- 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.
Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, describing the report as entirely baseless.
Equity Investors Gain N10.7trn, YTD Return Nears 56% Pushing year-to-date return (YTD) near 56%, equity investors gained about N10.7 trillion, trading at highs and lows on the Nigerian Exchange (NGX) over the last five trading sessions, amid first quarter 2026 earnings announcements. Last week, the local bourse ended activities on a strong note, extending its bullish momentum as gains in key stocks drove overall performance. The benchmark NGX All-Share Index (ASI) rose by 7.33% week-on-week to settle at 242,277.81 points, while market capitalisation increased by the same margin to ₦155.99 trillion, representing a gain of approximately ₦10.66 trillion. Bargain hunting…
The Nigerian naira gained about N11.80 kobo per US dollar (USD) at the official window in April, closing at N1374.9431, according to daily FX publications released by the Apex Bank.
PayPal’s (PYSUD) stablecoin is gaining momentum through corporate restructuring, market growth, and deeper financial integrations.
Solana (SOLUSD) price has been hovering around $84 over the past 24 hours, underperforming a slightly positive Bitcoin, primarily due to sector rotation out of altcoins and into Bitcoin.
The UK manufacturing sector made a positive start to the second quarter of the year, with the trends in output, new orders and employment all showing signs of improvement, according to the purchasing manager index (PMI) report released by S&P Global.
Solana (SOLUSD) has gained about 2% to $84.18, modestly outperforming a flat altcoin market on optimism over Western Union’s move to launch a stablecoin on the network.
Avalanche (AVAXUSD) climbed to $9.17 amidst positive investor sentiment, modestly trailing a broader market rally, primarily driven by Bitcoin’s 2.69% gain on positive macro sentiment.
Bitcoin (BTC) price rose by 3% to $78,490 outpacing a broader market that rose 1.77%, primarily driven by renewed institutional demand amid spot ETF inflows.
Ripple (XRP) price climbed 2% to $1.40, modestly outperforming a flat broader altcoin market, primarily driven by momentum from its flagship conference.