- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
- Ethereum Price Slips 4% as Investors Liquidate Positions
- Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
- Only 20% of POS Operators Registered- CAC Chairman
- FG Finally Hands Over Enugu Airport to Concessionaires
- We’re Rebuilding Abuja, Building Trust, Restoring Hope in Governance – Tinubu
- FG Signs 2026 Performance Pact to Promote Investment, Trade Expansion
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.
The Nairobi Securities Exchange (NSE) All-share index (ASI) declined as investors pulled profits by selling Longhorn, Kenyan Airways, Unga Group, Express Kenya, and Britam shares.
Ripple (XRP) broke below key support at $1.37 on Tuesday, dipping to $1.37 under sell pressure and underperforming a slightly weaker broader market.
Bitcoin (BTC) price declined to $76,187.82, underperforming a slightly softer broader market, primarily driven by a shift in geopolitical risk sentiment.
The South African Rand weakened across the board, trading lower against the US dollar, the Euro and the British pound, on Tuesday as gold, the country’s major export earner, came under pressure.
Johannesburg Stock Exchange (JSE) is set for a softer opening following a sluggish prior close, with Asian markets broadly lower and Tencent down 0.46%, offering a slightly negative read-through for Naspers and Prosus.
Ethereum (ETHUSD) declined by about 2% in 24 hours to $2,289.09, underperforming a slight market-wide pullback amid a broader crypto sell-off.
Ripple (XRP) price broke below $1.40 on Tuesday, underperforming the broader market dip and primarily driven by correlated selling pressure with Bitcoin.
Transcorp Power Posts N30bn Profit in Q1 2026 Transcorp Power Plc delivered about N30 billion profit after tax in the first quarter of 2026, details from the company’s unaudited financial statement revealed. The power-generating company’s earnings eased as sector-wide headwinds weighed heavily on its topline. Details showed that Transcorp Power’s revenue declined by 10.2% year on year, from ₦105.44 billion in Q1 2025 to ₦94.59 billion. Reflecting sector wide headwinds, the company reported that profit from operating activities fell from ₦44.54 billion to ₦36.53 billion. In its commentary note, CardinalStone Securities said the revenue shortfall was primarily operational in nature…
Bitcoin Dips as Clarity Act Stalls Over Trump’s Crypto Interest Bitcoin (BTC) price fell to $76,998.51 as the Clarity Act stalled amid the US President Donald Trump’s crypto-holding limit. The world’s largest digital asset price has reached $79k, but the attempt to cross the resistance was rejected. Trading volume picked up 120% on the day to $40 billion. The CLARITY Act, a flagship market structure and stablecoin bill, has been held up in the Senate Banking Committee since January, following initial fights over yield-bearing stablecoins. The main obstacle is now the ethics language that would restrict how Trump and other…
The Debt Management Office (DMO) increased rates on Nigerian government bonds across reopened 5- and 7-year papers, amid softer subscription levels.