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 Nigerian Exchange (NGX) market capitalisation surpassed N134 trillion as First Holdco, Ecobank Transnational Incorporation (ETI) and Aradel Holdings led today’s rally.
XRP price is up 4.79% to $1.4115 over the past 24h, outperforming a broadly positive market, primarily driven by speculation about a potential integration with the Solana network.
XRP price surged to $1.39 over the past 24h, outpacing a broader market that rose 0.88%, primarily driven by a viral social catalyst from a rival blockchain.
Nairobi Securities Exchange Rises as TotalEnergies, Eaagads Rally Kenya: Equity prices rose by 0.2%, closing at 206.33 points on the Nairobi Securities Exchange (NSE) All-share index, supported by buying interest in TotalEnergies and Eaagad’s uptick, among others. On the gainers chart, TotalEnergies price increased by 8.42%, Eaagads share price rose by 7.9%, Express Kenya inched higher by 7.3%, while Crown Paints and BK Group advanced by 6.% and 3% respectively. On the decliners’ list, Car & General price declined by 7.5%, Longhorn lost 6.7%, Shri Krishana dropped by 5.1%, Unga slipped by 4.4%, while Sanlam fell by 4.2% during the…
Ripple (XRP) price rose to $1.38 after Rakuten Pay integrated the token for Payments, triggering fresh buying in the cryptocurrency market on Wednesday. Trading volume stands at $2.4 billion, down by 25% over the last 24 hours, while the market cap of XRP topped $84 billion.
Seplat Energy Tops N10k Per Share, Highest in 52-Week
Ripple (CRYPTO: XRP) price is down 1.51% to $1.35 over the past 24h, underperforming a slightly weaker broader market, primarily due to a technical rejection at key resistance and a sector-wide rotation away from altcoins.
Ripple’s XRP has been hovering around $1.36 over the past 24h, modestly trailing a broader crypto rally, primarily driven by a major adoption catalyst in Japan. The price has been lifted from $1.30 due to optimism following Ripple’s privacy upgrade for banks, amidst strong Wall Street adoption.
Ethereum Gains 7.1% as Fed Nominee Declares Crypto Holdings Ethereum (ETH) gained 7.12% to $2,366.68 over the past 24h, outpacing Bitcoin’s 5.01% gain, primarily driven by major institutional accumulation that has reduced available supply. Accelerated accumulation by BitMine Immersion Technologies, which bought 71,524 ETH last week and now holds over 4% of the total supply, signalling strong institutional demand and tightening liquidity. The price surged on capital rotation from Bitcoin ETFs into Ether funds, which saw $187 million in weekly inflows, amid a broader market rally fueled by easing geopolitical tensions. BitMine Immersion Technologies, led by Chairman Tom Lee, accelerated…
BTC Rallies as Goldman Sachs Files for Bitcoin Income ETF Bitcoin (BTCUSD) rose by about %% to $75,367.16 over the past 24h, outpacing a broader market rally driven by a geopolitical shift that has eased macro risk. It shows a strong correlation with the S&P 500, indicating a rates/dollar-driven move. The rally was accelerated by crowded positioning, creating a powerful, but potentially fragile, momentum move. Geopolitical de-escalation after former President Donald Trump indicated Iran reached out for peace talks, boosting risk appetite and reducing oil-price inflation fears. A massive short squeeze liquidated over $179 million in leveraged bearish bets, amplified…