- PenCom Extends PenCare Access to Retirees Earning N150,000
- Emefiele: I was Given Oral Waiver to Transact in Disputed Accounts – Witness
- NPA Records 4.4% Rise in Cargo Throughput at Apapa Port in 2025
- FG Vows to Deliver Tech-driven $1trn Economy
- Trump in Turkey to Attend High-Stakes NATO Summit
- Ebola Outbreak in Congo Still in ‘Expansion Phase ’-WHO
- NNPC GCEO Urges Global Collaboration to Unlock Africa’s Energy Potential
- NCAA Warns Revenue Cuts Could Affect Aviation Safety Oversight
Author: Ogooluwa Aremu
Ogooluwa Aremu is a business journalist at MarketForces Africa covering Nigeria's energy sector, macroeconomic policy, African continental affairs, cryptocurrency markets, and foreign exchange developments.His reporting spans Nigeria's oil and gas regulatory landscape, including coverage of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigeria International Energy Summit, and the downstream deregulation reforms reshaping Nigeria's petroleum sector. He also reports general market, Nigeria's fiscal reforms, World Bank and IMF engagements with Nigeria, and President Tinubu's economic policy initiatives.Ogooluwa covers Africa-wide developments through MarketForces Africa's Inside Africa desk, reporting on the African Union summits, continental economic policy, and cross-border developments affecting investment and trade across Sub-Saharan Africa.His cryptocurrency and forex market coverage tracks major digital assets, including Bitcoin, Ethereum, and Ripple, alongside. Nigeria's interbank FX market movements. He has covered major stories, including the African Union's 39th Ordinary Session in Addis Ababa, Nigeria's N6 trillion fuel import savings from deregulation, and the World Bank's assessment of Nigeria's economic reform programme. Ogooluwa Aremu is based in Lagos, Nigeria.
XRP Climbs to $1.45 Amidst Crypto Regulatory Progress Ripple (XRP) price surged to $1.45 over 24 hours, while its trading volume declined sharply amid regulatory progress and tech adoption, nudging the token toward cautious optimism. Price hovered around $1.45 on Saturday, with a 38% reduction in XRP trading volume to $1.31 billion, according to data from a crypto exchange. XRP’s path is being shaped by twin engines: regulatory tailwinds from the CLARITY Act and technological expansion into AI-driven commerce. Progress on U.S. crypto regulation, the CLARITY Act, boosts institutional confidence, supporting XRP’s price stability after initial profit-taking activities in the…
Messi Scores 900th Career Goal, Joins Ronaldo in Elite Club Lionel Messi scored his 900th career goal on Wednesday to become the second player to reach the mark in elite men’s football after Cristiano Ronaldo. The 38-year-old Argentine World Cup winner brought up the milestone with a left-footed strike in Inter Miami’s 1-1 draw with Nashville SC in the CONCACAF Champions Cup. The 900th goal came 21 years after Messi scored his first in senior football for Barcelona as a 17-year-old in 2005. Inter manager Javier Mascherano said Messi’s tally was “insane”. “I’ve been lucky enough to see most, or…
NGX Calls for Increased Infrastructure Funding to Boost Economy Nigerian Exchange Group (NGX Group) has called for increased investment in Nigeria’s critical infrastructure to unlock economic growth and strengthen the country’s global competitiveness.A statement by NGX Group in Lagos said its Chairman, Dr Umaru Kwairanga, made the call on Thursday at the Nigeria Infrastructure Investment Forum in London. Kwairanga, who spoke alongside the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole, said Nigeria remained an attractive destination for investors, citing its natural resources and growing workforce. He noted that the country had significant agricultural potential, mineral resources, and a…
In a landmark development, U.S. regulators have issued joint guidance classifying many leading crypto tokens as “digital commodities” rather than securities.
Brent crude rose to $114 per barrel as oil prices increased on Thursday after Iran launched attacks on energy facilities in the Middle East amid ongoing tensions with the US and Israel.
Useless Coin Lost 15% as Traders Dump Speculative Asset With a market cap of about $38 million, Useless Coin (USELESS) is down 14.72% to $0.0381 over the past 24h, underperforming the broader market amid high-beta selling pressure as risk appetite wanes. Amplified sell-off versus Bitcoin, typical of high-volatility meme coins during market-wide pullbacks. Useless Coin fell over 6 times more than Bitcoin’s 2.27% drop, reflecting its status as a high-volatility meme asset. During market-wide risk-off moves, these tokens often experience amplified selling as traders reduce exposure to speculative positions. The move appears driven by macro-sensitive portfolio rebalancing, not a project-specific…
Guinness Nigeria Sees Sharp Intraday Rally After AGM Notice Guinness Nigeria Plc is gaining momentum on the Nigerian stock exchange, with an intraday rally that has pushed its market value up by about 10%. The brewer’s share price inched upward to N423.2 at the press time following the announcement of the annual general meeting schedule for April. The company’s shares are trading at their highest level in 52 weeks. In its regulatory disclosure, the company told the Nigerian Exchange and shareholders that the 75th Annual General Meeting of the Members will be held at the Grand Banquet Hall, Civic Centre,…
Africa Finance Corporation (AFC), has announced that the Bank of Tanzania (BOT) has made an equity investment in the Corporation, becoming a sovereign shareholder and further strengthening AFC’s diversified capital base and pan-African ownership structure.
BUA, GTCO, UBA Drive Momentum in Nigerian Stock Market The Nigerian Exchange (NGX) All-Share Index (ASI) climbed by 54 basis points on Tuesday as BUA Cement, tier-1 banks GTCO, FirstHoldco, and UBA rallied. Key performance indicators surged as the market sustained its bullish momentum, buoyed by bargain hunting in medium and large-cap stocks. Stockbrokers said major drivers of the uptrend include FIRSTHOLDCO, WEMABANK, UBA, BUACEMENT, GTCO, and others. For the second consecutive time, the Industrial goods sector and the Banking sector contributed the most, gaining 4.44% and 4.30%, respectively. The market index increased by 1,084.68 basis points to close at…
Zcash (ZEC) soared 16.40% to $268.39 over the past 24 hours in the cryptocurrency market, driven by a high-volume technical breakout above key resistance.
Subscribe to Updates
Subscribe to updates from MarketForces Africa, an independent financial news service provider.
