- 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 UN Economic Commission for Africa (ECA) and Financial Sector Deepening (FSD) Africa concluded on Friday, 8 May in Addis Ababa, Ethiopia, the Second African Forum on Sovereign Finance, under the theme: “Enhancing Fiscal Space and Debt Sustainability.”
Oil prices climbed on Monday as the US and Iran dashed hopes of a peace agreement following a series of proposals and counterproposals over the opening of the Strait of Hormuz.
Bitcoin (BTCUSD) price rose to $81.5k amid sustained investor optimism ahead of the US clarity Act and amid uncertainties in the geopolitical environment.
The Federal Executive Council (FEC) has approved three strategic Public-Private Partnership (PPP) projects aimed at strengthening Nigeria’s infrastructure base and stimulating economic growth across critical sectors.
Bitcoin (BTC) price climbed by 0.64% to $80,721.79 on market optimism about increasing adoption, slightly outpacing a broadly flat total market (+0.33%) as it consolidates below a key technical ceiling.
Binance Coin (BNB) is a few pips away from $650 amid a sharp drop in trading volume across the cryptocurrency market. Trading data indicates BNB volume is down 48% over the past 24 hours to $761 million.
Ripple (XRP) price rose to $1.42 from $1.39, buoyed by crypto investors’ optimism after UBS disclosed an investment in Ripple’s token in its regulatory filing.
Sahara AI Gains 26% on Sector Rotation, Speculation Sahara AI is up 26.03% to $0.0384 in 24h, significantly outperforming a flat broader market, primarily driven by AI sector rotation and speculative derivatives activity. The AI-native blockchain platform’s price surge was fueled by AI sector fervour and frenetic trading activity, though it now faces its first test as whales begin to cash out. Technical traders said Sahara AI surged alongside other AI-themed tokens, including Billions Network (BILL +51.14%), as it was among the day’s top crypto gainers. This indicates a narrative-driven rotation, with traders piling into high-beta AI assets while the…
Sui gained 5.07% to $1.07, significantly outperforming Bitcoin’s 0.92% gain as Nigerian Fintech company Paga partners with Sui to expand African crypto payments.
Dangote Cement Plc hit a 52-week high on the Nigerian stock market, with investors posting a 12.16% gain over the last five trading sessions.