- BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets
- Oyo Govt Approves Over N35bn for Agriculture, Others
- Tantalizers Assures Shareholders of Sustainable Growth
- Naira Rises as Foreign Reserves Approach $52 Billion
- BUA, Insurance, Tech Stocks Drag NGX Indices Lower
- NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access
- XRP Trades Soft as Ripple Urges Senate to Support Clarity Act
- Solana Slips after SBI Taps Network for Tokenised Japan Equity Fund
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 African Development Bank Group (AfDB) has approved a $200 million loan to support Nigeria’s efforts to expand digital infrastructure and create jobs.
Toncoin (TON) gained 14.83% over the last 24 hours, trading at $1.48, dramatically outperforming flat Bitcoin and driven primarily by a bullish network upgrade announcement from Telegram.
Ripple (XRP) resumed its price recovery, rising to $1.35, as Japan classifies the native utility token as a financial asset, boosting investor sentiment and attracting capital into altcoins.
With a market cap above N131 trillion, equity investors on the Nigerian Exchange (NGX) gained about N392 billion on Friday, driven by Guinness Nigeria, Lafarge Africa, and International Breweries.
CoreWeave’s (NASDAQ: CRWV) share price climbed to $104 in premarket trading on Friday after the company announced a multi-year agreement with artificial intelligence (AI) startup Anthropic.
International Breweries is gaining momentum in the Nigerian stock market on Friday. Its share price is up by 9.88% due to significant trading volume led by buy-side actors.
Lagos: Guinness Nigeria Plc’s share is courting investors’ attention with a sharp intraday rally, pushing the brewer’s market value higher by about 9.4% on Friday.
Ripple’s XRP continues to trade in a tight range, settling at $1.34 on Friday amid light volume amid the Evernorth Nasdaq listing plan.
Nigerian T-Bills Demand Surges Amid Disinflation, Rates Cut The average yield on Nigerian Treasury bills slumped further, down 14 basis points in the secondary market, as investors ramped up naira assets after failed bids at the midweek auction. Spot rates repricing persisted at the primary market auction conducted by the Central Bank of Nigeria (CBN) on Wednesday, with about N3 trillion subscription level on record. Disinflation has widened real return on investment, fuelling surging demand for the naira asset – effectively hedging against double digit consumer price index for risk averse investors. The midweek auction was significantly oversubscribed, but allotment…
South Africa: Johannesburg Stock Exchange (JSE) index dipped on Thursday as the share prices of Byte Technology Group and FirstRand dived amid selling pressure.