- 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.
Oil prices soared following reports that the US is preparing for an extended blockade of Iran. US crude rose 7.6% to $107.52 a barrel on Wednesday, and Brent rose to $ 119.54 per barrel, up 7.44%.
The naira rose against the US dollar at the Nigeria Foreign Exchange Market (NFEM) amidst a significant surge in interbank turnover, according to daily FX data published by the Central Bank.
Equity investors posted N5.5 trillion in capital appreciation on the Nigerian Exchange (NGX) as bargain hunting heated up amid the first-quarter earnings release.
XRP price stabilises around $1.38 on optimism after Ripple Chief Executive Brad Garlinghouse reiterated that the token remains the company’s guiding “North Star.”
The global crypto market cap rose to $2.57 trillion on Wednesday as the Hong Kong Monetary Authority (HKMA) and HSBC flagged fake stablecoins, prompting capital to rotate towards the top digital assets.
Guaranty Trust Holding Company’s (GTCO) net profit slipped more than 15% to N218 billion at the end of the first quarter of 2026, from N259.9 billion posted in the equivalent period in 2025.
The South African rand is relatively weaker overnight, trading at R16.55 to the dollar, R19.38 to the euro, and R22.36 to the pound, First National Bank said in a morning brief.
Wall Street Slips Amidst AI Investment Returns Concerns Wall Street came under pressure overnight as ongoing geopolitical concerns and weakness in the tech sector led to a sell-off across the major indices. The S&P 500 closed down 0.49%, the NASDAQ fell 0.90%, and the Dow Jones slipped 0.05%, with concerns over AI investment returns intensifying after OpenAI missed key targets ahead of major earnings releases. In its morning brief, First National Bank (FNB) said investors will now look ahead to several earnings releases from Meta, Microsoft, Google, and Amazon later today for further insight into the tech sector and future…
Reflecting an uncertain outlook, oil prices rose on Wednesday, driven by expectations that ongoing uncertainty in the Strait of Hormuz could further tighten global supply.
Jaiz Bank plc. dropped an additional 9% of its market value as concerns about the Islamic lender’s delayed audited financial statements stoked sell pressure in the local bourse.