- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
- Ethereum Price Slips 4% as Investors Liquidate Positions
- Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
- Only 20% of POS Operators Registered- CAC Chairman
- FG Finally Hands Over Enugu Airport to Concessionaires
- We’re Rebuilding Abuja, Building Trust, Restoring Hope in Governance – Tinubu
- FG Signs 2026 Performance Pact to Promote Investment, Trade Expansion
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.
Equities investment analysts at CardinalStone Securities Limited, one of the top brokers with the highest transaction record in the Nigerian Exchange, have raised Unilever Nigeria’s 12-month target price to a hold recommendation.
The Nigerian local currency, the naira, rallied across the currency markets on Thursday, driven by improved FX liquidity. In its daily FX report, the Central Bank reported that the spot FX rate rose by ₦1.49 to N1355.85 against the U.S. Dollar.
The U.S. trade position is evolving in response to significant tariff policy actions in 2025, with the main adjustment occurring in import composition rather than in the aggregate balance, according to Fitch Ratings.
Senate Passes 2026 Electoral Act Amendment Bill The Senate has passed the 2026 Electoral Act Amendment bill, with a focus on the court’s jurisdiction in handling pre-election matters. The passage followed the Committee on INEC’s report presentation by its Chairman, Sen. Simon Lalong (APC-Plateau), at plenary on Thursday. The News Agency of Nigeria (NAN) reports that the proposed amendment aims to address gaps, timelines and court jurisdiction in the resolution of pre-election disputes. Lalong in his lead debate said the bill sought to address one of the most persistent procedural and constitutional challenges in the nation’s electoral jurisprudence. According to…
Access Holdings Plc has clarified that its inability to pay dividends for the 2025 financial year was due to regulatory and prudential compliance requirements rather than weak earnings or liquidity challenges.
The Eurobonds market mirrored this positivity, as average yields retreated 7bps to 6.72%, underscoring strong global investor interest and an increasingly favourable outlook toward Nigeria’s dollar-denominated sovereign obligation
Down from a 3-month high, Bitcoin (BTCUSD) dipped to $81,203.32, slightly underperforming a broadly flat crypto market. The move is primarily driven by a cooling-off period and profit-taking after a strong multi-day rally fueled by geopolitical optimism and ETF inflows.
The Central Bank of Nigeria (CBN) continues to price down Nigerian Treasury bills, albeit with a soft touch across standard tenors at the midweek auction.
Excess liquidity in the financial system, totalling N6.2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank.
Ecobank Delivers Q1 Earnings on Asset Quality Reset, Efficiency Ecobank Transnational Incorporated delivered a resilient first-quarter performance in 2026, underpinned by strong revenue growth and notable gains in operating efficiency, even as the bank undertook a significant balance-sheet clean-up. Gross earnings rose by 27.1% year-on-year to exceed N1.14 trillion, reflecting robust revenue generation across core business lines. This growth was reinforced by improved funding efficiency, with cost of funds declining to 2.50% from 2.90% in 2025, positioning the bank favourably in a high-rate environment and supporting margin stability. A key highlight was the bank’s efficiency milestone, with Ecobank reducing its…