- 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.
UBA Surges 15% as Share Price Touches 52-Week High United Bank for Africa (UBA) gained about 15% in the Nigerian stock market week-on-week (WoW) amid increased bargain hunting ahead of its earnings release. Reflecting investors’ positive sentiment, the Pan-African lender’s share price rose to N55 on Friday, briefly touching a 52-week high of N55.20 amidst significant trading activities. The bank’s share price closed at N55, as 43.115 million units of UBA Group, valued at N2.32 billion, were traded on the local bourse. UBA experienced significant trading volume, ranging between 37.539 million and 55.258 million. The market value of UBA Plc.’s…
Nigeria is increasingly becoming a case study for quick returns for foreign investors, according to AAG Capital Limited. In its latest update, the firm referenced recent foreign portfolio investment data for March 2026, published by the Nigerian Exchange.
Monero (XMRUSD) gained 5.24% to $393.92, outpacing Bitcoin’s 1.21% increase. The altcoin gained traction as buyers’ confidence improved. The narrative surrounding Monero is split between its growing reputation as a leading privacy asset and the inherent security challenges shared by proof-of-work blockchains.
Kidnappings and violent assaults targeting crypto investors in France have climbed sharply, driven by organised gangs allegedly using leaked tax data to identify wealthy holders.
Hedera (HBARUSD) surged 3% to $0.0930, significantly outpacing Bitcoin’s 0.80% gain, driven by broader market optimism and a technical breakout attempt.
Jaiz Bank Plc traded against the bullish trend on the Nigerian Exchange (NGX) and lost 7% of its market value over the last five trading sessions, amid a weekly gain of about N6 trillion in the local bourse.
FCMB Group Plc saw a 5% increase in market capitalisation after the Board of Directors approved the first-quarter financial results for 2026.
Ethereum (ETH) price climbed 1% to $2,336.25, outpacing a broadly flat market, driven by a technical breakout and steady institutional flows following the endorsement from the Shank Tank investor.
Hyperliquid (HYPEUSD) is down 1.60% to $41.15, underperforming a slightly positive broader market, primarily due to technical resistance and fading momentum after a strong rally.
With less than 1% of the banking industry’s market share, short-term working capital financing accounted for the largest share of Globus Bank Limited’s loan book, Fitch said in a rating note.