- 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.
The average yield on Nigerian Treasury bills fell slightly as investors increased bets on the naira asset in the secondary market following a disinflation-driven boost to real returns.
NVIDIA Tokenised bStock Falls as Investors Chase US Yields NVIDIA Tokenised bStock (NVDAB) price is down 2.58% to $219.26 over the past 24 hours, underperforming a slightly positive crypto market. The drop is primarily driven by a decline in the underlying Nvidia (NVDA) stock, which fell around 2% on August 18 amid a broader tech selloff triggered by rising Treasury yields. The price of NVDAB, a synthetic token tracking Nvidia’s stock, fell in sync with a 2% drop in NVDA shares. This decline was part of a sector-wide tech sell-off, with the Philadelphia Semiconductor Index tumbling 3.7% as rising long-term…
The Nigerian naira appreciated to N1,343 against the US dollar on Tuesday, as the currency continued to gain momentum in the foreign exchange market.
Profit-taking in shares of top big banks knocked about N545 billion off the Nigerian Exchange (NGX) equities market capitalisation, marking the sixth consecutive downturn since last week.
South African Rand Weakens Ahead of Bonds Auction South African rand weakened marginally on Tuesday despite continued pressure on the US dollar. The rising energy crisis has stoked inflationary pressures, which are anticipated to drive global interest rate hikes. On Tuesday, the South African local currency, the rand, is trading at R16.25 per dollar, R18.81 per euro, and R22.00 per British pound, said the stockbroking and portfolio management subsidiary of First National Bank (FNB) in a brief. Softer US economic data last week, including weaker retail sales, employment and inflation readings, have reinforced expectations that the Federal Reserve will keep…
Nigeria’s sovereign Eurobonds faced selling pressure in the international market as foreign portfolio investors continue to pile into US Treasuries amid elevated yields.
The average yield on Nigerian Treasury bills increased as investors trimmed positions in the secondary market amid sustained deceleration in inflation.
Money market funding rates eased ahead of anticipated inflows of more than N2 trillion from NGOMOB, a financial market ticker prefix used for Open Market Operations (OMO) zero-coupon bills and short-term securities issued by the Central Bank.
Ripple today announced a partnership with Jeonbuk Bank, making it the first regional bank …
Ripple (XRP) price slipped 1.11% to $0.98972, underperforming the Bitcoin market…