- XRP Price Overwhelmed by Regulatory Miss, Spot ETF Outflow
- Live Update: FirstHoldco Tops N6.8trn on Otedola Calvados N18bn Bets
- Betaglass Posts N16.2bn Profit in H1-2026
- South African Rand Trades Sideways as Risk Sentiment Improves
- Trump Orders Restriction on U.S. Birthright Citizenship
- Oil Prices Rise, Brent Nears $84 over Shipping Route Uncertainty
- S&P 500 Dips as Wall Street Bearish, European Markets Rally
- Nigeria Rejoins World Energy Council, Inaugurates Governing Board
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.
Nigerian Exchange (NGX) market capitalisation climbed to N126.43 trillion as equity investors gained N2.67 trillion week-on-week, supported by buying interest in stocks with upside potential.
Ripple (XRP) has seen little price fluctuation recently, trading at $1.36 despite notable outflows from exchange-traded funds (ETFs). In the first week of March, U.S. spot XRP ETFs faced their first significant net outflow since late January, with losses totalling $4.09 million.
Bitcoin (BTC) fell to the $68k level on Saturday after large exchange-traded fund (ETF) outflows, reflecting renewed bearishness in the crypto market.
KuCoin Token (KCS) fell by approximately 2% over 24 hours, bringing its price down to $7.82. This decline occurred amid a broader market downturn, with Bitcoin dropping by 3.6%.
Brent crude price topped $90 on Friday, reaching its highest level since April 2024, as escalating conflict in the Middle East heightened concerns over disruptions to global energy supplies.
Intercontinental Exchange (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global capital markets, including the New York Stock Exchange, today announced a strategic relationship and investment in OKX, a blockchain technology and trading company serving more than 120 million people globally.
Zambia’s growth projections for 2025 and 2026 have been revised downward, the International Monetary Fund said in a statement as fiscal pressures emerge.
Dangote Refinery Justifies Petrol Price Hike, Landing Cost Hits $91 Citing 26% rise in the price of Brent crude oil, Dangote Petroleum Refinery & Petrochemicals reassures Nigerians of its unwavering commitment to serving as a stabilising force amid recent shocks in the international oil market. In a statement on Thursday, the company claimed landing costs surged 33% to $91 from $68 following the Middle East conflict. The Refinery said in a statement that conflict in the Middle East has led to the shutdown of some refineries and a cut in refinery production worldwide. This is leading to a global scarcity…
African Eurobonds Issuers’ Yields Ease in Fresh Rally The average yield on Nigerian Eurobonds declined in the international debt market amid rising demand from oil-linked African issuers. Reversing the previous bearish sentiment, the African Eurobond market shown positive trends, driven by investors reacting to recent price declines and a slowdown in their shift to safer assets. Angola, Egypt, and Ghana Eurobonds attracted offshore investors’ attention, with notable demand for Nigerian US dollar bonds in the international market. Yields across Nigeria’s Eurobond curve trended lower, with traders noting significant increases in U.S. Treasury yields that reflect a global shift in the…
Ripple (XRP) recorded a 3.45% positive price movement over 24 hours to $1.44, supported by strong ETF inflows amid improved sentiment and the latest crypto rally.