook to Positive
- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
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.
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday, with a total offer of N850 billion in the bucket for subscription.
GCR Ratings (GCR) has withdrawn the national scale long-term and short-term issuer ratings of BBB-(GH)/A3(GH) assigned to Letshego Ghana Savings and Loans PLC without review.
The average yield on Nigerian sovereign Eurobonds rose by 26 basis points in the international debt capital market as foreign portfolio investors exited positions amid the Middle East conflict, rattling global financial markets.
Oil prices eased as markets began to price in a remark that the Middle East conflict will end soon. Brent crude traded at $91.67 per barrel. US benchmark West Texas Intermediate (WTI) increased 5.55% to $87.60 per barrel.
Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, today released its March 2026 ICE Mortgage Monitor Report.
Nigerian Exchange (NGX) market capitalisation climbed to N126.43 trillion as equity investors gained N2.67 trillion week-on-week, supported by buying interest in stocks with upside potential.
Ripple (XRP) has seen little price fluctuation recently, trading at $1.36 despite notable outflows from exchange-traded funds (ETFs). In the first week of March, U.S. spot XRP ETFs faced their first significant net outflow since late January, with losses totalling $4.09 million.
Bitcoin (BTC) fell to the $68k level on Saturday after large exchange-traded fund (ETF) outflows, reflecting renewed bearishness in the crypto market.
KuCoin Token (KCS) fell by approximately 2% over 24 hours, bringing its price down to $7.82. This decline occurred amid a broader market downturn, with Bitcoin dropping by 3.6%.
Brent crude price topped $90 on Friday, reaching its highest level since April 2024, as escalating conflict in the Middle East heightened concerns over disruptions to global energy supplies.