- 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.
XRP is up 0.61% to $1.40 as Swiss-regulated platform TrustLinq integrated Ripple Payments into its live infrastructure. This boosted investor sentiment, driving a 135% surge in trading volume to $2.7 billion on Monday.
The Central Bank of Nigeria (CBN)’s foreign-exchange market intervention dollar injections declined by 83%, putting significant pressure on the local currency.
Bitcoin (BTC) price topped $80 over robust transatlantic institutional appetite and strong initial demand from self-directed investors, highlighting growing wealth-management interest.
PayPal stablecoin, PYUSD, reached $3.44 billion in market capitalisation on growing transaction volume. PYUSD is expanding its blockchain footprint and institutional utility, though it faces competitive outflows.
Hopes for de-escalation in the Middle East set the tone for global markets, with Wall Street’s S&P 500 ending the week up 0.29% and the NASDAQ up 0.89%, First National Bank said in a morning brief on Monday.
The Kenyan shilling (KES) gained strength against major crosses in the foreign exchange market last week, reflecting the absence of significant pressure on the local currency amidst growing diaspora remittances.
The top 7 members of the oil group, the Organisation of Petroleum Exporting Countries and allied (OPEC+), announced on Sunday a production adjustment of 188,000 barrels per day (bpd) starting from June.
MTN Nigeria Plc.’s market value topped N19 trillion on the Nigerian Exchange (NGX) as robust earnings performance triggered strong bargain hunting in the local bourse.
XRP price is locked at $1.40 after Ripple tightened supply following its monthly activities. The token has seen a significant price increase after failing to break the resistance level since last week.
Nigeria will rake in N6.8 trillion in fiscal windfall from the global energy crisis, which has increased oil prices across grades, BMI, a Fitch Solutions Company, said in a monthly update obtained by MarketForces Africa.