- 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 yield on Nigerian sovereign Eurobond shifted higher amid negative investor sentiment across African issuers, primarily driven by inflation outlook and fiscal pressures.
The Central Bank of Nigeria (CBN) monetary policy committee (MPC) maintained the status quo on rates at the end of a two-day meeting on Wednesday.
The South African rand (ZARUSD) opens trading on a weak note after the local unit was sold off amid rising crude oil prices, a direct consequence of Middle East tensions.
UK Headline Inflation Declines to 2.8% in April United Kingdom (UK) headline inflation fell sharply to 2.8% in April 2026, well below the 3.3% recorded in March and below the consensus forecast of 3.0%. The data from the Office for National Statistics (ONS) showed that petrol price inflation, in isolation, reached its highest level since 2022 at 23% in April – up from 4.9% in March. According to ONS, the core consumer price index (CPI) similarly moderated to 2.5%, while the Retail Price Index rose by 3.0%, landing significantly below the 3.6% market estimate. The sudden cool-down was a structural…
Global equities shuddered as rising bond yields and persistent inflation fears rippled through markets, driving increased demand for safe havens.
Binance Coin (BNB) price slipped 1.03% to $638.68 on Tuesday amid broader crypto market selloffs, primarily driven by a risk-off rotation away from altcoins.
Ethereum (ETH) price declined to $2,104.22 amid a large crypto transfer initiated by BlackRock, underperforming a slightly weaker broader market.
Ripple (XRP) price is down 3% to $1.35, underperforming a slightly weaker Bitcoin, primarily driven by a risk-off rotation out of altcoins amid broader market pressure.
Without peace in the Middle East, global markets have struggled to sustain an uptrend amid geopolitical instability, which has dampened investor sentiment.
Oil prices declined on Tuesday after President Donald Trump announced that he postponed a military strike against Iran after direct appeals from the leaders of Qatar, Saudi Arabia, and the United Arab Emirates.