- Naira Hovers Around N1,380 as Interbank FX Turnover Surges
- XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence
- Ethereum Price Slips 4% as Investors Liquidate Positions
- Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs
- Only 20% of POS Operators Registered- CAC Chairman
- FG Finally Hands Over Enugu Airport to Concessionaires
- We’re Rebuilding Abuja, Building Trust, Restoring Hope in Governance – Tinubu
- FG Signs 2026 Performance Pact to Promote Investment, Trade Expansion
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.
The Brent oil price could average USD120 per barrel (bbl) in 2026 if the Strait of Hormuz remains effectively closed for six months, or USD100/bbl if closed for three months, Fitch Ratings says in a new report.
The Central Bank of Nigeria (CBN) cut interest rates on Nigerian Treasury bills across the 182- and 364-day tenors at the midweek auction, according to details from the results release.
Global Terrorism Falls to Decade Low, Western Fatalities Surge Globally, deaths from terrorism reached their lowest level in a decade; however, this improvement may be short-lived, according to the Global Terrorism Index (GTI) released by international think tank the Institute for Economics & Peace (IEP). The report hints that many negative factors are converging in 2026, including the escalation of conflicts in Iran and South Asia, deteriorating economic prospects in the West, and the rising use of drone technology by terrorist organisations. Seven of the 19 countries that deteriorated on the Index were Western nations, and the conditions driving that…
Ripple (XRP) 3.78%, bringing its price down to $1.47 over the past 24 hours. This decline closely follows a broader market downturn, as Bitcoin fell by 4.63% and the total cryptocurrency market cap dropped by 4.25%.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has reiterated its commitment towards building tangible economic bridges and strengthening diaspora-driven investment into Nigeria.
ENJ Gains 24% as Gaming/NFT Token Enjoys Risk-on Rotation Enjin Coin (ENJUSD) gained 24.26% to $0.0248 over the past 24h, dramatically outperforming a down market, primarily driven by a high-volume technical breakout. The Coin’s recent developments emphasise utility—through staking yields and an ambitious cross-game NFT campaign—positioning it for ecosystem growth rather than speculative spikes The European exchange Bitvavo added ENJ to its “Flex Staking” program, offering a 4.10% annual yield with no lock-up period. This provides a new, accessible yield mechanism for ENJ holders directly on a centralised platform. ENJ’s explosive move is a classic technical breakout fueled by a…
Deposit Money Banks’ activities at the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) window boosted financial system liquidity to N7.65 trillion in the absence of the OMO auction.
GTCO Plc has reached a market valuation of N4.513 trillion on the Nigerian stock market, amid significant gains by its main competitor, Zenith Bank.
Market value of Zenith Bank Plc.’s 41.069 billion outstanding shares surged by about 8% to N4.569 trillion, following a rapid two-day rally that aligned with broader market direction.
Guinea Insurance Signs N5.8bn Rights Issue to Boost Capital Guinea Insurance Plc has signed agreements for its N5.8 billion Rights Issue to strengthen its capital base and reposition for growth. The company said the move marked a key step in its strategy to expand operations, enhance innovation and improve shareholder returns. The offer comprises 5.295 billion ordinary shares of 50 kobo each, priced at N1.10 per share. It is offered on the basis of two new shares for every three existing shares held. Chairman, Mr Temitope Borishade, said the capital raise aligned with the company’s long-term vision to scale operations…