- 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.
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has set new standards in digital banking
Commodity prices are set to rise 23% in 2026 as global shocks mount, according to the World Bank Group’s latest Commodity Markets Outlook, released today.
Global equities markets were broadly positive as optimism about technology and AI supported risk appetite, along with several anticipated mega-cap earnings reports.
The Nigerian Exchange (NGX) All-Share Index (ASI) rose on Tuesday, with investors gaining more than N1.75 trillion on sustained risk-asset bets amidst the Q3 earnings release.
European Gas Prices Elevated on Supply Concerns European natural gas prices rose as escalating military conflict in the Middle East heightened concerns over global liquefied natural gas (LNG) supplies, while gas storage levels remained below historical averages ahead of winter. The November futures contract at the Dutch TTF hub, the benchmark for European natural gas prices, settled at €93.85 per megawatt-hour on Friday. Prices rose 1.9% from Friday’s close to €95.65 per megawatt-hour, reaching their highest level since December 2022. Escalating military conflict in the Middle East has heightened concerns about global gas supplies ahead of winter. LNG shipments from…
United Bank for Africa (UBA) Plc has asked a Lagos court to jail nine people linked to Western Metal Products Co. (WEMPCO).
Transnational Incorporation Plc (Transcorp Group) delivered N111.4 billion pretax profit in the first nine months of financial year 2026, according to its unaudited financial statement released on the Nigerian Exchange.
The global equities indicators diverged, with European markets delivering gains that…
Ecobank Gains as Investors Ramp Up Shares Ahead of Q3 Earnings Ecobank Transnational Incorporated (ETI) shares surged by about 7% on the Nigerian Exchange (NGX) as investors ramped up buying ahead of its third-quarter 2026 earnings release. ETI bucked the bearish trend on the local bourse as equities analysts anticipate strong earnings for the group in the third quarter of 2026. The Pan-African financial services company’s share price inched higher to N71.4 at the close of trading on Friday, up 6.6% as buy-side investors bolstered holdings in pre-earnings momentum. The group’s fresh re-rating drove the market value of its 18.155…
The South African rand traded slightly firmer against major currencies in the forex market