- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
- Money Market Liquidity Tightens as CBN Steps Up OMO Actions
- XRP Falls as Ripple Prime Opens Wall Street Swap Desk
- Cardano Price Falls to $0.20 on Altcoin Sell Pressure
- Fitch Affirms France at ‘A+’ with Stable Outlook
- MTN Nigeria Dips Ahead of Scheduled Dividend Payments
- First Holdco Hits N6.6trn on 60% Distributable Profit Bets
- Navy Disrupts 2 Illegal Refining Sites in Rivers
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.
Pi Network price surged by approximately 5% to $0.0916, significantly outperforming a flat broader market, driven primarily by positive sentiment around a new utility partnership.
Down by about 70% year to date, Ripple (XRP) plunged to $1.02, a new low, following significant sell pressure
Trading at an all-time high, the company’s share price increased more than 7% during…
South African Rand Trades Sideways as Risk Sentiment Improves The South African rand (ZAR) traded sideways on Friday, with improved global risk sentiment fueling the emerging markets currency rally. The market has seen a sharp slowdown in safe-haven demand as the US and Iran resumed negotiations on Middle East peace, with hopes that reopening a major shipping route will curb elevated energy prices. Hence, US dollar index momentum has slowed ahead of non-farm payroll data scheduled for release amidst stagflation concerns. Markets remain encouraged by easing concerns around major energy supply disruptions, although traders continue to monitor developments around the…
Global oil prices edge higher on Friday as uncertainty over the normalisation of shipping through the Strait of Hormuz fueled supply concerns in the Middle East.
The Nigerian naira declined against dominant Western currencies on Thursday amid record demand
Ripple (XRP) is down 3.04% to $1.03 on Thursday, widening the gap between the token market rate and the price target set by crypto traders.
Bitcoin (BTC) price declined 0.69% to $64,382.17, closely tracking a 0.71% drop …
Nigerian Stock Market Surges as Investors Gain N192bn The Nigerian stock market surged on Thursday as investors gained about N192 billion, extending the previous day’s decline on improved sentiment. The equities segment of the Nigerian Exchange closed trading activities on a positive note, with key market performance indicators rising by 0.12%, stockbrokers said. Despite the negative market breadth, the local bourse extended the positive momentum from the previous session, supported by sustained bargain hunting in medium- and large-cap stocks across key market sectors. The NGX All-Share Index climbed by 297.10 basis points in today’s trading session, reflecting a 0.12% increase…
Cardano Gains 10% on Inter-Blockchain Communication Launch Cardano (ADA) gained about 10% in 24 hours to $0.2052, significantly outperforming a nearly flat Bitcoin, primarily driven by a new cross-chain testnet connection with Injective. ADA rallied amidst ecosystem expansion via a new IBC testnet bridge to Injective, boosting interoperability and utility prospects. A formal Inter-Blockchain Communication (IBC) connection between Cardano and Injective launched on testnet on 6 August 2026. This creates the first live on-chain rail between the two ecosystems, allowing test transfers of ADA and INJ. The development is seen as a major step toward greater liquidity and DeFi utility.…