- 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.
Stellar (XLM) price soared by 24.09% in 24 hours to $0.20872, dramatically outperforming a flat broader market, primarily driven by a landmark institutional partnership announcement.
South African Rand (ZAR) rallied against Western currencies late on Thursday after the South African Reserve Bank raised key rates by 25 basis points.
Ethereum (ETHUSD) sank 4% to $1,992.21 as fear underscored trading activities in the cryptocurrency market on Thursday following renewed attacks between the US and Iran.
Bitcoin Price Tumbles on Geopolitical Risk, Huge Unwind Leverage Bitcoin (BTC) price declined 3% to $73,308.33 on Thursday as renewed geopolitical tensions stoked sell-offs and a massive unwind of leverage. The BTC price decline was driven by a macro shock that exposed weak institutional demand and overleveraged markets. The digital asset underperformed a falling market. It shows a strong correlation (84%) with Gold, indicating a shared macro-driven move. The primary catalyst was renewed U.S. military strikes on Iran near the Strait of Hormuz on May 27-28, which reversed ceasefire hopes and triggered a global risk-off reaction. This caused Bitcoin, viewed…
Ripple (XRP) breached its crucial $1.30 support level on Thursday, following significant sell-offs, as renewed geopolitical tensions dragged down Bitcoin and Ethereum.
GCR Affirms Stanbic IBTC Bank AAA/ A1+ Ratings, Outlook Stable
The Irish economy is projected to grow at a slower but still robust pace, the International Monetary Fund (IMF) said at the end of its latest official staff visit to Ireland.
Bitcoin (BTCUSD) plunged below $75k on Wednesday as institutional sell-offs dampened sentiment amid a lawsuit in New York.
Global markets kick off strong on Wednesday, with Technology and Artificial Intelligence (AI) stocks driving momentum in the previous trading session.
The Nigerian naira declined across foreign currency markets due to surging demand for the US dollar, the Euro and the Sterling. Daily FX data released by the Central Bank of Nigeria (CBN) showed that the local currency closed the trading session at ₦1,375.4073 per US dollar, up from ₦ 1,374.9172 the previous day.