- Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings
- Nigeria Launches Global Investors’ Expo to Market Credible Projects
- Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier
- Nigerian Stock Market Surges as Investors Gain N192bn
- Cardano Gains 10% on Inter-Blockchain Communication Launch
- Risk-On: South African Rand Steadies Versus US Dollar
- Tinubu Orders EFCC to Vacate Court Order on Osun’s N11bn Probe
- Global Markets Mixed as Hawkish Talks Rattle US Mega Stocks
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 Kebbi Investment Promotion Agency (KIPA) has attracted foreign investors’ commitments worth $4.10 billion across all sectors. The Director-General of the agency, Dr Muhammad Kabir, disclosed this at a press conference in Birnin Kebbi on Tuesday.
The equities market extended its bullish run on Tuesday, with the Nigerian Exchange (NGX) All-Share Index (ASI) advancing by 0.53% to close at 244,697.62 points.
With a double-digit decline in its trading volume on Tuesday, Ripple (XRP) has been significantly sold off, with a 22% decline in market price over the last 30 days.
Cardano price (ADAUSD) dipped by about 3% to $0.1658 on Tuesday, driven by a risk-off move across crypto amid extreme fear. Trading volume is down 16% with $243 million in transaction value.
Bitcoin price (BTCUSD) fell by about 4% on Tuesday to $61.6k, driven by a technical breakdown below key support levels amid persistent institutional selling pressure.
Binance coin (BNBUSD) price climbed by about 3% to $606.96, closely tracking a broader market rebound primarily driven by a macro-driven relief rally across crypto.
Solana (SOL) price increased by 5% to $67.36, outperforming a broader market rebound primarily driven by a potential liquidity signal from a major stablecoin mint and oversold technical conditions.
The naira traded sideways against the US dollar in the official window on Monday, reflecting low payment pressure following the Apex Bank’s FX manual notice.
Equities investors gained more than N714 billion as the Nigerian Exchange (NGX) All-Share Index rebounded from the broader sell-off reported last week.
DeXe price (DEXEUSD) climbed 14.76% to $22.67, significantly outperforming Bitcoin’s +1.7% gain, driven primarily by a broad rotation into high-performing altcoins.