- BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets
- Oyo Govt Approves Over N35bn for Agriculture, Others
- Tantalizers Assures Shareholders of Sustainable Growth
- Naira Rises as Foreign Reserves Approach $52 Billion
- BUA, Insurance, Tech Stocks Drag NGX Indices Lower
- NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access
- XRP Trades Soft as Ripple Urges Senate to Support Clarity Act
- Solana Slips after SBI Taps Network for Tokenised Japan Equity Fund
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 Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says its ongoing nationwide data verification exercise is aimed at ensuring accurate data for sharing revenue among states and local government areas (LGAs).
ABUJA: The Federal Government has approved a $500 million annual funding mechanism to transform Nigeria’s research and innovation ecosystem in line with international best practices.
The Nigerian Exchange (NGX) All-share index (ASI) recovered from sell pressures as Airtel Africa, Dangote Sugar Refinery, among others, drove momentum in the local bourse on Wednesday.
Crude oil prices plunged on Wednesday, with Brent crude falling by about 10% as reports of a potential agreement between the US and Iran raised expectations of easing geopolitical tensions.
Ripple’s XRP price just hit $1.45, outperforming a broadly rising crypto market, primarily driven by a beta-driven rally as Bitcoin surged.
Bitcoin (BTCUSD) topped $82K on Wednesday as the rally extended since last week’s pickup. The world’s largest digital asset gained, climbing to $82.165, as trading data from a crypto exchange was revealed.
DOGEUSD- Dogecoin Gains 4.2% on Sharp Volume Surge, Eyes $0.12 Dogecoin (DOGEUSD) gained 4.2% to $0.1160 on Wednesday, significantly outperforming a modestly rising broader market, primarily driven by major whale accumulation and a technical breakout. The coin’s rally is anchored by tangible whale buying and confirmed by strong volume and derivatives activity, setting a bullish near-term tone. Amid active capital rotation across crypto, Dogecoin recorded net inflows of approximately $7.8 million over 24 hours. This placed it among smaller tokens like Toncoin and Pepe that saw speculative demand, while larger alts like Ethereum and XRP saw outflows. Trading data showed…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has allocated 61.9 million barrels of crude oil to domestic refineries in the First Quarter (Q1) 2026, against 68.7 million barrels offered by producers.
Zenith Bank Names Mustafa Bello Chairman Board of Directors Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN) and ratified by shareholders at the Annual General Meeting held on May 5, 2026. Engr. Bello’s appointment represents a strategic step to ensure the continuity, stability, and sustained effectiveness of the Board, while reinforcing Zenith Bank’s high standards of corporate governance, regulatory compliance, and strategic oversight for which It is widely respected. He joined the Board…
The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released.