- 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.
PayPal stablecoin, PYUSD, reached $3.44 billion in market capitalisation on growing transaction volume. PYUSD is expanding its blockchain footprint and institutional utility, though it faces competitive outflows.
Hopes for de-escalation in the Middle East set the tone for global markets, with Wall Street’s S&P 500 ending the week up 0.29% and the NASDAQ up 0.89%, First National Bank said in a morning brief on Monday.
The Kenyan shilling (KES) gained strength against major crosses in the foreign exchange market last week, reflecting the absence of significant pressure on the local currency amidst growing diaspora remittances.
The top 7 members of the oil group, the Organisation of Petroleum Exporting Countries and allied (OPEC+), announced on Sunday a production adjustment of 188,000 barrels per day (bpd) starting from June.
MTN Nigeria Plc.’s market value topped N19 trillion on the Nigerian Exchange (NGX) as robust earnings performance triggered strong bargain hunting in the local bourse.
XRP price is locked at $1.40 after Ripple tightened supply following its monthly activities. The token has seen a significant price increase after failing to break the resistance level since last week.
Nigeria will rake in N6.8 trillion in fiscal windfall from the global energy crisis, which has increased oil prices across grades, BMI, a Fitch Solutions Company, said in a monthly update obtained by MarketForces Africa.
Access Holdings Plc lost about 14% of its market capitalisation over the last four trading sessions on the Nigerian Exchange (NGX) due to deteriorated investor sentiment.
The Ministry of Petroleum Resources says Nigeria remains committed to the principles and objectives of the Declaration of Cooperation between the Organisation of the Petroleum Exporting Countries (OPEC) and its allies under OPEC+.
Fitch Ratings has affirmed Ireland’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘AA’ with a stable outlook.