- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
- Oil Prices Jump on Heightened Supply Risk, Brent Tops $114
- XRP Selloff Slows as Ripple Supports SEC Crypto Asset Framework
- Global Equities Markets Tank on AI Sustainability, Financing Fears
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 overnight lending rate rose as liquidity conditions in the financial system tightened
The Nigerian naira strengthened against the US dollar, closing at N1315 for official transactions
NVIDIA Tokenized bStocks (NVDAB) is up 2.30% to $230.49, a modest gain that closely tracks…
XRP Price Soars 6.5% on Dovish U.S. Fed Signal Ripple (XRP) price soared by 6.5% over the last 24 hours to $1.4517, outperforming a broader market rally and primarily driven by a macro-driven risk-on shift across crypto. The strong rally builds on a dovish signal from the Federal Reserve that eased rate-hike fears, lifting the entire crypto market. Reflecting investors’ optimism, the total net inflow of $XRP spot ETFs reached $6.1376 million in a single day. The total net asset value of $XRP spot ETFs is $1.552 billion, with an $XRP net asset ratio of 1.68%, and the cumulative historical…
Nigeria and the International Energy Agency (IEA) have signed a Joint Work Programme to strengthen energy data development for policymaking and investment.
Ripple (XRP) is up 5.05% to $1.39, outperforming a broadly positive market, primarily driven by renewed institutional ETF inflows and progress toward a key Nasdaq listing.
NVIDIA Tokenized Stock (Robinhood) is up 3.05% in 24 hours to $224.30 on Thursday,
XRP price jumped by approximately 3% in 24 hours to $1.37 on Thursday, outperforming Bitcoin’s gain
Ethereum Succumbs to Pressure, Price Dips Below $2.4k Ethereum has succumbed to pressure in the crypto market; the price is down by about 1% to $2,393, underperforming a flat Bitcoin, primarily driven by macro-driven risk-off sentiment. ETH dipped amid escalating U.S.-Iran tensions and surging Treasury yields, renewing fears of a Federal Reserve rate hike and triggering a broad crypto sell-off. Renewed military strikes between the U.S. and Iran in the Strait of Hormuz pushed Brent crude above $95, stoking fears of energy-driven inflation. Concurrently, global bond yields spiked, with markets now pricing an approximately 70% probability of a Fed rate…
Nigerian Exchange Index Dips, Investors Lose N41bn The Nigerian stock market reversed its bullish trend on Wednesday as investors took profit across key sectoral indices in the local bourse. The Nigerian Exchange (NGX) All-Share Index (ASI) fell by 0.03% to close at 246,019.17 points, while the year-to-date (YTD) return moderated to +58.10%. Consequently, market capitalisation declined by ₦40.99 billion, closing at ₦158.91 trillion as investors trimmed holdings in NASCON, BETA Glass and Computer Warehouse Group among others. Despite the marginal decline in the benchmark index, investor sentiment remained positive, with market breadth settling at 1.1x, several stockbrokers said in their reports. The…