- 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.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has allocated 61.9 million barrels of crude oil to domestic refineries in the First Quarter (Q1) 2026, against 68.7 million barrels offered by producers.
Zenith Bank Names Mustafa Bello Chairman Board of Directors Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing Zenith Bank’s high standards of corporate governance, regulatory compliance, and strategic oversight for which It is widely respected. He joined the Board…
The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released.
XRP gained about 2% to $1.42 over the past 24h, closely tracking broader market gains, primarily driven by its positive beta with Bitcoin amid Ripple’s plan to share hacker intelligence with the crypto industry.
The naira dropped against the US dollar at the Nigerian Foreign Exchange market (NFEM) on Tuesday on increased demand for foreign payments.
Hyperliquid (HYPE) gained 6.49% to $43.63 on Tuesday, outpacing Bitcoin’s 3.2% gain, driven by the successful launch of its HIP-4 prediction markets, which are attracting new users and volume.
The Central Bank of Kenya (CBK) is scheduled to reopen three Treasury bonds on Wednesday as the authority anticipates a large payout in May.
Bitcoin (BTC) price surged by about 3% to $81,007.13 on Tuesday, outpacing the broader market’s 2.2% gain, driven by renewed institutional ETF demand and a geopolitical relief rally.
The Nigerian sovereign Eurobonds yield declined in the international market amid growing interest from foreign portfolio investors in top oil-linked African issuers.
The average yield on Nigerian government bonds declined in the secondary market amid cautious trading activities, although investor confidence in local debt instruments remains strong.