- XRP Price Drops as CLARITY Act Splits U.S. SEC, CFTC Oversight
- Oil Prices Race Past $100 as Global Energy Crisis Deepens
- AfDB Approves $400m Loan for South Africa’s Municipal Utility Reforms
- Nigerian Naira Firms Up Against USD, EUR, GBP – NFEM FX Turnover Dips
- South African Rand Firms Up, Markets Price In SARB Rate Hike
- Software Stocks Drag Wall Street, FTSE 100, Euro Stoxx 50 Rally
- Nigeria to Narrow Trade Imbalance with China, Leverage Zero-Tariff Policy
- Casino companies have cracked the code on making money from boredom
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.
Prices of crude oil increased as Russia-Ukraine tensions heightened. Ukraine fired a US-made missile into Russia earlier in the week. Brent crude rose to $73.08 per barrel, while the US benchmark West Texas Intermediate also increased to $69.05 per barrel.
Bolstered by improved sentiment, the equities market capitalisation of the Nigerian Exchange (NGX) recorded about N167 billion in gain as investors took positions on banking, cement names, and others.
Sokoto Approves N950m to Complete Independent Power Project The Sokoto State Government has approved N950 million for the completion of 38-megawatt Independent Power Project (IPP) started in 2008. The Commissioner for Information and Culture, Alhaji Sambo Danchadi, disclosed this after the State Executive Council (SEC) meeting on Wednesday in Sokoto. Danchadi said the IPP project, started by former Gov. Alhaji Aliyu Wammako administration in 2008, aimed at providing 24-hour electricity to the state. He said the project would generate 38 megawatts of electricity when completed, assuring that the project would no doubt rejuvenate social and economic activities across the state.…
The bitcoin price tested $94,000 before the world’s largest cryptocurrency retreat on improved sentiment. This first time trading level of $94,000 happened after a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt.
The Pension Fund Operators Association of Nigeria (PenOp), has expressed concerns over proposals from the Nigeria Police Force (NPF), to exit the Contributory Pension Scheme (CPS) to Defined Benefits Scheme (DBS).
Tinubu Seeks Senate Approval of 2025–2027 Fiscal Framework President Bola Tinubu has formally transmitted the 2025–2027 Medium-Term Fiscal Framework (MTF) and Fiscal Strategy Paper (FSP) to the Senate. Tinubu is seeking prompt legislative approval of the documents to guide preparation for the 2025 budget. In a letter addressed to the President of the Senate, Godswill Akpabio, Tinubu said that the MTEF/FSP had been approved by the Federal Executive Council (FEC) during its meeting on Nov. 10. He said that the 2025 budget would be prepared based on the parameters and fiscal assumptions outlined in the MTF/FSP. “It is imperative to…
NDLEA Secures 9,043 Convictions, Arrests 52 Barons The National Drug Law Enforcement Agency (NDLEA) has secured 9,034 convictions in the last three years, says its Chief Executive Officer, Brig.-Gen Buba Marwa (rtd.). Marwa, who disclosed this in Lagos on Tuesday during the Island Club Business luncheon, added that the agency also arrested 52,901 traffickers and 52 barons within the period under review. The NDLEA boss said that most of the culprits were high-profile personalities in the society. “That tells how deeply the rot had eaten into the fabric of our society. “Within the period, we have seized 8.6 million kilograms…
Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N136 billion on Tuesday on health performance on sector indexes.
The G20 on Tuesday launched the Global Alliance against Hunger and Poverty to support the implementation of country-led, country-owned programmes aiming at reducing hunger and poverty worldwide
Local investors increased their bets on Nigerian Treasury bills in the secondary market ahead of the Central Bank of Nigeria’s primary market auction schedule to hold on Wednesday.