- Nigerian Stock Market Loses N32bn as Investors Exit Positions
- 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
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 global oil market rallied over fading hopes for a lasting ceasefire between the US and Iran, renewed concerns that prolonged geopolitical tensions in the Middle East could threaten global oil supplies.
MTN Group (MTN) released an update for the first quarter ended 31 March 2025. Service revenue increased 20.5% to R56.7 billion. The topline was buoyed by 5.4% increase in customer base, which expanded to 312.7 million.
The South African rand weakened against its major crosses, trading at R16.50 per dollar, R19.34 per euro, and R22.30 per pound, First National Bank (FNB) said in its morning brief on Wednesday.
Persistent volatility over the United States (US)-Iran ceasefire and higher-than-expected US inflation rippled through global markets, with Wall Street closing mixed.
Nigeria’s Yields slipped in the secondary market for government short- and long-term borrowing instruments as investors circled around naira assets ahead of the release of inflation data.
Asked what message he had for Xi regarding the war, Trump said the two would have “a long talk” about it. “I think he’s been relatively good, to be honest with you,” Trump told reporters.
The Nigerian financial system liquidity spiked more than 40% following a significant OMO bill repayment by the Apex Bank to eligible investors on Tuesday.
Ripple’s XRP price fell about 2.5% to $1.44 after a failed attempt to break through resistance. The token reflected a negative trading pattern in the crypto market.
NBET Finance Company Plc has listed N500 billion fixed rate bonds on the FMDQ Exchange, according to an official statement.
The Central Bank of Nigeria (CBN) floated a fresh OMO bill for subscription on Tuesday, aiming to raise N600 billion across three tenors.