- Central Bank Reduces Interest Rate to 23%
- Nigerian Exchange Gains N297bn as Banking Index Drives Momentum
- Pi Network Climbs on Onboarding Progress, Protocol Upgrade
- Nearly 60% of US Adults Can’t Cover a $1K Emergency Expense – Report
- CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins
- NVIDIA Tokenised bStocks Rises on Holders’ 5x Leverage Boosts Bets
- Chief Economists Expect Global Economy to Stabilise
- Ethereum Tops $2.74K as Binance ETH Withdrawal Hits 3Y High
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 naira extended its momentum against the US dollar in the official foreign exchange market, driven by robust FX liquidity and easing demand for international payments.
The Central Bank of Nigeria (CBN) turned down more than N2.4 trillion in investors’ money as total subscription at the open market operation topped N4.6 trillion, according to auction results reviewed by MarketForces Africa.
The Nigerian Exchange (NGX) key performance indicators headed south on Thursday, with selloffs in consumer goods and insurance names leading the decliners.
Ripple (XRP) price capped at $1 as the token stopped reacting to market moves after a 0.90% decline in 24 hours. Sellers appear tired of selling, and buyers are searching for catalysts to drive the next uptrend.
Ripple (XRP) is still in struggle mode; the price fell 0.71% in 24 hours to $1.01 on Thursday….
Bitcoin (BTC) is trading at $63.4k, down slightly on Wednesday amid broader sell pressure
Layer-1 blockchain Harmony has confirmed it was exploited after an attacker minted roughly 4 billion
The Central Bank of Nigeria (CBN) increased the discount rate on 364-day Nigerian Treasury bills (NTB) 17.59% at the midweek auction, amid significant oversubscription.
South African Rand Trades Sideways as Gold, Oil Rally The South African Rand (ZAR) traded sideways on Wednesday against the crosses, including the US dollar, the Euro and the British pound. The local unit was stable as traders continue to assess the ongoing uncertainty surrounding the Strait of Hormuz, which continues to pose a risk to global markets. However, the lack of significant weakness in emerging-market currencies suggests investors are not yet pricing in a broader risk-off environment. The rand traded at R16.19/dollar, R18.68/euro and R21.87/pound, according to a brief released by First National Bank (FNB) stockbroking and portfolio management…
Ukraine Submits Peace Proposals to U.S. Negotiators Ukrainian President Volodymyr Zelensky on Wednesday said that Kyiv had submitted proposals to U.S. negotiators outlining a possible plan to end the war with Russia. Zelenskiy also suggested that Moscow could use next month’s parliamentary election as a pretext for launching a new mobilisation. Peace efforts have largely stalled since the outbreak of the conflict with Iran, with Ukraine continuing to push for a ceasefire after nearly four and a half years of fighting. “We have conveyed our proposals to the American side,” Zelenskiy said in his nightly video address. He said U.S.…