- Global Equities Markets Open Bearish over Fed Hawkish Tone
- 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
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 Central Bank of Nigeria (CBN) is scheduled to auction Nigerian Treasury bills totalling N700 billion…
GCR Affirms Nova Bank Ratings, Revises Outlook to Stable GCR Ratings (GCR) has affirmed Nova Commercial Bank Limited’s national scale long- and short-term issuer ratings of BBB(NG) and A3(NG), respectively, with the outlook revised to stable from evolving. According to GCR, Nova Bank’s ratings balance its improved capitalisation metrics and adequate liquidity against an elevated credit risk profile, weak earnings quality, and modest competitive position within the Nigerian banking sector. Nova Bank, a regional commercial bank, has operated under its current licence for two years following its transition from a merchant bank in July 2024. The bank’s total assets declined…
BUA Foods Drops 10% after N28 Dividend Payment BUA Foods Plc’s market value declined by 10% after the food producer paid its shareholders a N28 dividend per share at the annual general meeting held in mid-July, 2026. The food producer’s share price declined to N845.10 amidst thin trading volume relative to its 18 billion outstanding shares in the stock market. The market, investors, and equities analysts are anticipating the group’s earnings release to drive fresh re-rating, a pattern that has continued following the release of its financial scorecards. The company’s share price, which reached an all-time high of N967 on…
XRP price edged up slightly to $1.10, still hovering around a strong support line after a failed attempt to breach resistance in the just concluded week.
Global Crypto Market Cap Rises as Investors Rotate Capital to Altcoins The total cryptocurrency market capitalisation increased by 0.96% to reach $2.30 trillion, primarily driven by price appreciation in Bitcoin, Ethereum, and other altcoins. The key driver of the latest crypto market surge is demand for altcoins, though Bitcoin also saw a moderate positive price movement that pushed the market value of all digital assets upward. Bitcoin (BTC) rose 0.87% to trade at $64,800, while Ethereum (ETH) gained 2.13% to hit $1,910, and Binance Coin rose 1.23% to $573. Most sectors posted gains between 0% and 3%, with the Meme…
Ethereum (ETH) price is up 2.5% to $1,911, outperforming a flat Bitcoin and primarily driven by sustained institutional accumulation via spot ETFs and on-chain staking demand.
Ripple (XRP) is setting the stage for a fresh rally; the price increased by about 2% to $1.1027, outperforming the broader crypto market, driven by renewed buying actions.
XRP price stalled below $1.10 amid Ripple’s investment in Notabene ….
Lagos Introduces Building Insurance Scheme The Lagos State Government has introduced the Lagos State Building Insurance Scheme (LAGBIS) to enforce compulsory building insurance and protect lives and property. The government says growth without safety is not progress, hence the scheme. The state Governor, Mr Babajide Sanwo-Olu, represented by the Deputy Chief of Staff, Mr Sam Egube, stated this at the unveiling of the scheme on Friday in Lagos. He said the initiative was aimed at strengthening building safety, promoting accountability in the construction sector and reinforcing Lagos’ position as a safe, responsible and globally competitive city. “What we are launching…
Monero (XMR) price is up 3.61% to $364.41 after key updates, significantly outperforming a declining Bitcoin, supported by a technical breakout and strong momentum.