- 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.
Bitcoin (BTC) price declined 0.69% to $64,382.17, closely tracking a 0.71% drop …
Nigerian Stock Market Surges as Investors Gain N192bn The Nigerian stock market surged on Thursday as investors gained about N192 billion, extending the previous day’s decline on improved sentiment. The equities segment of the Nigerian Exchange closed trading activities on a positive note, with key market performance indicators rising by 0.12%, stockbrokers said. Despite the negative market breadth, the local bourse extended the positive momentum from the previous session, supported by sustained bargain hunting in medium- and large-cap stocks across key market sectors. The NGX All-Share Index climbed by 297.10 basis points in today’s trading session, reflecting a 0.12% increase…
Cardano Gains 10% on Inter-Blockchain Communication Launch Cardano (ADA) gained about 10% in 24 hours to $0.2052, significantly outperforming a nearly flat Bitcoin, primarily driven by a new cross-chain testnet connection with Injective. ADA rallied amidst ecosystem expansion via a new IBC testnet bridge to Injective, boosting interoperability and utility prospects. A formal Inter-Blockchain Communication (IBC) connection between Cardano and Injective launched on testnet on 6 August 2026. This creates the first live on-chain rail between the two ecosystems, allowing test transfers of ADA and INJ. The development is seen as a major step toward greater liquidity and DeFi utility.…
Risk-On: South African Rand Steadies Versus US Dollar The South African rand steadied against the US dollar, Euro, and Sterling as pressure on emerging market currencies eased amid risk-on sentiment in global markets. The US dollar index has broadly weakened as demand for safe-haven assets eased amid hopes of a resolution to the Middle East conflict. Oil prices were down, and yellow metals fluctuated as US-Iran peace talks reduced pressure from the global energy crisis and inflation concerns, and optimism about a Fed interest rate hike. In a brief, THE stockbroking and portfolio management subsidiary of First National Bank (FNB)…
Global equities markets were mixed as a hawkish statement from a Fed official rattled mega stocks
The naira slid by ₦1.30 to ₦1,363.85 at the Nigerian foreign exchange market …
XRP price dived to $1.05, a technical battleground for a decisive uptrend or downtrend in the token price
Prof. Eghosa Osaghae, Director-General of the Nigerian Institute of International Affairs (NIIA), on Wednesday advocated a rebalance of powers between the Federal Government and federating units to strengthen Nigeria’s federal system.
GCR Ratings has assigned Odu’a Investment Company Limited (OICL) national Scale long-term and short-term
FG Assures Public Servants of Wage Award Payment Before August 15 The Federal Government has assured public servants that payment of outstanding wage awards will be made before the middle of August. This is contained in a statement on Wednesday in Abuja issued by Efe Ovuakporie, Head of Information and Public Relations in the Federal Ministry of Finance. According to the statement, the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele, gave the assurance during a meeting with labour leaders led by the National President of the Joint Public Service Negotiating Council (JPSNC), Trade Side, Comrade…