- 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.
Ripple (XRP) price broke below $1.40 on Tuesday, underperforming the broader market dip and primarily driven by correlated selling pressure with Bitcoin.
Transcorp Power Posts N30bn Profit in Q1 2026 Transcorp Power Plc delivered about N30 billion profit after tax in the first quarter of 2026, details from the company’s unaudited financial statement revealed. The power-generating company’s earnings eased as sector-wide headwinds weighed heavily on its topline. Details showed that Transcorp Power’s revenue declined by 10.2% year on year, from ₦105.44 billion in Q1 2025 to ₦94.59 billion. Reflecting sector wide headwinds, the company reported that profit from operating activities fell from ₦44.54 billion to ₦36.53 billion. In its commentary note, CardinalStone Securities said the revenue shortfall was primarily operational in nature…
Bitcoin Dips as Clarity Act Stalls Over Trump’s Crypto Interest Bitcoin (BTC) price fell to $76,998.51 as the Clarity Act stalled amid the US President Donald Trump’s crypto-holding limit. The world’s largest digital asset price has reached $79k, but the attempt to cross the resistance was rejected. Trading volume picked up 120% on the day to $40 billion. The CLARITY Act, a flagship market structure and stablecoin bill, has been held up in the Senate Banking Committee since January, following initial fights over yield-bearing stablecoins. The main obstacle is now the ethics language that would restrict how Trump and other…
The Debt Management Office (DMO) increased rates on Nigerian government bonds across reopened 5- and 7-year papers, amid softer subscription levels.
The Nigerian naira weakened against the US dollar at the foreign exchange market (FX), extending previous losses due to liquidity shortage at the official currency market on Monday.
NGX Plunges, Investors Lose N1.37trn as Sentiment Shifts The Nigerian Exchange (NGX) All-share index and market capitalisation plunged on Monday as investor sentiment shifted from risk-on to risk-off. The local bourse experienced reversed trades across key stocks following a sharp rally that pushed many listed companies’ shares into the overbought zone. The NGX All-Share Index declining 0.94% to settle at 223,602.29 points, pulling the year-to-date return down to +43.69% and erasing ₦1.37 trillion from market capitalisation, which closed at ₦143.97 trillion. Stockbrokers said market breadth was negative at 0.9x, as 40 losers led by FIRSTHOLDCO, TRANSEXPR, UBA, ACCESSCORP, and FIDELITY…
XAUTUSD – Tether Gold Slides as Buying Sentiment Fades Tether Gold (XAUTUSD) slipped 0.77% to $4,668.61, underperforming a slightly negative broader crypto market. The move appears primarily driven by modest outflows in a risk-averse environment, with no clear coin-specific catalyst visible in the provided data. The token underperformed both a flat gold price and a slightly down crypto market. XAUt declined 0.77% while spot gold was virtually unchanged, and Bitcoin fell 0.30%. This underperformance suggests modest selling pressure, likely from investors reducing exposure during a risk-off session in which the total crypto market cap dipped 0.41%. Trading volume fell 6.24%,…
Bitcoin Cash (BCHUSD) price dipped 0.96% to $448.10 on Monday, underperforming a slightly weaker Bitcoin, amid a risk-off rotation away from altcoins ahead of a major Federal Reserve policy decision.
XRP Price Prediction: Could XRP Fade Into Irrelevance Like Cardano As Investors Choose Income with Varntix? XRP is roaring back into the spotlight, but XRP’s price is still not delivering the breakout holders want. Even with ETF optimism and post-SEC momentum, XRP has remained stuck around the $1.30 to $1.45 range, making the latest XRP price prediction debate feel more urgent. If major catalysts still cannot push XRP higher, investors have every reason to ask whether this is turning into another Cardano-style waiting game. That is why investors are choosing Varntix. It offers a digital wealth setup with fixed plans,…
The price of XRP surged to $1.44 as positive momentum formed following the recognition of Ripple’s CEO, Brad Garlinghouse, who received a top leadership award from Harvard.