- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
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.
Ripple (XRP) price declined 4% to $1.30 over the past 24h, closely tracking a broader market sell-off led by Bitcoin. Trading volume is up 21% to $2 billion amidst market-wide sell pressure.
The equities market closed on a positive note on Friday, with the Nigerian Exchange (NGX) All-Share Index (ASI) gaining 0.22% to settle at 249,712.37 points.
The blockbuster IPOs expected imminently from SpaceX, OpenAI and Anthropic could weaken the grip the Magnificent Seven — Apple, Microsoft, Nvidia, Amazon, Meta, Alphabet, and Tesla — have held over Wall Street for years, says Nigel Green, CEO of global financial advisory deVere Group.
Ripple (XRP) bottomed out amid sell-offs, with the price falling to $1.35 on Friday, closely tracking a broader market decline primarily driven by macro headwinds pressuring risk assets.
South African rand (ZAR) trades soft against the US dollar, Euro, and British pound on Friday as the gold rally eases amid US-Iran peace deal negotiations.
Nigerian Eurobonds rallied in international markets as investor sentiment improved after midweek sell-offs in US dollar-denominated sovereign notes.
Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the secondary market after the Central Bank of Nigeria (CBN) made a slight adjustment to spot rates at the midweek auction. Trading activities at the secondary market ended on a bullish note on Thursday, with average yields at the mid and long segments of the curve declining by 4bps and 3bps, respectively. Yields contracted as lost bids at the midweek auction filtered into the secondary market. The market recorded buying interest in Nigerian Treasury bills with maturities of 25-MAR (-31 bps), 5-NOV (-15 bps), and 3-DEC…
Meta says its digital platforms contribute an estimated $ 820 million annually to Nigeria’s economy while helping millions of businesses expand their customer reach nationwide.
The Nigerian local currency, naira, climbed against the US dollar at the Nigerian foreign exchange market (NFEM) amid improved hard-currency liquidity.
Unilever Nigeria, International Breweries and other risers drove the Nigerian Exchange (NGX) All-share index (ASI) higher by 5 basis points on Thursday.