- 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
- MTN Nigeria Dips Ahead of Scheduled Dividend Payments
- First Holdco Hits N6.6trn on 60% Distributable Profit Bets
- Navy Disrupts 2 Illegal Refining Sites in Rivers
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.
Crude oil prices edged higher on Thursday as ongoing uncertainty over the Strait of Hormuz and a sharp decline in US strategic petroleum reserves raised concerns about global oil supply.
SK Hynix Tokenised bStock (SKHYB) is down 0.58% to $163.44, underperforming a surging crypto market
XRP is up 9.8% to $1.10 on Thursday, outperforming a broad market rally primarily driven by a macro
Bitcoin Gains 8% on U.S. Treasury Policy, Crypto Rulebook Bitcoin is up 8.14% to $69,821, leading a broad market rally, driven primarily by a powerful combination of positive U.S. regulatory news and a major macro liquidity injection. The US SEC proposed its first comprehensive crypto rulebook and the U.S. Treasury announced it would double long-term bond buybacks to $4 billion, boosting liquidity and risk appetite. Two simultaneous U.S. policy moves ignited the rally. The SEC’s proposed rule aims to simplify crypto fundraising, while the Treasury’s bond buyback expansion is seen as an indirect form of yield curve control, thereby improving…
Ethereum (ETHUSD) is up about 19.8% to $2,291 on Wednesday, significantly outperforming a broad market rally, primarily driven by a macro liquidity injection that triggered a historic short squeeze.
Bargain hunting in top cryptocurrencies drove a 6% surge in global market capitalisation as US yields moderated, shifting attention to digital assets.
US Treasury Double Down Bond Buyback to $4bn US Treasury on Wednesday said it will increase the size of its government debt repurchases from $2 billion to $4 billion, sending yields sharply lower amid substantial market stress. With fixed-income markets under pressure and yields surging to levels not seen in nearly 20 years, the announcement targets the sensitive, longer-duration part of the Treasury market. The buybacks will be doubled down across the 10yr to 20yr and 20yr to 30yr maturity ranges. In reaction, the yield on the 30-year Treasury bond fell as much as 0.1 percentage point following the announcement,…
Bitcoin (BTC) price rose 5.30% to $68,102.19 on Wednesday, outperforming the broader market rally and showing a strong correlation with Gold, suggesting a macro-driven move.
Ripple (XRP) gained 6% in 24 hours to $1.06 on Wednesday, slightly outperforming Bitcoin, primarily driven by a combination of positive company news and a strong market-wide rally.
South African Rand Firmer as Markets Anticipate US to Keep Rates The South African rand is marginally firmer on Wednesday as markets price in the expectation that the US Federal Reserve will keep interest rates unchanged at its next Federal Open Market Committee (FOMC) meeting. The sovereign unit is trading at R16.25 per dollar, R18.82 per euro and R21.99 per pound, according to a market brief released by South African First National Bank (FNB) on Wednesday. The dollar index edged lower as softer US economic data continues to weigh on the dollar and reinforce expectations that the Federal Reserve will…