- 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
- FG Finally Hands Over Enugu Airport to Concessionaires
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.
Ripple’s XRP continues to trade in a tight range, settling at $1.34 on Friday amid light volume amid the Evernorth Nasdaq listing plan.
Nigerian T-Bills Demand Surges Amid Disinflation, Rates Cut The average yield on Nigerian Treasury bills slumped further, down 14 basis points in the secondary market, as investors ramped up naira assets after failed bids at the midweek auction. Spot rates repricing persisted at the primary market auction conducted by the Central Bank of Nigeria (CBN) on Wednesday, with about N3 trillion subscription level on record. Disinflation has widened real return on investment, fuelling surging demand for the naira asset – effectively hedging against double digit consumer price index for risk averse investors. The midweek auction was significantly oversubscribed, but allotment…
South Africa: Johannesburg Stock Exchange (JSE) index dipped on Thursday as the share prices of Byte Technology Group and FirstRand dived amid selling pressure.
Ripple (XRP) price climbed to $1.35 during early trading on Friday after hitting a low, as sell pressure in the global cryptocurrency market weighed on prices of top digital assets.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says recent reforms have unlocked over $10 billion in upstream oil and gas investment.
The Emergency Relief Coordinator, Tom Fletcher, has allocated 48 million dollars from the UN Central Emergency Response Fund for urgent support to the UN Humanitarian Air Service (UNHAS).
Ripple’s XRP price has dropped to $1.33 over the past 24h, according to Coinglass trading data, underperforming a broader market decline.
The South African Rand is holding up well against major crosses, including the US dollar, Euro and British Pound (GBP), following yesterday’s rally, First National Bank (FNB) said in its daily market insight on Thursday.
The Central Bank of Nigeria (CBN) sliced spot rate on Nigerian Treasury bills (NTB) with 182-day and 364-day tenors, reflecting the authority’s move to reduce borrowing costs.
Nairobi Stock Exchange (NSE) Index climbed on Wednesday as Kenya Airways (7.7%), Umeme Ltd (7.6%), Unga Group (6.6%), Sasin (5.8%) and Kenye Re (5.5%) were the top gainers in the list.