- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
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.
Oil Prices Dip despite Libya’s Move to Shutdown Export In the global commodities market, prices of crude oil have fallen, edging down after a day-prior gain of 3.5% spurred by reports one of Libya’s competing governments is shutting off oil exports in a fight to control the country’s central bank. At the last look, US West Texas Intermediate (WTI) crude oil for October delivery was last seen down US$0.51 to US$76.91 per barrel, while October Brent crude, the global benchmark, was down US$0.46 to US$80.97. The eastern-based Libyan Government, headed by Osama Hammad has declared ‘force majeure’ in all oil…
MTN Nigeria, in partnership with the World Wide Fund for Nature (WWF) through its local partner, the Nigeria Conservation Foundation (NCF), has announced the
The Federal Government has unveiled plans aimed at revitalising key sectors of the economy as a significant step towards addressing Nigeria’s economic
Africa Finance Corporation (AFC) said it is arranging a project development facility to support Africa’s largest gas-to-methanol plant, with the aim of
An indigenous oil company, Matrix Energy Ltd, has filed suit before a Federal Capital Territory (FCT) high court seeking N20 billion in damages over reports
The Kebbi Government has disbursed N6.5 billion to 65, 000 people under ‘Kaura Cares’ of Livelihood Support Programme in the state.
The Katsina State Government says it will invest N30 billion in irrigation farming to boost agricultural sector in the state.
S&P Global Ratings has lowered its long-term sovereign credit rating on Kenya to ‘B-‘ from ‘B’ with outlook accorded as stable. At the same time, the global
US Dollar Mixed on Powell’s Rate Cut Signal The US dollar was mixed against its major trading partners early Monday as markets now turn their attention to the usual end-of-month data releases before the long holiday weekend. The dollar strengthened against the euro and pound, but the greenback dropped against the yen and Canadian dollar in the foreign exchange market on Monday. Analysts said last week the market seems to be in the mood to sell US dollars as the index wobble in the past week. Fuel for that dollar selling could be some benchmark revisions to US job numbers,…
Oil Hits $80 Amidst Escalating Tensions in Middle East Oil prices jumped near $80 per barrel in the global commodities market following a major clash between Hezbollah and Israel over the weekend. On the positive side, U.S. Fed interest rate cuts lifted the demand outlook even with downside demand pressure relating to weak data in China. Brent crude rose by 2.6% to $80.20 a barrel, breaking above $80 a barrel for the first time since mid-August, while US WTI increased by 3.2% to $77.18 a barrel at last look early Monday. The Israeli – Hezbollah latest clash raised fears that…