- Senate Passes State Police Bill
- Nigeria Targets $750 Billion in Untapped Minerals With New EMERGE Programme
- S&P Cuts Nigeria’s Growth Projection, Raises Inflation Expectation
- South African Rand Stables Against Crosses Ahead of PPI Data
- AI Names Shift Global Markets Indicators, FTSE 100 Surges
- BTCUSD- Bitcoin Dips to $61.5K as Institutional Appetite Softens
- Nigeria Seeks Partnerships to Build World-Class Steel Industry
- Oil Prices Ease Near Pre-War Range as US, Russia Plan Talks
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.
Solana (SOL) price increased by 5% to $67.36, outperforming a broader market rebound primarily driven by a potential liquidity signal from a major stablecoin mint and oversold technical conditions.
The naira traded sideways against the US dollar in the official window on Monday, reflecting low payment pressure following the Apex Bank’s FX manual notice.
Equities investors gained more than N714 billion as the Nigerian Exchange (NGX) All-Share Index rebounded from the broader sell-off reported last week.
DeXe price (DEXEUSD) climbed 14.76% to $22.67, significantly outperforming Bitcoin’s +1.7% gain, driven primarily by a broad rotation into high-performing altcoins.
The South African rand is trading flat against crosses on Monday as a surprise US May jobs report fueled a broad dollar rally and crushed emerging-market currencies.
Zcash (ZEC) price rose by about 20% to $427.50, sharply outperforming a modest market-wide rise, primarily driven by restored confidence following the patch of a critical bug.
Ethereum price (ETHUSD) increased by 5% to $1,628, outperforming a broader market rebound, primarily driven by a short squeeze after an extreme sell-off. Dip buyers stepped up at the extremely depressed price of $1.5k after sustained sell pressure.
Nigeria’s foreign reserves topped $50 billion in the first week of June due to sustained FX receipts across key sources, data from the Central Bank of Nigeria (CBN) revealed.
Abbey Mortgage Bank Plc soared by more than 47% in 5 days as investors increased bets on the Nigerian lender following the announcement of Central Bank (CBN) regional licence approval last week.
Hyperliquid (HYPEUSD) declined by 6% to $56.87, underperforming a broader market that was also declining, primarily driven by a major scheduled token unlock.