Author: Julius Alagbe
Julius Alagbe has about 2 decades of experience in finance, accounting and economics. A fantastic financial analyst with experience in the media, research and consulting industry.With an education background from top global institutes like Imo State University, the Association of Chartered Certified Accountants (ACCA), the Chartered Institute of Administration/Nigerian College of Administration, and Julius has focused on anything that trends, figures, and projections can explain.Apart from his reportage skills, Julius has cut his teeth in Due Diligence, Advisory Service, Research, and Training.
XRP is up 0.61% to $1.40 as Swiss-regulated platform TrustLinq integrated Ripple Payments into its live infrastructure. This boosted investor sentiment, driving a 135% surge in trading volume to $2.7 billion on Monday.
The Central Bank of Nigeria (CBN)’s foreign-exchange market intervention dollar injections declined by 83%, putting significant pressure on the local currency.
Bitcoin (BTC) price topped $80 over robust transatlantic institutional appetite and strong initial demand from self-directed investors, highlighting growing wealth-management interest.
PayPal stablecoin, PYUSD, reached $3.44 billion in market capitalisation on growing transaction volume. PYUSD is expanding its blockchain footprint and institutional utility, though it faces competitive outflows.
Hopes for de-escalation in the Middle East set the tone for global markets, with Wall Street’s S&P 500 ending the week up 0.29% and the NASDAQ up 0.89%, First National Bank said in a morning brief on Monday.
The Kenyan shilling (KES) gained strength against major crosses in the foreign exchange market last week, reflecting the absence of significant pressure on the local currency amidst growing diaspora remittances.
The top 7 members of the oil group, the Organisation of Petroleum Exporting Countries and allied (OPEC+), announced on Sunday a production adjustment of 188,000 barrels per day (bpd) starting from June.
MTN Nigeria Plc.’s market value topped N19 trillion on the Nigerian Exchange (NGX) as robust earnings performance triggered strong bargain hunting in the local bourse.
XRP price is locked at $1.40 after Ripple tightened supply following its monthly activities. The token has seen a significant price increase after failing to break the resistance level since last week.
Nigeria will rake in N6.8 trillion in fiscal windfall from the global energy crisis, which has increased oil prices across grades, BMI, a Fitch Solutions Company, said in a monthly update obtained by MarketForces Africa.