- Moody’s Changes Nigeria’s Credit Rating Outlook to Positive
- 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
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.
Ethereum price hovered at $1,855, down by 2% due to a technical breakdown from key resistance levels amid persistent structural concerns.
The money market has been flooded with a significant surge in liquidity amidst the latest open market operation auction, where the Central Bank auctioned OMO bills worth N600 billion for subscription.
The Central Bank of Nigeria (CBN) allotted OMO bills with 141 days to maturity worth N2.523 trillion at the spot rate of 20.10% on Monday to banks and foreign portfolio investors (FPIs).
The naira rose against the US dollar at the Nigerian Foreign Exchange Market (NFEM) amidst a 132% surge in forex market turnover, reflecting increased trading activities at the official window.
Hyperliquid (HYPE) price rose 4.43% to $54.70, significantly outperforming Bitcoin’s +1.05% gain, primarily driven by strong protocol fundamentals and deflationary token burns.
Cardano price topped $0.19 on Monday following an additional 2% gain, slightly outperforming a flat Bitcoin, driven by investor anticipation for its next major upgrade phase and aggressive whale accumulation.
Ripple (XRP) price is down 1.45% to $1.06, driven by broader crypto market weakness
Ripple has announced strategic investments in ZILO, which specialises in global transfer agency asset technology solutions for asset managers and wealth managers.
Demand surge drove Nigeria’s private sector growth in July, according to the Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank today.
Bitcoin price dived to $62,560 on Monday as investors react negatively to the Coldcard exploit
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