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.
Bitcoin Price Tumbles on Geopolitical Risk, Huge Unwind Leverage Bitcoin (BTC) price declined 3% to $73,308.33 on Thursday as renewed geopolitical tensions stoked sell-offs and a massive unwind of leverage. The BTC price decline was driven by a macro shock that exposed weak institutional demand and overleveraged markets. The digital asset underperformed a falling market. It shows a strong correlation (84%) with Gold, indicating a shared macro-driven move. The primary catalyst was renewed U.S. military strikes on Iran near the Strait of Hormuz on May 27-28, which reversed ceasefire hopes and triggered a global risk-off reaction. This caused Bitcoin, viewed…
Ripple (XRP) breached its crucial $1.30 support level on Thursday, following significant sell-offs, as renewed geopolitical tensions dragged down Bitcoin and Ethereum.
GCR Affirms Stanbic IBTC Bank AAA/ A1+ Ratings, Outlook Stable
The Irish economy is projected to grow at a slower but still robust pace, the International Monetary Fund (IMF) said at the end of its latest official staff visit to Ireland.
Bitcoin (BTCUSD) plunged below $75k on Wednesday as institutional sell-offs dampened sentiment amid a lawsuit in New York.
Global markets kick off strong on Wednesday, with Technology and Artificial Intelligence (AI) stocks driving momentum in the previous trading session.
The Nigerian naira declined across foreign currency markets due to surging demand for the US dollar, the Euro and the Sterling. Daily FX data released by the Central Bank of Nigeria (CBN) showed that the local currency closed the trading session at ₦1,375.4073 per US dollar, up from ₦ 1,374.9172 the previous day.
XRP signals price recovery with 1.25% gain in the last 1 hours, according to trading data from a crypto exchange on Tuesday. Its trading volume remains low, down 12% over the last 24 hours to $1.2 billion amidst seller crypto market conditions.
Global equity markets were relatively subdued, with the United States (US) markets closed for Memorial Day and the United Kingdom’s (UK) markets closed for a bank holiday, leaving continental European bourses to set the tone.
Toncoin Gains 10%, Cluster of Ecosystem Updates Drive Rally Toncoin gained about 10% over 24 hours to $1.93, significantly outperforming a flat broader market, driven primarily by positive ecosystem development news and a high-volume technical breakout. According to data from a crypto exchange, Toncoin price climbed on a 175% increase in trading volume on the day, with transaction value standing at $507 million at the time of reporting. The momentum was driven by a cluster of bullish ecosystem updates, including a streamlined developer workspace and a scheduled mainnet upgrade, which fueled speculative buying. Multiple positive updates for The Open Network…