- 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.
Demand surge drove Nigeria’s private sector growth in July, according to the Purchasing Managers’ Index (PMI) released by Stanbic IBTC Bank today.
Bitcoin price dived to $62,560 on Monday as investors react negatively to the Coldcard exploit
The naira gained about 4.7% in the last seven months, supported by the Central Bank of Nigeria….
Bitcoin (BTC) rebounded; the price is up 2% in 24 hours to $63,322 as investors reacted….
Cardano (ADA) price rose 9.25% in 24 hours to $0.1879, significantly outperforming a flat Bitcoin
AfDB, Standard Bank Seal $332m Deal to Boost South Africa’s SMEs The African Development Bank (AfDB) and Standard Bank Group have signed a 332 million dollar (ZAR5.4 billion) facility to expand access to financing for small and medium-sized enterprises (SMEs) in South Africa. AfDB said this in a statement on Friday, saying the transaction was structured as a First Loss After Capital (FLAC) instrument and listed as a social bond on the Johannesburg Stock Exchange. The bank described the deal as Africa’s first development finance institution-supported social FLAC instrument listed on the exchange, marking a significant milestone in innovative financing…
Transnational Corporation Plc (NGX: Transcorp) rose by about 8% on post-earnings buying momentum
Solana (SOL) price edged higher to $73.38 after South Korean fintech company KSNET integrated Solana Pay into its network, driving investor optimism.
The Nigerian stock market capitalisation closed at N158.70 trillion at the end of July with a year-to-date return of 57.62% following significant sell-offs last week.
University Press Loss After Tax Narrows by 14% to N154mn University Press Plc delivered a more resilient first-half 2026 performance, demonstrating stronger revenue growth and improved cost discipline that significantly reduced losses despite Nigeria’s challenging macroeconomic environment. While the company remains unprofitable, its Q2 2026 results indicate gradual operational improvement driven by better expense management rather than a fundamental turnaround in earnings. Revenue increased by 24.7% to N427.1 million, compared with N342.6 million in the corresponding period of 2025. The growth reflects sustained demand within the education sector despite inflationary pressures, constrained consumer purchasing power, and elevated production costs affecting…