- Oil Prices Decline Amidst Imbalanced Global Demand, Supply
- Rand Firmer on Improved Investors’ Appetite for EM Currencies
- Bullish T-Bills Run Ahead as CBN Rejects Bids, Prices 1-Year Bill at 17.66%
- FG Boosts Global Authentication of Nigerian Passports
- Jack-Rich, Eric Trump Advocate Closer U.S.-Nigeria Ties
- Nigeria’s Economy on Steady Growth, Tinubu Tells Deloitte Africa
- Federal Govt. Unveils $500m Niger Delta Agric Investment Fund
- Court Orders Final Forfeiture of 48 Properties Linked to Ex-Attorney General Malami
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.
Global equities markets ease on AI, technology stock valuation concerns, and renewed Middle East escalation, which dampened investors’ appetite.
Fitch Ratings has affirmed Infrastructure Credit Guarantee Company PLC’s (InfraCredit) Insurer Financial Strength (IFS) Rating at ‘BB-‘ and National IFS Rating at ‘AAA(nga)’.
Standard Bank Group has reaffirmed its commitment to support the growth of Dangote Industries Limited, pledging backing for the planned listing of the Dangote Petroleum Refinery while expressing readiness to finance future expansion projects across the continent.
The Kebbi Investment Promotion Agency (KIPA) has attracted foreign investors’ commitments worth $4.10 billion across all sectors. The Director-General of the agency, Dr Muhammad Kabir, disclosed this at a press conference in Birnin Kebbi on Tuesday.
The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.
With a double-digit decline in its trading volume on Tuesday, Ripple (XRP) has been significantly sold off, with a 22% decline in market price over the last 30 days.
Cardano price (ADAUSD) dipped by about 3% to $0.1658 on Tuesday, driven by a risk-off move across crypto amid extreme fear. Trading volume is down 16% with $243 million in transaction value.
Bitcoin price (BTCUSD) fell by about 4% on Tuesday to $61.6k, driven by a technical breakdown below key support levels amid persistent institutional selling pressure.
Binance coin (BNBUSD) price climbed by about 3% to $606.96, closely tracking a broader market rebound primarily driven by a macro-driven relief rally across crypto.
Solana (SOL) price increased by 5% to $67.36, outperforming a broader market rebound primarily driven by a potential liquidity signal from a major stablecoin mint and oversold technical conditions.