- Stronger US Dollar Keeps South African Rand on Edge
- Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices
- Nigerian Treasury Bills Yield Jumps 27bps on Sell Pressure
- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
- Ethereum Price Slips 4% as Investors Liquidate Positions
- Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
- Only 20% of POS Operators Registered- CAC Chairman
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.
Seplat Energy Tops N10k Per Share, Highest in 52-Week
Ripple (CRYPTO: XRP) price is down 1.51% to $1.35 over the past 24h, underperforming a slightly weaker broader market, primarily due to a technical rejection at key resistance and a sector-wide rotation away from altcoins.
Ripple’s XRP has been hovering around $1.36 over the past 24h, modestly trailing a broader crypto rally, primarily driven by a major adoption catalyst in Japan. The price has been lifted from $1.30 due to optimism following Ripple’s privacy upgrade for banks, amidst strong Wall Street adoption.
Ethereum Gains 7.1% as Fed Nominee Declares Crypto Holdings Ethereum (ETH) gained 7.12% to $2,366.68 over the past 24h, outpacing Bitcoin’s 5.01% gain, primarily driven by major institutional accumulation that has reduced available supply. Accelerated accumulation by BitMine Immersion Technologies, which bought 71,524 ETH last week and now holds over 4% of the total supply, signalling strong institutional demand and tightening liquidity. The price surged on capital rotation from Bitcoin ETFs into Ether funds, which saw $187 million in weekly inflows, amid a broader market rally fueled by easing geopolitical tensions. BitMine Immersion Technologies, led by Chairman Tom Lee, accelerated…
BTC Rallies as Goldman Sachs Files for Bitcoin Income ETF Bitcoin (BTCUSD) rose by about %% to $75,367.16 over the past 24h, outpacing a broader market rally driven by a geopolitical shift that has eased macro risk. It shows a strong correlation with the S&P 500, indicating a rates/dollar-driven move. The rally was accelerated by crowded positioning, creating a powerful, but potentially fragile, momentum move. Geopolitical de-escalation after former President Donald Trump indicated Iran reached out for peace talks, boosting risk appetite and reducing oil-price inflation fears. A massive short squeeze liquidated over $179 million in leveraged bearish bets, amplified…
FG Investigates ‘Sharp Sharp’ Loan Operators Over Privacy Violations The Federal Government (FG) says it is investigating the activities of some ‘sharp sharp’ loan operators over alleged violation of data privacy of customers. The National Commissioner, Nigeria Data Protection Commission (NDPC), Mr Vincent Olatunji, said this in an interview with the News Agency of Nigeria (NAN) on Tuesday. NAN reports that ‘Sharp Sharp’ loan operators, also known in some quarters as loan sharks, are private sector-based and largely unregulated loan vendors who advance immediate loans to soliciting, and sometimes, unsoliciting customers without collateral. Olatunji, who spoke on the sidelines of…
Ripple’s XRP price climbed to $1.37 on Tuesday, the highest over the past 24h, driven primarily by a major utility expansion with Rakuten’s payment integration in Japan.
Trading in Federal Government of Nigeria (FGN) bonds softened in the secondary market due to tight investor sentiment ahead of inflation data, amid mixed expectations.
Nairobi Stock Exchange Slides as Investors Take Profit Nairobi Securities Exchange (NSE) closed lower on Monday amid selling pressure in Olympia Capital, with 8.06% price depreciation; Express Kenya down 6%; and Crown Paints down 3.4%. Trading data showed that the Nairobi Securities market value inched lower by 2.9%, while the Nairobi Business market value lost 2.7% as investors booked profits. On the other hand, Kenya Airways gained 7.2%, Portland’s share price rose by 4.6%, Standard Group’s market value climbed by 3.3%, while Home Africa and Kakuzi advanced by 2.8% and 2.7%, respectively. The overall market edged down by 0.7% as…
Setting a new path to recovery, Ripple (XRP) price jumped 3.05% to $1.36 over the past 24h, closely tracking a broad market rally in which Bitcoin gained 4.88%.