- 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.
The Federal Competition and Consumer Protection Commission (FCCPC) has warned firms, transaction parties and other stakeholders against non-compliance with statutory obligations relating to mergers and acquisitions.
DMO to Reopen N700bn Nigerian Bonds for Subscriptions The Debt Management Office (DMO) has released the awaited bond circular for the month, with a plan to auction a total of N700.0 billion across the 5-, 7-, and 10-year re-openings. In April, the debt managers will supply reopened bonds, and analysts anticipate tight rates across 17.945% FGN AUG 2030, 17.95% FGN JUN 2032 and 22.60% FGN JAN 2035 offers. The fixed-income market traded quietly as investors’ appetite for government borrowing instruments remained subdued. Traders said they saw minimal activity at the mid-segment (+4bps) of the curve, leading average yields to inch…
The naira was quoted at N1348 per dollar at the official window, reflecting a moderate gain from N1350 previously quoted for international payments.
Red Line Rail to Move 500,000 Commuters Daily – Sanwo-Olu The Lagos State Government says the Red Line Rail will significantly boost mass transit capacity, with the ability to move up to 500,000 passengers daily when fully operational. Gov. Babajide Sanwo-Olu disclosed this on Wednesday while speaking with journalists on the sidelines of the 159th meeting of the Joint Revenue Board (JRB), currently holding in Lagos. The governor said the meeting brought together the leadership of the Nigerian Revenue Service, chairmen of the 36 state Internal Revenue Services, and the Federal Capital Territory. He noted that the state was pleased…
Cardano (ADAUSD) price rose 2.08% to $0.255 over the past 24h, closely tracking a broad market rally and supported by positive ecosystem developments.
Ethereum (ETHUSD) climbed by 4% to about $2.4K on Wednesday amid surging demand from institutional investors for exchange-traded funds (ETFs).
Oil prices declined on Wednesday as signals of a ceasefire deadline extension eased supply concerns, after climbing above $101 on Tuesday on escalating tensions between the US and Iran.
BPP Commits to Value for Money in Upstream Operations, Partners NUPRC Dr Adebowale Adedokun, Director-General, Bureau of Public Procurement (BPP), has reiterated the bureau’s commitment to ensuring value for money in Nigeria’s upstream operations. Adedokun made this known in a statement in Abuja on Wednesday, by Zira Nagga, the agency’s Head of Press and Public Relations. He spoke during a high-level strategic engagement and capacity-building session with the management of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in Abuja. Adedokun commended the Chief Executive Officer of NUPRC, Mrs Oritsemeyiwa Eyesan, for her leadership in stabilising the upstream petroleum sector. He…
Nigeria’s Public Debt Stock Rises to N159.28trn Nigeria’s total public debt stock stood at N159.28 trillion (110.97 billion dollars) in December 2025, according to data from the Debt Management Office (DMO). A breakdown of the debt figures shows that total domestic debt is N84.85 trillion (59.11 billion dollars), while total external debt is N74.43 trillion (51.86 billion dollars). This makes domestic borrowing the largest component, accounting for 53.27 per cent of the debt stock, while external borrowing makes up 46.73 per cent of the total public debt. The DMO emphasised that the country’s total debt comprised external and domestic borrowing…
Selloffs Lift Nigerian Bonds Yield to 15.92% Nigerian bonds faced selling pressure in the secondary market as investor sentiment weakened ahead of the treasury bill offering on Wednesday. Investors trimmed their holdings in anticipation of a fresh supply for April. Fixed-interest security investors have been adjusting their portfolios after the inflation surge to 15.385, reducing the real returns on naira assets. Inflation is expected to rise further, further reducing the real interest rate in the debt capital market. The market recorded selective buying in near-end maturities, while overall activity remained relatively subdued. Performance across the curve showed upward yield movements,…