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.

SpaceX Tokenised bStock Up as Ondo Adds Stock as Collateral

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SpaceX Tokenised bStock Up as Ondo Adds Stock as Collateral SpaceX Tokenised bStocks is up 0.83% to $139.05, moving independently of a slightly lower Bitcoin. The gain is primarily driven by expanded on-chain utility, as its tokenised version was added as collateral for perpetual futures trading. Ondo Perps added SpaceX’s tokenised stock (SPCXon) as eligible collateral, increasing its financial utility and potential demand. Ondo Perps announced on August 26 that tokenised SpaceX stock can now be used as collateral for perpetual futures trades. This lets holders gain leverage while keeping their equity exposure, adding a new use case beyond simple…

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Oil Prices Decline as U.S. Changes Plan on How to Fight Iran

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Oil Prices Decline as U.S. Changes Plan on How to Fight Iran ​​​​​​​Oil prices fell on Wednesday as Washington’s shift from military strikes to economic pressure on Iran eased immediate supply fears. At the same time, uncertainty over the reopening of the Strait of Hormuz and expectations for another Federal Reserve (Fed) rate hike by year-end added downward pressure. International benchmark Brent crude futures for November delivery traded at $85.49 per barrel at 09.52 a.m. local time (0652 GMT), down 2% from the previous close of $87.27. US benchmark West Texas Intermediate (WTI) crude futures for October delivery traded at…

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Cardano Price Drops Ahead of Governance Vote Deadline

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Cardano Price Drops Ahead of Governance Vote Deadline Cardano (ADA) price declined 4.59% in 24 hours to $0.211 on Wednesday, underperforming a slightly weaker broader market, primarily driven by uncertainty around a critical governance vote deadline. The move reflects a combination of coin-specific risk and a broader capital rotation away from altcoins. Traders said governance vote uncertainty creating near-term overhang. Cardano faces a critical constitutional committee vote that expires on September 1 (epoch 653). As of August 25, support from delegated representatives (DReps) and stake pool operators (SPOs) was still short of the required thresholds. If the vote fails, governance…

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