Author: Julius Alagbe

Layer-1 blockchain Harmony has confirmed it was exploited after an attacker minted roughly 4 billion

The Central Bank of Nigeria (CBN) increased the discount rate on 364-day Nigerian Treasury bills (NTB) 17.59% at the midweek auction, amid significant oversubscription. 

South African Rand Trades Sideways as Gold, Oil Rally The South African Rand (ZAR) traded sideways on Wednesday against the crosses, including the US dollar, the Euro and the British pound. The local unit was stable as traders continue to assess the ongoing uncertainty surrounding the Strait of Hormuz, which continues to pose a risk to global markets. However, the lack of significant weakness in emerging-market currencies suggests investors are not yet pricing in a broader risk-off environment. The rand traded at R16.19/dollar, R18.68/euro and R21.87/pound, according to a brief released by First National Bank (FNB) stockbroking and portfolio management…

Ukraine Submits Peace Proposals to U.S. Negotiators Ukrainian President Volodymyr Zelensky on Wednesday said that Kyiv had submitted proposals to U.S. negotiators outlining a possible plan to end the war with Russia. Zelenskiy also suggested that Moscow could use next month’s parliamentary election as a pretext for launching a new mobilisation. Peace efforts have largely stalled since the outbreak of the conflict with Iran, with Ukraine continuing to push for a ceasefire after nearly four and a half years of fighting. “We have conveyed our proposals to the American side,” Zelenskiy said in his nightly video address. He said U.S.…

Ethereum (ETH) price increased by 2% to $1,890.89 on Wednesday, outperforming a flat Bitcoin, primarily driven by a supportive macro catalyst from cooler U.S. inflation data.

IFC Acquires US$25 million Equity Interest in Jumia Technologies AG. The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced a $25 million equity investment in Africa’s largest public e-commerce platform, Jumia Technologies AG (NYSE: JMIA), according to an official statement obtained by MarketForces Africa. The group said its equity capital in Jumia is to support the expansion of Africa’s digital commerce infrastructure, helping small businesses reach new markets, create jobs, and strengthen economic opportunities across the continent. The investment is expected to enable approximately 60,000 local active sellers each year to participate more…

Wall Street dipped as momentum in Artificial Intelligence (AI) and technology stocks faded…

Ripple (XRP) price sets the stage for the next rally, up 1.42% to $1.02, rebounding independently as Bitcoin dipped 0.42%.

US Energy Agency Hikes Crude Price Forecast, Oil Flow Falls 77% US Energy Information Administration (EIA) raised its oil price forecast for the third quarter, expecting severe disruptions to oil shipments through the Strait of Hormuz to continue throughout August. Brent crude is forecast to average $86.81 per barrel this year, up from the previous forecast of $81.91, according to the EIA’s August 2026 Short-Term Energy Outlook. The agency expects West Texas Intermediate (WTI) crude to average $80.88 per barrel, compared with its previous forecast of $76.26. The EIA expects Brent to average $69.39 per barrel and WTI to average…

Cardano (ADA) price fell by 2.14% to $0.18704, underperforming a slightly negative broader market…