- Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks
- Prices of Crude Oil Hold Below $80 on US-Iran Peace Progress
- Nigerian Treasury Bills Yields Fall on Naira Asset Attractiveness
- OMO Debit Drains Money Market Liquidity, Overnight Rate Dips
- Naira Falls as Interbank FX Turnover Dips 52% on Reduced Deal Count
- XRP Dives to Technical Battleground as Grayscale’s GXRP Trust Selloff
- Monetary Policy Focused on Price Stability in 2025 – CBN
- Nigeria’s Domestic Economy Expanded by 3.87% in 2025 – CBN
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.
Bitcoin (BTC) gained 3% to $64,227.08 after Michael Saylor of Synergy Inc. launched the Bitcoin Banking Adoption Index, boosted by a favourable macro shift.
The naira tumbled at the Nigerian foreign exchange market (NFEM) on Tuesday, as official trading data…
The Central Bank of Nigeria (CBN) conducted an open market operation on Tuesday, offering N600 billion in OMO bills for subscription across four tenors.
The Nigerian Exchange (NGX) All-Share Index (ASI) rebounded on Tuesday, driven by buying interest….
The Central Bank of Nigeria (CBN) is scheduled to raise N750 billion from Treasury bills subscription at the primary market auction on Wednesday.
The dollar index (DXY) fell more than 0.5% to around 100.7 on Tuesday after softer-than-expected US
Relatively oversold, XRP price turned green on Tuesday as new momentum builds following Ripple’s ….
Oil prices climbed nearly 2% on Tuesday as renewed US military action against Iran and heightened
Naira Trades Sideways Against USD as FX Pressure Tempers The naira traded sideways at the Nigerian foreign exchange market (NFEM) on Monday amid low FX buying and selling activity in official transactions. Both pairs -the naira and the US dollar- maintained their relative strength as the energy crisis raised global inflation risks and amid the US Fed’s hawkish stance, which affected African currencies. The market is seeing FX trading that continues to swing both sides in the absence of directional bets by eligible actors at the official window. The local unit closed at N1379.6504 per US dollar at the official…
XRP Price Dives Ahead of July 17 U.S. House CLARITY Hearing XRP dived to $1.07, closely tracking a broader market sell-off driven primarily by escalating geopolitical tensions and inflation fears. The drop was amplified by a technical breakdown below key support and fading on-chain demand. Broader market risk-off sentiment was triggered by renewed U.S.-Iran military strikes, which pushed oil prices higher and stoked inflation concerns, pressuring all risk assets. XRP moved in lockstep with Bitcoin as a risk asset. Over the weekend, renewed U.S. airstrikes on Iran raised crude oil prices by over 5%, reviving fears of persistent inflation and…