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- Live Update: FirstHoldco Tops N6.8trn on Otedola Calvados N18bn Bets
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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.
XRP Gains 8% to $1.53 as Trading Volume Spikes Ripple (XRP) price surged by 8.03% to $1.53 over the past 24h, significantly outpacing Bitcoin’s 3.36% gain, driven by broad sector rotation into altcoins. The rebound has been significant with improved trading volume. Trading signals and market trend signalled that capital was flowing from Bitcoin into higher-beta altcoins. XRP, as a major liquid alt, saw volume spike 174% to $4.26 billion, confirming strong buying interest amid this rotation. The rally is less about XRP-specific news and more about a market-wide risk-on shift toward altcoins. The key trigger is the sustainability of…
Equity investors gained about N2 trillion on the Nigerian Exchange (NGX), driven by strong interest in top market movers and highly capitalised stocks.
Ethereum (ETHUSD) climbed above $2k, reflecting an improved sentiment as BlackRock launches a yield-paying ETH staking Exchange-traded fund.
Lafarge Africa Plc reached its highest valuation in 52 weeks on the Nigerian Exchange, driven by a remarkable 400% year-on-year increase in dividends, which has fueled buying momentum.
Nigerian Exchange delivered a 27.5% return over 10 weeks as investors continue to position in stocks with strong fundamentals, growth, and upside potential on the local bourse.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the era of companies holding on to their prospecting oil licences without developing their assets is now officially over.
The Federal Government of Nigeria says the country’s ongoing economic reforms helped in averting a looming macroeconomic crisis and has begun restoring investor confidence in the country.
Valued at $811 million on Thursday, Render (RNDR) has gained 5.6% over the last 24 hours, reaching $1.56, as the AI narrative buoyed retail investors’ sentiment.
CBN Reduces Interest Rate on 364-Day Treasury Bills The Central Bank of Nigeria (CBN) has lowered the interest rate on Nigerian Treasury bills with a one-year maturity, according to details from the primary market auction results. This decision follows substantial investor interest, with N2.56 trillion staked against an offer of N600 billion for Treasury bills with a one-year tenor, as against aggregate subscription of N2.78 trillion recored. On Wednesday, the CBN conducted a primary market auction, offering N850 billion in Nigerian Treasury bills across three standard tenors: 91 days, 182 days, and 364 days. Specifically, the CBN placed N100 billion…
Oando to Delay Audited Financial Results for 2025, Q1 Oando Plc has told the Nigerian Exchange and its shareholders that the group will not be able to publish its 2025 Audited Financial Statements by the regulatory deadline of March 31, 2026. In its disclosure, the indigenous energy company said it expects to complete and file the 2025 audited results on or before May 30, 2026. The delay is principally due to the ongoing migration and integration of the Company’s legacy Enterprise Resource Planning (ERP) systems, which were inherited as part of its recent acquisition of Nigerian Agip Oil Company Limited…