- Oil Tops $90 as Iran Retaliates Against U.S. Strikes
- Global Equities Markets Open Bearish over Fed Hawkish Tone
- Moody’s Changes Nigeria’s Credit Rating Outlook to Positive
- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
- Money Market Liquidity Tightens as CBN Steps Up OMO Actions
- XRP Falls as Ripple Prime Opens Wall Street Swap Desk
- Cardano Price Falls to $0.20 on Altcoin Sell Pressure
- Fitch Affirms France at ‘A+’ with Stable Outlook
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.
Bitcoin price (BTC) is down 6.12% to $59,821 on Friday amid aggressive crypto selloffs, underperforming a broader market decline and primarily driven by a hawkish reaction to strong U.S. jobs data.
World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led Fitch to lower its 2026 forecast for global growth by 0.2 percentage points to 2.4%.
The South African Rand is trading steady against the US dollar and other crosses on Friday, while the latest report shows that the country’s foreign reserves fell due to weaker gold prices.
Global equities markets are heading for a mixed close this week amid easing tensions in the Middle East, while negative sentiment amplified AI stock sell-offs.
Bitcoin price (BTCUSD) nosedived to $61,491, underperforming the broader market’s 4.46% decline and was driven primarily by sustained institutional selling pressure.
Germany is set to be the main economic beneficiary among Europe’s large economies as the continent raises defence spending, Fitch Ratings says in a new report.
The Senate on Wednesday approved a new excise duty regime on sugar-sweetened beverages. The upper chamber also endorsed the creation of a dedicated funding stream to strengthen public health interventions across the country.
Ethereum (ETH) price is struggling to rebound after slipping 8% to $1,730 on Thursday amid bearish action driven by relentless institutional selling via spot ETFs and a cascade of leveraged long liquidations.
Cardano price (ADAUSD) plunged 13.51% to $0.188 over 24h, underperforming the broader market downturn, driven primarily by escalating ecosystem distress and negative sentiment.
Ripple (XRP) price is down 7.04% in 24 hours to $1.15, underperforming a broader market sell-off primarily driven by a wave of forced selling from leveraged long positions.