- Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
- 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
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.
BPP Commits to Value for Money in Upstream Operations, Partners NUPRC Dr Adebowale Adedokun, Director-General, Bureau of Public Procurement (BPP), has reiterated the bureau’s commitment to ensuring value for money in Nigeria’s upstream operations. Adedokun made this known in a statement in Abuja on Wednesday, by Zira Nagga, the agency’s Head of Press and Public Relations. He spoke during a high-level strategic engagement and capacity-building session with the management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja. Adedokun commended the Chief Executive Officer of NUPRC, Mrs Oritsemeyiwa Eyesan, for her leadership in stabilising the upstream petroleum sector. He…
Nigeria’s Public Debt Stock Rises to N159.28trn Nigeria’s total public debt stock stood at N159.28 trillion (110.97 billion dollars) in December 2025, according to data from the Debt Management Office (DMO). A breakdown of the debt figures shows that total domestic debt is N84.85 trillion (59.11 billion dollars), while total external debt is N74.43 trillion (51.86 billion dollars). This makes domestic borrowing the largest component, accounting for 53.27 per cent of the debt stock, while external borrowing makes up 46.73 per cent of the total public debt. The DMO emphasised that the country’s total debt comprised external and domestic borrowing…
Selloffs Lift Nigerian Bonds Yield to 15.92% Nigerian bonds faced selling pressure in the secondary market as investor sentiment weakened ahead of the treasury bill offering on Wednesday. Investors trimmed their holdings in anticipation of a fresh supply for April. Fixed-interest security investors have been adjusting their portfolios after the inflation surge to 15.385, reducing the real returns on naira assets. Inflation is expected to rise further, further reducing the real interest rate in the debt capital market. The market recorded selective buying in near-end maturities, while overall activity remained relatively subdued. Performance across the curve showed upward yield movements,…
XRP Price Pulls Back As US-Iran Talks Take A Twist, Here’s Why Remittix Is Gaining Ground
The Federal Government has approved a nationwide scale-up of the ‘One Kindred, One Business Initiative’ (OKOBI) of Imo Government as a strategy to tackle unemployment and boost the country’s economy.
Banks’ placement at the Central Bank of Nigeria (CBN) standing deposit facility (SLF) and additional inflows from expired OMO bills kept money market liquidity in surplus.,
Dogecoin Price Climbs as Open Interest Surges Dogecoin (DOGE) price climbed 2% to $0.0966, closely tracking a broader market rally primarily driven by strong Bitcoin momentum and institutional ETF inflows. Market-wide beta, as Dogecoin moved in sync with Bitcoin’s 2.58% gain, was fueled by sustained spot ETF inflows and improving macro sentiment. Dogecoin’s rise aligns with a 2.14% increase in the total crypto market cap. Bitcoin reclaimed the $76,000 level, buoyed by a fifth consecutive day of net inflows into U.S. spot ETFs, which added $238 million on April 20. This institutional demand improves overall risk sentiment, lifting major altcoins…
BNB/USD: Binance Coin Dip to $629, Tracking 2026 Target Price Binance Coin (BNB) $629 over the past 24h, a milder decline than Bitcoin’s 1.75% drop, suggesting it’s moving in sync with the broader market’s pullback. The drop reflects a broader market cooldown, with BNB following Bitcoin’s lead lower as the initial boost from potential U.S.-Iran peace talks fades. The primary driver is a broad market correction. Bitcoin fell 1.75%, dragging down major altcoins like BNB. The move reverses part of yesterday’s rally, which was fueled by optimism over potential U.S.-Iran ceasefire negotiations. As that macro catalyst cools, profit-taking emerges. What…
The average yield on Nigerian Treasury bills rose in the secondary market ahead of the midweek primary market auction, traders said in separate notes.
The Central Bank of Nigeria (CBN) sold N1.9 trillion in Open Market Operation (OMO) bills to investors on Tuesday as part of its strategy to reduce excess liquidity in the financial system.