- 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.
The Nigerian naira opened the month of May slightly stronger as foreign reserves continue to climb again, following fresh inflows from hydrocarbon sales and offshore investors’ portfolio building.
Ripple (XRP) gained more than 2% over the past 24 hours to $1.34, outperforming a flat Bitcoin, primarily driven by steady institutional accumulation via spot exchange-traded funds (ETFs).
The naira climbed against the US dollar to 1,373 at the Nigerian Foreign Exchange Market (NFEM) at the close of the trading session on Friday.
The Central Bank of Nigeria (CBN) conducted an open market operation in which it offered N600 billion in OMO bills to investors across three tenors.
Stellar (XLM) price soared by 24.09% in 24 hours to $0.20872, dramatically outperforming a flat broader market, primarily driven by a landmark institutional partnership announcement.
South African Rand (ZAR) rallied against Western currencies late on Thursday after the South African Reserve Bank raised key rates by 25 basis points.
Ethereum (ETHUSD) sank 4% to $1,992.21 as fear underscored trading activities in the cryptocurrency market on Thursday following renewed attacks between the US and Iran.
Bitcoin Price Tumbles on Geopolitical Risk, Huge Unwind Leverage Bitcoin (BTC) price declined 3% to $73,308.33 on Thursday as renewed geopolitical tensions stoked sell-offs and a massive unwind of leverage. The BTC price decline was driven by a macro shock that exposed weak institutional demand and overleveraged markets. The digital asset underperformed a falling market. It shows a strong correlation (84%) with Gold, indicating a shared macro-driven move. The primary catalyst was renewed U.S. military strikes on Iran near the Strait of Hormuz on May 27-28, which reversed ceasefire hopes and triggered a global risk-off reaction. This caused Bitcoin, viewed…
Ripple (XRP) breached its crucial $1.30 support level on Thursday, following significant sell-offs, as renewed geopolitical tensions dragged down Bitcoin and Ethereum.
GCR Affirms Stanbic IBTC Bank AAA/ A1+ Ratings, Outlook Stable