- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
- Oil Prices Jump on Heightened Supply Risk, Brent Tops $114
- XRP Selloff Slows as Ripple Supports SEC Crypto Asset Framework
- Global Equities Markets Tank on AI Sustainability, Financing Fears
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.
Binance Coin Jumps on BEP-675 Network Upgrade Catalyst Binance Coin (BNB) price jumped by 3.30% to $619.33, significantly outperforming a flat-to-down broader market, primarily driven by a bullish technical breakout and positive sentiment around a key network upgrade. Trading data from across crypto exchanges showed that BNB broke above the $610 pivot point with a significant 31.44% increase in trading volume to $1.36 billion, confirming buyer conviction. This move was supported by the announcement of the BEP-675 upgrade, which is designed to nearly double the BNB Smart Chain’s throughput. BNB Chain unveiled proposal BEP-675, designed to nearly double the transaction…
MarketForces Africa – The Central Bank of Nigeria (CBN) is scheduled to conduct a primary market auction on Wednesday, targeting N700 billion across standard tenors.
Profit-taking in MTN Nigeria, FirstHoldCo, Dangote Sugar Refinery, and ….
BEAT Price Sinks 58% as Investors Take Profit after Strong Rally Audiera (BTUSD) is down 57.80% to $0.969 on Tuesday, drastically underperforming a flat broader market, primarily driven by a major token unlock and profit-taking after a sharp rally. The sell-off was exacerbated by high leverage, with $2.37 million in long positions liquidated. On-chain data shows extreme concentration, with the top 10 wallets holding 84.11% of the supply, increasing volatility risk. Technical indicators point to an oversold condition, with immediate resistance at $1.3984. This is bearish for BEAT in the near term because it signals a breakdown of buyer confidence…
The global equities market delivered mixed performance, with US stocks closing steady
In an attempt to lock in yields, Nigerian Treasury Bills rallied across the short, belly, and long durations ahead of the main auction scheduled for Wednesday.
Ripple (XRP) price fell to $1 on Monday, underperforming a broadly weaker crypto market
SpaceX Tokenised bStocks (SPCXB) is down by about 4% in 24 hours to $131.71 on Monday, underperforming a broadly weaker crypto market.
NVIDIA Tokenised bStock (NVDAB) price fell by about 2.5% to $219, underperforming a slightly weaker broader crypto market, driven primarily by high-volume selling pressure amid risk-off sentiment.
Money market rates headed in different directions as financial system liquidity ended last week in surplus.