- XRP Dips as Wall Street Giant T. Rowe Price Launches XRP ETF
- South African Rand Softens as Markets Digest US Economic Data
- Abia, Investors Partner on $145m Solar Manufacturing Plant
- Earnings Surged as Subscribers Watch Netflix for 97 billion Hours
- 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
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 Rebounds after De-escalation Signals Plunge Crude Prices Brent crude price rose on Tuesday, recovering some of the losses from the previous session as escalating tensions in the Middle East continued to raise concerns about potential supply disruptions. International benchmark Brent crude traded at $98.74 per barrel, an increase of about 3% from the previous close of $95.92. Meanwhile, the US benchmark West Texas Intermediate (WTI) saw an increase of 3.6%, reaching $91.30 per barrel, up from $88.13 in the prior session. This rebound follows a price drop the day before when US President Donald Trump announced a five-day pause…
The European Union (EU) has pledged to deepen bilateral ties with Nigeria across security, trade, and key economic sectors amid growing global uncertainty.
MTN Nigeria Plc lost 6.46% of its market value, equivalent to N1.028 trillion, amid large-scale selloffs on the Nigerian stock market. The telco company’s market value plunged as investors dumped shares on the Nigerian Exchange, according to trading data tracked by MarketForces Africa.
The Central Bank of Nigeria (CBN) sold OMO bills worth N2.4 trillion to banks, and foreign portfolio investors at the primary market auction floated on Monday.
The naira pulled back sharply against the US dollar at the Nigerian foreign exchange market (NFEM) as foreign reserves recorded its fifth outflow for international payments on Monday.
The Federal High Court in Abuja, on Monday, convicted and sentenced Chukwunyere Nwabuoku, former acting Accountant-General of the Federation (AGoF), to a 72-year jail term without an option of fine.
Naira bulls at the Brroastreet have maintained a positive outlook on the exchange rate amidst geopolitical dislocation that has pushed oil prices above $110 on Monday.
CBN Renews Focus on Inflation Targeting Monetary Policy The Central Bank of Nigeria (CBN) has reaffirmed its commitment to deepening engagement with the academic and research community as Nigeria progresses toward a fully-fledged Inflation Targeting (IT) monetary policy regime. A statement issued by the CBN on Monday said its Deputy Governor in charge of Economic Policy, Dr Muhammad Abdullahi, made the statement during a strategic session with the Nigerian Economic Society (NES) and the academic community in Abuja. Abdullahi described the dialogue as timely and essential to Nigeria’s ongoing economic reform programme. He addressed a gathering of scholars, directors, and…
African sovereign borrowers are poised to benefit from a weaker U.S. dollar, which alleviates imported inflation and lessens the local-currency burden of external debt, according to a non-rating commentary note from S&P.
The market value of Zenith Bank Plc.’s 41.069 billion outstanding shares increased by approximately 8%, reaching N4.569 trillion, following a rapid rally that aligned with broader market trends last week.