- 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 (BTCUSD) is down by 6.3% over 24 hours to $62.919 on Thursday, driven by sustained institutional selling pressure. With about $60 billion in transaction value, Bitcoin’s decline is rooted in institutional exits and exacerbated by the unwind of derivatives.
Oil prices are softer in the global commodity market on Thursday following reports of a ceasefire deal between Lebanon and Israel, which boosted hopes for a broader agreement to end the US-Israeli conflict with Iran that could potentially lead to a reopening of the Strait of Hormuz.
Wall Street and the FTSE 100 declined as risk aversion dampened sentiment across global equities. Escalating tensions in the Middle East set the tone for global risk aversion, with overnight US-Iran exchanges weighing on sentiment and driving a broad pullback in equities.
Ripple (XRP) fell to $1.20 on Wednesday, underperforming a broadly weaker crypto market, driven primarily by a risk-off macro sell-off. The move aligns with Bitcoin’s 2.89% drop, indicating a beta-driven decline amid heightened geopolitical tensions and institutional ETF outflows.
NEAR Protocol (NEARUSD) gained 13% in 24 hours to $2.88, sharply outperforming a declining Bitcoin and broader market, primarily driven by a sector rotation into AI-focused cryptocurrencies.
The naira extends rally against the US dollar, and other crosses at the Nigeria Foreign Exchange Market (NEFM) as data show the country’s external reserves continue to gain momentum.
Consumer spending patterns are shifting in ways that matter deeply to investors and …
South African rand (ZAR) is trading steady against crosses on Wednesday as oil prices continue to ease in the global commodity market ahead of the purchasing manager index (PMI) report to be released by S&P Global.
Zcash (ZEC) climbed by about 11% to $604.03, sharply outperforming a declining market, driven primarily by a positive reaction to a swift security fix.
Wema Bank Plc’s market value declined by more than 9% due to heavy sell-offs on the local bourse on Tuesday. Its sharp price depreciation aligned with a broader downturn in the stock market.