- Oil Prices Edge Higher Over Escalating US-Iran Conflict
- US, European, Asian Equities Mixed – Alphabet Compounds Sell Pressure
- Nigerian Treasury Bills Yields Soften as Investors Boost Positions
- Money Market Rates Mixed as System Liquidity Shrinks
- SEC Deepens Investor Protection Drive with Nationwide Campaign on Unclaimed Funds
- BUA Foods’ Expansion Strategy Signals Long-Term Growth
- BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets
- Oyo Govt Approves Over N35bn for Agriculture, Others
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.
Ethereum (ETH) price has been stable around $2050 over the past 24h, underperforming a nearly flat Bitcoin, primarily due to derivatives pressure from nearby liquidation zones.
XMR Price Dips on High Bitcoin Dominance, Altcoin Rotation Monero (XMR) price dipped by 3% to $317.09 over the past 24h, underperforming a slightly positive broader market, primarily driven by sector-wide altcoin outflows as capital consolidates into Bitcoin. High Bitcoin dominance and pressure from altcoin rotation, with BTC’s 58% market share drawing capital away from smaller altcoins like Monero. If XMR holds above the $310 support, it may consolidate between $310–$330; a break below could trigger a test of the $300 psychological level. Watch for a shift in the CMC Altcoin Season Index, currently at 38, signalling a risk-off tilt.…
The 330 Kilo (kV) West African Power Pool (WAPP) North Core Interconnection project is almost completed to enhance regional power supply and integration.
CBN Inaugurates Payments Committee to Boost Digital Economy The Central Bank of Nigeria (CBN) has inaugurated a Payments Service Providers’ Committee to strengthen coordination, address challenges and sustain growth in digital payments. Dr Abdullahi Sani, CBN Deputy Governor (Economic Policy), said the committee unites licensed providers and key regulators at its inaugural Lagos meeting. Sani said Nigeria’s digital payments landscape had recorded remarkable expansion in recent years, reflecting growing adoption across sectors. “In 2024 alone, over 11.2 billion electronic transactions valued above N1.07 quadrillion were processed,” he said. He noted this marked the first time transactions exceeded the quadrillion-naira threshold,…
Ecobank Nigeria, a member of Africa’s leading pan-African banking group, has reaffirmed its commitment to providing customers with seamless and uninterrupted banking services throughout the Easter public holidays.
Ripple (XRP) price climbed slightly, trading at $1.32 during early morning on Saturday, as the crypto market remains tight. XRP has gained about 2%, though trading volume remained depressed 1% to $2 billion.
Cardano Gains on Mastercard Partnership, Google AI Quantum Ranking Cardano (ADA) price surged 3% to $0.2446 over the past 24h, outpacing a flat broader market, driven primarily by speculation about a potential Mastercard partnership. Investors moved to the buy side on optimism about Google’s Quantum security ranking, which places Cardano above Ethereum. This price move aligns with a modest uptick in the total crypto market cap but shows signs of independent, news-driven interest. Partnership speculation drove trading volume after EMURGO CEO teased Cardano’s entry into Mastercard’s qualification stage. The ADA price uptick was supported by a technical bounce from oversold…
The naira dipped against the US dollar at the Nigerian foreign exchange market (NFEM), with the official rate closing at N1,380, data published by the Central Bank revealed.
NG Treasury Bills Market Turns Green, Yield Dips Reflecting an improved investor sentiment, the Nigerian (NG) Treasury bills market turned green, with the average yield declining by 1 bp to 17.66%. The secondary market saw buying as investors continued to shift funds across the Nigerian financial market, seeking higher yields to optimise their portfolios. Investors’ interest in the naira curve remains strong as macroeconomic indicators signal a positive outlook for the Nigerian economy. Inflation is anticipated to decline further, with a mixed outlook for interest rates amid geopolitical instability that is expected to affect policy dynamics. Traders at Meristem Securities…
Ripple (XRP) crashed to its lowest level in weeks at $1.30, losing more than 3% over the last 24 hours amid bearish conditions in the global cryptocurrency market, closely tracking a broader market sell-off.