- XRP Tanks, Price Drops by 6% to $1.22 as Buyers Turn to Sellers
- FCTA Eyes $1.5bn Green Inv. to Overhaul Transport, Energy Sectors
- Developing Countries’ External Debt Hits Record $9.4trn in 2025 – World Bank
- Nigeria Federal Court Voids Atiku Abubakar Presidential Candidacy
- Dangote Cement Loses N2.514 Trillion, Returns to 7-Day Low
- Naira Depreciates as Interbank FX Turnover Moderates by 19%
- Equities Investors Lose N3.28trn as Dangote Cement Tanks
- Apapa Customs Generates N302bn in One Month – Mu’azu
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.
SEC, NOA Collaborate to Combat Illegal Schemes The Securities and Exchange Commission (SEC) and the National Orientation Agency (NOA) have signed a Memorandum of Understanding (MoU) to embark on massive enlightenment against Ponzi schemes. Signing the MoU in Abuja Wednesday, the Director-General of SEC, Dr Emomotimi Agama, warned that fraudulent operations are not legitimate investments. Agama, represented by the Commission’s Executive Commissioner Operations, Mr Bola Ajomale, advised the public to verify company’s registration with SEC before investment. He said the enlightenment would guarantee citizens including those at the rural areas to know where to invest and when to detect a…
2027: APC Forum Endorses Tinubu, Mutfwang for Second Term The All Progressives Congress (APC) Plateau State Forum has endorsed President Bola Tinubu and Gov. Caleb Mutfwang for second term in office, saying they deserve to be re-elected. Chairman of the forum, Hon. Yakubu Sakondong, said this at a news conference conveyed on Tuesday in Abuja to address developments within APC. He expressed the forum’s confidence in the duo’s ability and commitment to continuing doing things right in the party and in Nigeria generally. Sakondong appreciated Tinubu for his visionary leadership and unwavering commitment to strengthening APC and improving the lots…
Cardano (ADA) gained about 5% to $0.272, outperforming Bitcoin’s +2.43% gain, as Monument Bank plans to tokenise GBP250 million on Cardano.
Airtel Africa Rally Paused, Drops New Hints on Share Buyback Airtel Africa Plc’s momentum has paused following an unusual one-day rally that lifted the telecommunication company’s market value to its 52-week high. Due to thin trading activities, the telco stock had been flat at N2270 on the Nigerian Exchange until yesterday, when the company’s price surged by 10%, a rare move that boosted the local bourse’s performance. However, the telecom company’s momentum disappeared after hitting a new 12-month high of N2497 per share. Some equity analysts think Airtel Africa’s trading activities have not been impressive since its massive share buyback…
XRP Price Surges Amidst Rising Cross-Border Payments Ripple (XRP) is gaining momentum in the crypto market again as cross-border payments increased, pushing the token price to $1.44 on Wednesday. The altcoin started making an uptrend after initial selloffs. With a market cap of about $88 billion, XRP trading volume printed at $2.2 billion amid declining overall trading volume. XRP Ledger payments have recently surged, roughly doubling and pushing daily transactions into the multi-million range, even as XRP’s price response remains muted. On-chain studies show that payments now account for over half of XRPL transactions, with daily payments rising from about…
With Brent trading at $96 per barrel, oil prices declined on Wednesday, driven by easing supply concerns following US President Donald Trump’s remarks on negotiations with Iran.
U.S. Proposes 15-Point Plan to End Iran War – Reports The United States has presented a 15-point plan to end the war with Iran, media reports said on Tuesday, with Pakistan acting as an intermediary to deliver the proposal to Tehran. According to Israeli broadcaster N12, the draft includes commitments from Iran not to pursue nuclear weapons and to hand over its stockpile of enriched uranium to the International Atomic Energy Agency (IAEA). U.S. news outlet Axios, citing a source with knowledge of the matter, reported that U.S. special envoy Steve Witkoff told President Donald Trump that Iran had agreed…
The Labour Party has announced the postponement of its scheduled congresses and national convention, earlier billed to commence on Thursday, March 26, 2026.
FG, Fidelity Bank Promote Fair Practices to Boost State Economies The Federal Government on Tuesday reiterated its commitment to strengthening international collaboration, improving investment facilitation and promoting governance transparency to enhance Nigeria’s global standing. The Minister of State for Foreign Affairs, Mrs Bianca Udumegwu-Ojukwu, disclosed this in a goodwill message at a webinar hosted by Fidelity Bank Plc. The theme of the webinar is “Digital Fiscal Transparency: Unlocking Sub-national Opportunities for International Partners”. Udumegwu-Ojukwu, represented by Mr Abdulqadir Olanrewaju, Department of Economic, Trade and Investment of the ministry, said the initiatives align with President Bola Tinubu’s Renewed Hope Agenda, aimed…
2027: INEC Unveils Draft Guidelines for Political Parties Independent National Electoral Commission (INEC) on Tuesday unveiled the draft 2026 Regulations and Guidelines for Political Parties, ahead of the 2027 general elections. The INEC Chairman, Prof. Joash Amupitan, did the unveiling at the consultative meeting with leaders of political parties on the review of INEC Regulations and Guidelines for Political Parties in Abuja. Amupitan said that the review became necessary following the enactment of the Electoral Act 2026. According to him, Nigeria cannot navigate a 2027 horizon using a 2022 map. Amupitan called on political parties to take special note of…
Subscribe to Updates
Subscribe to updates from MarketForces Africa, an independent financial news service provider.
