- 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.
Hedera (HBARUSD) surged 3% to $0.0930, significantly outpacing Bitcoin’s 0.80% gain, driven by broader market optimism and a technical breakout attempt.
Jaiz Bank Plc traded against the bullish trend on the Nigerian Exchange (NGX) and lost 7% of its market value over the last five trading sessions, amid a weekly gain of about N6 trillion in the local bourse.
FCMB Group Plc saw a 5% increase in market capitalisation after the Board of Directors approved the first-quarter financial results for 2026.
Ethereum (ETH) price climbed 1% to $2,336.25, outpacing a broadly flat market, driven by a technical breakout and steady institutional flows following the endorsement from the Shank Tank investor.
Hyperliquid (HYPEUSD) is down 1.60% to $41.15, underperforming a slightly positive broader market, primarily due to technical resistance and fading momentum after a strong rally.
With less than 1% of the banking industry’s market share, short-term working capital financing accounted for the largest share of Globus Bank Limited’s loan book, Fitch said in a rating note.
Fitch Ratings has downgraded MoneyGram International, Inc.’s Long-Term Issuer Default Rating (IDR) to ‘B-‘ from ‘B’ and the company’s revolver, term loan and 1L secured bonds to ‘B’ with a Recovery Rating of ‘RR3’ from ‘B+’/’RR3’.
Bitcoin (BTCUSD) topped $78k on increased dominance after a prominent cryptocurrency investor announced an exit from altcoins amid surging institutional demand.
Polaris Bank Ltd and the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) inaugurated an Export Express Support Centre at the weekend.
Ripple (XRP) is hovering around $1.42 over the last 24 hours across the cryptocurrency market after a failed attempt to break its resistance level.