- 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.
The naira gained about 4.7% in the last seven months, supported by the Central Bank of Nigeria….
Bitcoin (BTC) rebounded; the price is up 2% in 24 hours to $63,322 as investors reacted….
Cardano (ADA) price rose 9.25% in 24 hours to $0.1879, significantly outperforming a flat Bitcoin
AfDB, Standard Bank Seal $332m Deal to Boost South Africa’s SMEs The African Development Bank (AfDB) and Standard Bank Group have signed a 332 million dollar (ZAR5.4 billion) facility to expand access to financing for small and medium-sized enterprises (SMEs) in South Africa. AfDB said this in a statement on Friday, saying the transaction was structured as a First Loss After Capital (FLAC) instrument and listed as a social bond on the Johannesburg Stock Exchange. The bank described the deal as Africa’s first development finance institution-supported social FLAC instrument listed on the exchange, marking a significant milestone in innovative financing…
Transnational Corporation Plc (NGX: Transcorp) rose by about 8% on post-earnings buying momentum
Solana (SOL) price edged higher to $73.38 after South Korean fintech company KSNET integrated Solana Pay into its network, driving investor optimism.
The Nigerian stock market capitalisation closed at N158.70 trillion at the end of July with a year-to-date return of 57.62% following significant sell-offs last week.
University Press Loss After Tax Narrows by 14% to N154mn University Press Plc delivered a more resilient first-half 2026 performance, demonstrating stronger revenue growth and improved cost discipline that significantly reduced losses despite Nigeria’s challenging macroeconomic environment. While the company remains unprofitable, its Q2 2026 results indicate gradual operational improvement driven by better expense management rather than a fundamental turnaround in earnings. Revenue increased by 24.7% to N427.1 million, compared with N342.6 million in the corresponding period of 2025. The growth reflects sustained demand within the education sector despite inflationary pressures, constrained consumer purchasing power, and elevated production costs affecting…
The Nigerian naira dropped slightly to N1368.2232 per US dollar at the official window during the last trading session on Friday, coincidentally the end of July, 2026.
Ripple (XRP) price movement is green, suggesting the next bullish run is about to begin after the token’s movement was restricted due to negative sentiment in the broader crypto market.