- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
- Oil Prices Jump on Heightened Supply Risk, Brent Tops $114
- XRP Selloff Slows as Ripple Supports SEC Crypto Asset Framework
- Global Equities Markets Tank on AI Sustainability, Financing Fears
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.
South African Rand Softens as Energy Crisis Stokes Inflation Concerns The South African rand is trading weaker on Monday as the global energy crisis stoked inflation concerns, with expectations of an additional interest rate hike by the Reserve Bank. Oil prices topped $90 per barrel in response to the escalating US-Iran conflict, which is expected to heighten supply risks. In a brief, First National Bank (FNB) disclosed that the rand is trading slightly weaker, citing dampened investor appetite for risk-sensitive assets in the wake of renewed US-Iran strikes. FNB said continued attacks in the Middle East and growing concerns about…
Wall Street Slips, FTSE 100 Climbs Amidst US-Iran Hostilities Global equity markets tightened as US-Iran hostilities dampened investors’ sentiment, with selloffs on Wall Street at the close of the session on Friday. Escalating hostilities between the US and Iran emerged as the dominant overnight market force, driving Brent crude above $90 a barrel for the first time since mid-June. The geopolitical distortions have triggered renewed inflation concerns across global bond and equity markets. Tehran’s declaration that its ceasefire commitments had effectively collapsed, combined with attacks on vessels transiting the Strait of Hormuz and a strike on a Kuwaiti oil facility,…
Ripple (XRP) price is down 0.631% to $1.09 as the token continues to fall back below the line due to sustained outflows linked to exchange-traded funds (EFTs).
The Federal Government of Nigeria (FGN), through the Debt Management Office ….
Ripple (XRP) price is holding flat around $1.09 over the last 24 hours, roughly unchanged on the day
Zenith Bank Plc’s 41.069 billion outstanding shares were valued at N4.681 trillion, 14% below the 52-week high on the Nigerian Exchange (NGX).
First Holdco gained about 39% in the stock market, breaking support to hit a new high on the Nigerian Exchange
Cardano (ADA) price declined slightly by 0.5% to $0.1652, underperforming a slightly positive broader market, primarily driven by a “sell-the-news” reaction to its major network upgrade.
Ripple (XRP) price rebounds from sell pressure, up 0.54% to $1.09, underperforming the broader market’s 0.83% rise and closely following Bitcoin’s +1.19% move, primarily driven by improved macro sentiment that lifted the entire crypto complex.
Visa (NYSE: V) has announced the Visa Stablecoin Platform (VSP), a new enterprise platform