Author: Julius Alagbe

XRP Price Pulls Back As US-Iran Talks Take A Twist, Here’s Why Remittix Is Gaining Ground

The Federal Government has approved a nationwide scale-up of the ‘One Kindred, One Business Initiative’ (OKOBI) of Imo Government as a strategy to tackle unemployment and boost the country’s economy.

Banks’ placement at the Central Bank of Nigeria (CBN) standing deposit facility (SLF) and additional inflows from expired OMO bills kept money market liquidity in surplus.,

Dogecoin Price Climbs as Open Interest Surges Dogecoin (DOGE) price climbed 2% to $0.0966, closely tracking a broader market rally primarily driven by strong Bitcoin momentum and institutional ETF inflows. Market-wide beta, as Dogecoin moved in sync with Bitcoin’s 2.58% gain, was fueled by sustained spot ETF inflows and improving macro sentiment. Dogecoin’s rise aligns with a 2.14% increase in the total crypto market cap. Bitcoin reclaimed the $76,000 level, buoyed by a fifth consecutive day of net inflows into U.S. spot ETFs, which added $238 million on April 20. This institutional demand improves overall risk sentiment, lifting major altcoins…

BNB/USD: Binance Coin Dip to $629, Tracking 2026 Target Price Binance Coin (BNB) $629 over the past 24h, a milder decline than Bitcoin’s 1.75% drop, suggesting it’s moving in sync with the broader market’s pullback. The drop reflects a broader market cooldown, with BNB following Bitcoin’s lead lower as the initial boost from potential U.S.-Iran peace talks fades. The primary driver is a broad market correction. Bitcoin fell 1.75%, dragging down major altcoins like BNB. The move reverses part of yesterday’s rally, which was fueled by optimism over potential U.S.-Iran ceasefire negotiations. As that macro catalyst cools, profit-taking emerges. What…

The average yield on Nigerian Treasury bills rose in the secondary market ahead of the midweek primary market auction, traders said in separate notes.

The Central Bank of Nigeria (CBN) sold N1.9 trillion in Open Market Operation (OMO) bills to investors on Tuesday as part of its strategy to reduce excess liquidity in the financial system.

Naira Value Weakens to N1,350 as FX Payments Surge The Nigerian local currency fell against the dollar, trading at N1350 at the official currency market, as foreign payment pressures increased on Tuesday. The spot rate weakened as FX outflows exceeded inflows, while analysts attribute the sustained decline in external reserves to debt service costs on Nigeria’s borrowings. According to data published by the Central Bank (CBN), spot rate hovered between N1345 and N1357 during the trading sessions, with N91.866 million in interbank liquidity. The Apex Bank indicated in its official FX publication today that interbank liquidity at the Nigerian Foreign…

Dangote Cement and some top banking names drove momentum in the Nigerian Exchange (NGX), the local bourse, though the surge in portfolio value was well contained.

XRP Gains 3% on SBI, Remit, Tottori Bank Payment Activation Ripple’s XRP inched higher by 3% to $1.44, reflecting the broader crypto market on Tuesday. Trading volume is down 18% over the past 24 hours to $2.5 billion, data from a crypto exchange showed. XRP’s price movement is primarily driven by beta lift from sustained institutional inflows into crypto via exchange-traded funds (ETFs), with no clear coin-specific catalyst over the last 24 hours. SBI Remit and Tottori Bank activated a new international remittance service, leveraging Ripple’s payment rails. The model allows XRP to act as a bridge currency for faster,…