- 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.
CBN Hikes ATM Issuance Fee, Cancels Maintenance Charges The Central Bank of Nigeria (CBN) has increased the cost of issuing and replacing Automated Teller Machine (ATM) debit and credit cards by 50 per cent. The Apex Bank has raised the ATM card issuance fee to ₦1,500 from ₦1,000. The move is part of a broader review of banking charges across the financial sector. Also, the CBN cancelled N50 monthly maintenance charge previously applied to naira debit and credit cards, a fee that often attracted an additional 7.5 per cent Value Added Tax. However, customers using foreign currency-denominated debit and credit…
Oil prices rose on Friday as persistent tensions between the United States and Iran, along with continued disruptions in the Strait of Hormuz, fueled concerns about global supply.
Fixed-interest security investors stayed quiet in the secondary market for Nigerian government bonds ahead of the April auction scheduled for next week.
The Nigerian Treasury bills (NTB) yield declined as investors stepped up buying in the secondary market after the midweek auction, where the Central Bank kept spot rates across tenors unchanged.
Ripple’s XRP is up 0.56% to $1.43 after a failed breakout, primarily driven by technical momentum within a defined range. The token’s target price, however, shifted to $1.70, though it had struggled to break $1.60, while a new resistance level keeps forming amid geopolitical disturbances.
CSCS Shareholders Approve N1.78 Dividend Per Share The Central Securities Clearing System Plc (CSCS) has posted a gross earnings of N28.67 billion for the financial year ended Dec. 31, 2025. The gross earnings represented a 10 per cent increase when compared with N26.09 billion posted in the corresponding period of 2024. Mr Temi Popoola, Chairman of the company’s Board of Directors, disclosed this during the 32nd Annual General Meeting (AGM) held in Lagos on Thursday. During the AGM, the shareholders approved the board’s proposed dividend of N1.78 per share, totalling N8.9 billion. Popoola said the company’s operating income grew by…
The naira dipped against the US dollar at the official window, as data published by the Central Bank of Nigeria (CBN) showed a slump.
BUA, Dangote, Zenith Boost NGX Index, Investors Gain N2.1trn BUA Foods, Dangote Cement and Zenith Bank were among the gainers that boosted the Nigerian Exchange (NGX), with investors recording about N2.1 trillion in gains. The positive turnout was driven by price gains in BUAFOODS (+7.93%), DANGCEM (+2.35%) and ZENITHBANK (+3.47%), which offset declines in MTNN (-0.13%) and FIDELITYBK (-1.35%). The market index or All-Share Index added 3,251.48 basis points in today’s trading session, reflecting a 1.48% increase to close at 222,837.68. Likewise, market capitalisation gained ₦2,093.05 billion to close at ₦143.48 trillion. However, the Total Volume of trades declined by…
The Central Bank of Nigeria (CBN) drained more cash from the banking system with oversold Treasury bills, with deposit money banks leading the subscription levels.
XRP price retreated by 3% to $1.42 amid a stalled exchange-traded fund (ETF) driven by a technical breakdown at key support levels amid a risk-off shift in crypto capital.