- Oil Tops $90 as Iran Retaliates Against U.S. Strikes
- Global Equities Markets Open Bearish over Fed Hawkish Tone
- Moody’s Changes Nigeria’s Credit Rating Outlook to Positive
- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
- Money Market Liquidity Tightens as CBN Steps Up OMO Actions
- XRP Falls as Ripple Prime Opens Wall Street Swap Desk
- Cardano Price Falls to $0.20 on Altcoin Sell Pressure
- Fitch Affirms France at ‘A+’ with Stable Outlook
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 Nigerian local currency, naira, climbed against the US dollar at the Nigerian foreign exchange market (NFEM) amid improved hard-currency liquidity.
Unilever Nigeria, International Breweries and other risers drove the Nigerian Exchange (NGX) All-share index (ASI) higher by 5 basis points on Thursday.
Short Market Brief- Elon Musk’s SpaceX initial public offering (IPO) is poised to achieve an impressive valuation of approximately $2 trillion.
Hyperliquid (HYPEUSD) gained about 15% to $57.12, as crypto data indicate that exchange-traded fund (ETF) inflows surpassed the number of tokens burned.
NVIDIA Profit Soars to $58bn in Q1 on AI Demand Boom With net income of $58.3 billion, Nvidia doubled its earnings in Q1 2027 from the equivalent period in its financial year 2026. Its adjusted earnings per share (EPS) rose 100% year on year (y/y) to $1.87, comfortably surpassing Bloomberg’s $1.77 estimate. Revenue was a record $81.62 billion, up by 85% y/y, ahead of market expectations of $79.19, driven by continued strength in AI demand and Blackwell ramp-up. Data Centre revenue increased 92% y/y to $75.2 billion, beating estimates of $73.48 billion, mainly driven by the ramp-up of Blackwell 300…
South African local currency, Rand is trading sideways on Thursday after inflation data released amidst ongoing negotiation between the US and Iran as part of an efforts to reopen Iran’s Strait of Hormuz.
XRP price climbed by 1.05% to $1.38 as Ripple partners with Project Eleven to audit its ledger. The token, which had hit a low below $1.30, ticked up, closely tracking Bitcoin’s 1.06% gain.
The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.
CBN Reprices Nigerian Treasury Bills Rates at Midweek Auction The Central Bank of Nigeria (CBN) repriced spot rates on Nigerian Treasury bills slightly at the midweek auction. The authority conducted a primary market auction, during which a total offer of N650 billion was placed on the table for subscription across standard tenors. The market showed a recorded healthy appetite for the naira asset with total subscription printing at about N2 trillion, according to the auction results. The CBN offered to sell 91-day treasury bills worth N100 billion, but subscription came much lower at N68.626 billion. A total allotment of N67.446…
The naira steadied against the US dollar at the official window as the Central Bank of Nigeria continues to chase headline inflation with 26.5% policy rate retention.