Author: Ogooluwa Aremu

DEAP Capital Names High Profile Executives to Board of Directors Financial services firm DEAP Capital Limited has named some high-profile executives to its Board of Directors (BoD), according to an official announcement obtained by MarketForces Africa. The company announced the appointment of Mr. Lamon Rutten, the founding Chief Executive Officer of the Saudi Mining Exchange and the Mumbai Commodity Exchange (MCX), to its Board of Directors, effective February 17, 2026. Mr Lamond Rutten is an internationally respected commodities and capital markets executive with over three decades of experience in the development of commodities exchanges, structured commodity finance, and market infrastructure.…

Bitcoin Cash (BCH) gained about 1% to $573.01 over the past 24h, reaching a new all-time high average transaction value of over $2 million on its network.

Ondo ($ONDO) dropped 2.72% over the last 24 hours to $0.264, according to its crypto trading market data on Sunday, underperforming a nearly flat broader market, primarily due to low liquidity and weak momentum in a risk-off environment.

With a market capitalization of $26.83 billion, TRON (TRXUSD) is on the move in the early trading session in the crypto market on Friday, up 1.25% over the past 24 hours to $0.283.

Exchange Rate Falls over High Demand for Dollar The naira exchange rate depreciated at the Central Bank foreign exchange market due to surging demand for dollar payments at the official window. The high forex payments above dollar volume at the official window caused the exchange rate to drop for the second consecutive day after posting a fast and furious rally. According to the daily FX update released by the Central Bank of Nigeria, the exchange rate depreciated by 24bps or ₦3.24 against the U.S. dollar on Thursday. The depreciation was driven by high USD demand pressure despite inflows from Foreign…

South Korean Court Hands Life Sentence to Ex-President Yoon A South Korean court on Thursday sentenced former president Yoon Suk Yeol to life in prison for declaring martial law in December 2024. The court convicted the 65-year-old of leading an insurrection and undermining the constitution. The ruling by the Seoul Central District Court marked a major milestone in one of the most significant political trials in the country’s recent history. Yoon’s actions plunged the nation into a severe constitutional crisis. He can appeal the verdict. Prosecutors had sought the death penalty, the maximum sentence available under South Korean law for…

Oil prices eased in the global commodity market on Thursday as the U.S. and Iran completed second round of nuclear talks, with reports signaling significant progress has been made.

Tinubu Signs Electoral Act Amendment Bill 2026 into Law President Bola Tinubu on Wednesday signed into law the Electoral Act Amendment Bill 2026. The brief signing ceremony took place at the President’s office at the State House, Abuja with Principal officers of the National Assembly in attendance. The National Assembly had on Tuesday passed the Electoral Act 2026 (Amendment) Bill. The amendment comes amid intense public debate over the electronic transmission of election results in real time. The harmonised report of the bill, including the contentious Section 60(3), was passed by both chambers on Tuesday. President of the Senate, Sen.…

Takaichi Re-Elected as Japan’s 105th Prime Minister Sanae Takaichi, President of Japan’s ruling Liberal Democratic Party (LDP), was reelected as the country’s 105th prime minister on Wednesday following a parliamentary vote. At an extraordinary session of the National Diet convened earlier in the day, both the House of Representatives and the House of Councillors held votes to appoint the prime minister. In the powerful lower house, Takaichi secured 354 votes in the first round, defeating Junya Ogawa, head of the main opposition Centrist Reform Alliance (CRA), who garnered 50 votes, along with other candidates. In the upper house, no candidate…

Sri Lanka to Secure $50m in World Bank Financing for Digital Transformation Sri Lanka is to obtain Special Drawing Rights (SDR) financing equivalent to 50 million dollars from the World Bank Group to implement its Digital Transformation Project. The government’s Information Department announced on Wednesday. The initiative, part of the country’s Digital Economy Strategy 2025 to 2030, is aimed at improving the efficiency, accessibility, and transparency of public services through expanded use of digital platforms. Cabinet approval to seek financial assistance from international development partners for the project was granted in October 2025. Loan negotiations between relevant government agencies and…