- ADA Dips as Market Shifts, Cardano Foundation Takes Over Token2049
- Oil Prices Decline Amidst Imbalanced Global Demand, Supply
- Rand Firmer on Improved Investors’ Appetite for EM Currencies
- Bullish T-Bills Run Ahead as CBN Rejects Bids, Prices 1-Year Bill at 17.66%
- FG Boosts Global Authentication of Nigerian Passports
- Jack-Rich, Eric Trump Advocate Closer U.S.-Nigeria Ties
- Nigeria’s Economy on Steady Growth, Tinubu Tells Deloitte Africa
- Federal Govt. Unveils $500m Niger Delta Agric Investment Fund
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 rose on Monday as efforts to balance the global demand and supply equation continued to yield less favourable outcomes, with US President Donald Trump’s ‘clock is ticking’ warning to Iran.
The US dollar climbed to its highest level in about a month on surging demand for safe havens as concerns over war-driven inflation intensified.
NGX Surges by N3.34trn, Year-to-Date Return Rises to 61% With a year-to-date return of about 61%, the Nigerian Exchange (NGX) surged by N3.34 trillion as investors continued to bet on the earnings potential of some companies’ stocks. The local bourse ended the week on a strong bullish note, as sustained gains in key counters drove overall market performance. The NGX All-Share Index (ASI) advanced by 2.27% week-on-week to close at 250,330.92 points, while market capitalisation rose to ₦160.44 trillion, reflecting an increase of approximately ₦3.34 trillion. Consequently, year-to-date returns strengthened to 60.87%, underscoring continued positive investor sentiment. Market breadth also…
Intesa Sanpaolo, Italy’s largest bank, more than doubled its crypto-related investment exposure in the first quarter. The bank’s crypto exposure increased to about $235 million at the end of March from roughly $100 million at the end of 2025.
Bitcoin (BTC) staged a price recovery, climbing by about 1% to $78.5k, as Italy’s largest Bank doubled its crypto holdings amid sell pressure in the cryptocurrency market.
Aliko Dangote has revealed that persistent foreign exchange (FX) challenges forced him to exit Nigeria’s flour and textile industries, marking one of the most significant strategic shifts in his business career.
Ethereum (ETHUSD) dipped 3.21% to $2,222.26 amid substantial exchange-traded fund (ETF) outflows, reflecting large investors exiting positions amid geopolitical tensions.
BTCUSD- Bitcoin Drops Below $80k on Broad Macro Selloffs Bitcoin (BTC) price declined by 2.77% to $79,098.72 over the past 24h, closely tracking a 2.75% decline in the total crypto market cap, primarily driven by a broad macro selloff triggered by surging government bond yields and renewed inflation fears. The world’s largest digital assets price drop is a symptom of tightening macro liquidity, not a breakdown of its core thesis. The path forward depends on the tug-of-war between persistent institutional accumulation and near-term rate sensitivity. Crypto analysts noticed a risk-off move across traditional and crypto markets as rising Treasury yields…
Nigeria’s headline inflation rate for April climbed to 15.69% year on year (YoY), according to the latest data released by the Statistics office on Friday.
Hyperliquid HYPEUSD is up 16.63% to $45.57 as Coinbase becomes an official USDC deployer, driving a significant volume increase in the last 24 hours.