- 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.
Ripple (XRPUSD) is down 6.4% over 24 hours to $1.21 on Tuesday, closely tracking a broader crypto market sell-off that is primarily driven by Bitcoin’s weakness.
Bitcoin (BTC) crashed by 6% to $67.1k amid a sustained exodus of institutional capital from spot exchange-traded funds (ETFs) and a symbolic sale by a major corporate holder.
The naira rose against the US dollar on Tuesday as demand for international payments declined, with data showing a moderate slide in interbank FX turnover.
The Nigerian Exchange (NGX) All-Share Index (ASI) and market capitalisation shrank further on Tuesday, with the equities portfolio balance reducing by N478 billion as sell pressure persisted.
The Central Bank of Nigeria (CBN) sold OMO bills worth N7.30 trillion in May 2026 as part of efforts to manage liquidity levels in the financial system.
South African Rand Strengthens on Softer US Dollar, Bonds Rally The South African rand gained strength against Western currencies on Tuesday, boosted by foreign investor demand for the country’s debt papers and a rebound in gold prices amid a setback in US-Iran peace talks. The rand has firmed modestly this morning and is trading at R16.28 against the dollar, R18.95 against the euro, and R21.92 against the pound, First National Bank said in a brief on Tuesday. The bank said the South African currency is drawing support from a softer United States (US) dollar and continued foreign investor appetite for…
Global equities opened on a mixed note after renewed tensions between the US and Iran weighed on sentiment, while investors reacted to a sharp surge in oil prices.
Ripple’s XRP is down 3.50% to $1.27 in 24h, closely tracking a broader crypto market sell-off primarily driven by institutional risk-off sentiment and leveraged liquidations.
Bitcoin (BTC) price declined by 4.11% to $70,208.55, underperforming a broadly weaker crypto market, primarily driven by sustained institutional selling and heightened geopolitical risk.
Nigeria’s Assets Under Management (AUM) increased from N3.2 trillion to N10 trillion within the last two years, the Securities and Exchange Commission (SEC) has said.