- Nigerian Naira Falls as Forex Demand Surpasses Dollar Volume
- XRP Price Tanks on Corporate Selloffs, Clarity Act Delay
- Bitcoin Price Declines on Spot ETF Flow, Stagflation Concerns
- Worldcoin Sinks 6%, Eightco Holdings Discloses 8.4% Holdings
- Nigeria Launches Global Investors’ Expo to Market Credible Projects
- Dangote Refinery Tops U.S. as Europe’s Largest Jet Fuel Supplier
- Nigerian Stock Market Surges as Investors Gain N192bn
- Cardano Gains 10% on Inter-Blockchain Communication Launch
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.
Down from a 3-month high, Bitcoin (BTCUSD) dipped to $81,203.32, slightly underperforming a broadly flat crypto market. The move is primarily driven by a cooling-off period and profit-taking after a strong multi-day rally fueled by geopolitical optimism and ETF inflows.
The Central Bank of Nigeria (CBN) continues to price down Nigerian Treasury bills, albeit with a soft touch across standard tenors at the midweek auction.
Excess liquidity in the financial system, totalling N6.2 trillion, kept short-term money market rates steady as banks continue to place funds with the Central Bank.
Ecobank Delivers Q1 Earnings on Asset Quality Reset, Efficiency Ecobank Transnational Incorporated delivered a resilient first-quarter performance in 2026, underpinned by strong revenue growth and notable gains in operating efficiency, even as the bank undertook a significant balance-sheet clean-up. Gross earnings rose by 27.1% year-on-year to exceed N1.14 trillion, reflecting robust revenue generation across core business lines. This growth was reinforced by improved funding efficiency, with cost of funds declining to 2.50% from 2.90% in 2025, positioning the bank favourably in a high-rate environment and supporting margin stability. A key highlight was the bank’s efficiency milestone, with Ecobank reducing its…
The Nigerian Content Development and Monitoring Board (NCDMB) says ongoing reforms in the oil and gas sector are attracting billions of dollars in new investments and restoring investor confidence.
XRP gains slightly as Ondo Finance announced that it has successfully completed the first cross-border and interbank buyback of tokenised US Treasury bonds in collaboration with JPMorgan Chase’s Kinexys platform, Mastercard, and Ripple.
The naira rebounded in the Nigerian Foreign Exchange Market (NFEM), appreciating by a significant 67 basis points (bps) against the U.S. Dollar.
The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says its ongoing nationwide data verification exercise is aimed at ensuring accurate data for sharing revenue among states and local government areas (LGAs).
ABUJA: The Federal Government has approved a $500 million annual funding mechanism to transform Nigeria’s research and innovation ecosystem in line with international best practices.
The Nigerian Exchange (NGX) All-share index (ASI) recovered from sell pressures as Airtel Africa, Dangote Sugar Refinery, among others, drove momentum in the local bourse on Wednesday.