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.

SpaceX Tokenised bStocks Climbs on Higher Trading Volume

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SpaceX Tokenised bStocks Climbs on Higher Trading Volume SpaceX Tokenised bStocks (SPCXB) climbed by 1.50% in 24 hours to $149.65 on Friday, moving independently of Bitcoin and the overall crypto market direction. The tokenised stock’s positive price movement was primarily driven by a surge in social media activity and increased visibility on a major decentralised exchange. Traders said today’s price surge was fueled by coordinated social attention and easy access on a high-volume DEX, not by a fundamental SpaceX announcement. The rally aligns with growing activity in tokenised real-world assets (RWAs). Kraken expanded its tokenised equity platform, and BNB Chain…

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Dangote Petroleum Refinery Obtains Approval to Raise N2.15trn from IPO

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Dangote Petroleum Refinery Obtains Approval to Raise N2.15trn from IPO The Securities and Exchange Commission (SEC) has approved the commencement of the Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals to raise N2.15 trillion The company said the regulator’s approval paves the way for what could become one of the largest capital market transactions in Nigeria’s history. The approval was conveyed in a letter to the Lead Issuing House, Vetiva Advisory Services Limited, and signed by the Director of the Securities and Investment Services Department of the SEC, Abdulkadir Abbas. According to the Commission, the proposed offering comprises…

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SK Hynix Tokenised bStocks Gains 4% on Crypto Momentum

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SK Hynix Tokenised bStocks Gains 4% on Crypto Momentum SK Hynix Tokenised bStocks is up 3.99% to $166.06 on Friday, closely tracking a broad crypto market rally, supported by a dovish signal from the US Federal Reserve. The move was primarily driven by beta to the surging crypto market, amplified by positive regulatory sentiment for tokenised assets from South Korea’s newly announced roadmap. SKHYB’s 3.95% gain closely mirrors Bitcoin’s 4.09% surge and the total crypto market cap’s 3.76% increase over the same period. Bitcoin reclaimed $80,000 as markets priced in lower odds of a Federal Reserve rate hike following dovish…

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XRP Price Soars 6.5% on Dovish U.S. Fed Signal

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XRP Price Soars 6.5% on Dovish U.S. Fed Signal Ripple (XRP) price soared by 6.5% over the last 24 hours to $1.4517, outperforming a broader market rally and primarily driven by a macro-driven risk-on shift across crypto. The strong rally builds on a dovish signal from the Federal Reserve that eased rate-hike fears, lifting the entire crypto market. Reflecting investors’ optimism, the total net inflow of $XRP spot ETFs reached $6.1376 million in a single day. The total net asset value of $XRP spot ETFs is $1.552 billion, with an $XRP net asset ratio of 1.68%, and the cumulative historical…

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