- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
- Oil Prices Jump on Heightened Supply Risk, Brent Tops $114
- XRP Selloff Slows as Ripple Supports SEC Crypto Asset Framework
- Global Equities Markets Tank on AI Sustainability, Financing Fears
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 U.S. 30-year Treasury yield advanced for a sixth consecutive trading session, touching 5.62% — its highest level since the dot-com bust of 2002.
GCR Ratings has assigned Parallex Bank Limited a national scale long- and short-term issuer rating of BBB-(NG) and A3(NG), respectively; the outlook was accorded as stable.
South African Rand Weakens as Commodity Prices Swing The South African rand (ZAR) weakened versus crosses as elevated global oil prices dampened demand for western currencies. The local unit weakened to R16.44 per US dollar, its softest level since early August. Elevated oil prices in the global commodity market, weaker precious metals and increased demand for the US dollar pressured the local unit, forex market traders said. Though the South African Reserve Bank recently raised rates to counter mounting inflation risks, higher fuel costs and global uncertainty continue to cloud the growth outlook. Against other crosses, the rand is trading…
The Central Bank of Nigeria (CBN) raised about N4.7 trillion (N4,686,266,639,000) from fixed-interest securities investors through OMO bill allotments across three maturities.
NVIDIA Tokenized bStocks Dips as Investors Book Profits NVIDIA Tokenized bStocks (NVDAB) is down 0.87% to $228.04 in 24h, underperforming a nearly flat broader crypto market. The move appears primarily driven by mild beta-driven selling pressure alongside Bitcoin, with no clear coin-specific catalyst visible in the provided data. The tokenized stock moved in tandem with a slight decline in Bitcoin (-0.17%), reflecting its sensitivity to general crypto market sentiment. The total crypto market cap was essentially flat (+0.01%), indicating a lack of strong directional momentum. The minor drop is more indicative of modest, broad-market profit-taking or positioning adjustments rather than…
Kora, a pan-African payment infrastructure provider, today announced the launch of One Rail
Ripple (XRP) price increased 1.66% to $1.52, outperforming a slightly negative broader market
Ripple XRP price declined 1.27% to $1.52 on Monday, closely tracking a broader market pullback primarily driven by macro anxiety over Middle East tensions and rising Treasury yields.
Bitcoin (BTC) price slides 2% to $83,315 on Monday, closely tracking a 1.72% drop in the total crypto market
South African Rand Trades Rangebound Against USD, EUR, GBP The South African rand is trading rangebound against crosses including the US dollar (USD), the Euro (EUR) and Sterling (GBP) on Monday as investors monitor developments in the Middle East. Rising US Treasury yields and a stronger US dollar continue to pressure emerging-market currencies, First National Bank (FNB) said in a brief. Currently, the rand trades at approximately R16.35 per US dollar, R18.62 per euro, and R21.64 per British pound, the Bank said in its brief. Uncertainty in the global commodity market appears to be worsening after US President Donald Trump…