- 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.
Zenith Bank Plc’s 41.069 billion outstanding shares were valued at N4.681 trillion, 14% below the 52-week high on the Nigerian Exchange (NGX).
First Holdco gained about 39% in the stock market, breaking support to hit a new high on the Nigerian Exchange
Cardano (ADA) price declined slightly by 0.5% to $0.1652, underperforming a slightly positive broader market, primarily driven by a “sell-the-news” reaction to its major network upgrade.
Ripple (XRP) price rebounds from sell pressure, up 0.54% to $1.09, underperforming the broader market’s 0.83% rise and closely following Bitcoin’s +1.19% move, primarily driven by improved macro sentiment that lifted the entire crypto complex.
Visa (NYSE: V) has announced the Visa Stablecoin Platform (VSP), a new enterprise platform
Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) bolstered the crypto market rally as investors reacted to the New York State Bar Association (NYSBA) tracing updates.
Cardano (ADA) price climbed by approximately 5% in 24 hours to $0.1663, outperforming a broader market up 1.15%, primarily driven by anticipation of today’s major network upgrade.
XRP price climbed slightly as the token set the stage for the next rally, with investors pricing in Ripple’s expanded access to European markets.
Targeted Policy Response Keeps UAE Economy Resilient – IMF The UAE economy has shown remarkable resilience to the conflict in the Middle East, supported by strong buffers, timely and well-targeted policy responses, including those by the government and the Central Bank Financial Institution Resilience Package, and the rerouting of oil and other trade flows, the International Monetary Fund (IMF) said following a recent visit to Dubai. The fund said the UAE’s robust balance sheets across governments and government-related entities (GREs) have helped contain the economic impact, preserve financial stability, and sustain confidence. It noted that fiscal and external balances are…
Ripple (XRP) price declined to $1.08, underperforming a slightly weaker broader market, primarily driven by macro-driven risk aversion and a bearish technical breakdown.