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.

XRP Climbs as Ex-Ripple CTO Says Token Could Top Bitcoin

News

XRP Climbs as Ex-Ripple CTO Says Token Could Top Bitcoin Ripple XRP price inched up by more than 1% in 24 hours, aligning with broader recovery in the crypto market on Saturday, driven by exchange-traded fund (ETF) inflows. XRP was trading near $1.3672 on Saturday after fluctuating within the mid-$1.30 range during recent sessions. The token’s trading volume is up 28% in 24 hours to $3.2 billion as investors re-entered positions after a mild sell-off. Broader market sentiment is soft. The global cryptocurrency market cap is modestly recovering, with total market capitalisation up 1.07% to $2.64 trillion over 24 hours. …

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NVIDIA Tokenised bStocks Drops on Broader Market Selloffs

Cryptocurrency

NVIDIA Tokenised bStocks Drops on Broader Market Selloffs NVIDIA Tokenised bStocks (NVDAB) fell 1.05% over 24 hours to $219.55 on Friday, closely tracking a broader crypto market dip, with Bitcoin down 0.99%. With about $14 million in transaction value over the 24 hours, NVDAB recorded a 17% increase in trading volume on Friday, led by sell-side actors. NVDAB’s 1.05% drop closely mirrors Bitcoin’s 0.99% decline and the total crypto market cap’s 1.02% fall over the same period. The token is down 5.33% for the week, closely mirroring broader tech sentiment. This high correlation suggests the tokenised stock is moving primarily…

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South African Rand Falls Against USD Amid Mixed Economic Data

News

South African Rand Falls Against USD Amid Mixed Economic Data The South African Rand weakened against a stronger US dollar, driven by mixed economic indicators, while bullion faced downward pressure in the global commodity market on Friday. The rand fell to R16.19 against the US dollar, driven by a stronger greenback and rising oil prices. Domestic production data and a newly reported Q2 2026 current account deficit also influenced investor sentiment, according to First National Bank (FNB). Bullion prices fell to $4,329.49 after a sharp drop in the previous session, weighed down by rising US inflation expectations, higher Treasury yields,…

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