Author: Julius Alagbe
Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.
XRP gained about 2% to $1.42 over the past 24h, closely tracking broader market gains, primarily driven by its positive beta with Bitcoin amid Ripple’s plan to share hacker intelligence with the crypto industry.
The naira dropped against the US dollar at the Nigerian Foreign Exchange market (NFEM) on Tuesday on increased demand for foreign payments.
Hyperliquid (HYPE) gained 6.49% to $43.63 on Tuesday, outpacing Bitcoin’s 3.2% gain, driven by the successful launch of its HIP-4 prediction markets, which are attracting new users and volume.
The Central Bank of Kenya (CBK) is scheduled to reopen three Treasury bonds on Wednesday as the authority anticipates a large payout in May.
Bitcoin (BTC) price surged by about 3% to $81,007.13 on Tuesday, outpacing the broader market’s 2.2% gain, driven by renewed institutional ETF demand and a geopolitical relief rally.
The Nigerian sovereign Eurobonds yield declined in the international market amid growing interest from foreign portfolio investors in top oil-linked African issuers.
The average yield on Nigerian government bonds declined in the secondary market amid cautious trading activities, although investor confidence in local debt instruments remains strong.
The naira exchange rate climbed to N1365 per dollar at the official market in the absence of significant demand for international payment. The forex market liquidity improved as interbank trading deals spiked, according to data released by the Central Bank.
Gov. Dikko Radda of Katsina has announced a dramatic surge in the state’s monthly Internally Generated Revenue (IGR), rising from approximately ₦400 million to ₦3 billion.
Mrs Oritsemeyiwa Eyesan, Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says Nigeria’s oil and gas sector is undergoing a transformation driven by growing local participation, climate targets and renewed investment momentum.