Author: Olu Anisere

Ethereum Price Climbs as Next Rally Begins to Form Crypto investors staked new bets on Ethereum, pushing its market price higher by more than 2% in post selloffs trading activities across exchanges on Sunday. With top digital assets showing positive signs, sell pressure has been to cool off, with the global market value of all cryptocurrencies increasing by about 1% to $3.26 trillion. Over 24 hours of trading, Ethereum (ETH) has climbed by 2.35% to $3,216.02, diverging from its price depreciation of -5.93% and 30 days (-13.3%) downtrend. The price uptick was driven by strategic whale accumulation amid market volatility,…

S&P Placed Senegal on CreditWatch Developing, Sliced Rating to CCC+ With over 40% in debt to gross domestic product (GDP), S&P Global has lowered its long-term foreign currency sovereign credit ratings on Senegal to ‘CCC+’ from ‘B-‘ and affirmed its ‘B-‘ local currency sovereign credit rating. The global rating agency said it lowered short-term foreign currency rating on Senegal to ‘C’ and affirmed short-term local currency rating at ‘B’. “We placed the ratings on CreditWatch developing”, S&P said, signalling that IT could lower ratings on Senegal if the government is unable to refinance its upcoming commercial maturities on time and…

PDP Expels Wike, Fayose, Anyanwu, Others for Anti-Party Activities PDP has expelled the Minister of the Federal Capital Territory (FCT), Nyesom Wike, alongside Ayodele Fayose, Samuel Anyanwu and eight others for anti-party activities. The PDP announced their expulsion during its 2025 National Convention in Ibadan on Saturday. Others expelled are Kamaldeen Ajibade (SAN), Austin Iwachukwu, Umar Bature, Muhammad AbduRahman, Mao Ohuabunwa, Abraham Ama, George Turnan, and Dan Obi. Chief Bode George moved the motion for their expulsion, which was unanimously supported by party members present at the convention. George said that PDP members were bound by and must adhere to…

Ghana Upgraded on Improving Fiscal, BoP Performance – S&P S&P Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Ghana to ‘B-/B’ from ‘CCC+/C’. According to the rating note, the outlook is stable. Ratings analysts also revised up S&P transfer and convertibility assessment on Ghana to ‘B-‘ from ‘CCC+’. S&P said the stable outlook balances the potential for stronger balance-of-payments (BoP) performance and improvements in Ghana’s fiscal outcomes as a result of ongoing expenditure reforms against still-high debt-service costs, reform implementation risks, and Ghana’s sensitivity to terms of trade, such as gold and cocoa…

BTCUSD Sinks Below $96K as Investors Unwind Positions Bitcoin price (BTCUSD) declined below $96 as sell-offs heated up, dragging the global market cap down to $3.25 trillion, down by about 1% on the day.  The sell-offs have been fast and furious. BTC had reached $126K last month before sentiment turned negative. Trading data obtained showed that Bitcoin fell 1.6% over the past 24 hours, underperforming the broader crypto market as investors closed positions The drop reflects leveraged position unwinding, cautious derivatives positioning, and breakdown below key technical levels – though strong institutional bids near $90K-$95K suggest contained downside The world’s…

TotalEnergies Commits $100m to Climate Investment TotalEnergies says the company has committed $100 million to climate investment, the amount was announced during the United Nations Climate Change Conference (COP 30) taking place in Belém, Brazil. As a member of the Oil and Gas Climate Initiative (OGCI) and of the Oil and Gas Decarbonization Charter (OGDC), TotalEnergies announces its commitment to Climate Investment’s Venture Strategy fund, which backs technologies that cut emissions across the oil and gas value chain. It said Climate Investment is now a Partner of the Oil & Gas Decarbonization Charter (OGDC) under a MoU signed on July…

Strong FX Inflow, Tighter Controls Driving Naira Stability – CBN The Central Bank of Nigeria (CBN) says recent foreign exchange (FX) stability is driven by increasing FX inflows, tighter market controls and the return to orthodox monetary policy. Dr Victor Eboh, Director of Monetary Policy at the CBN, said this during a Business, Economy and Financial Training for Journalists organised by Premium Times Academy in collaboration with the apex bank in Abuja. According to him, the move by the CBN is aimed at restoring confidence and transparency in the sector. Eboh said that the Naira had for years been “overvalued”…

UK Growth Slowdown Sparks Recession Fears Ahead of Budget UK recession concerns are rising sharply after the latest figures revealed a far weaker run of growth and a notable rise in unemployment ahead of the November 26 Budget, warns the CEO of a global financial advisory giant. The warning from Nigel Green of deVere Group comes as new figures reveal that the UK economy expanded by only 0.1% in the third quarter while unemployment has climbed to 5%, its highest level in four years. The combination of fading momentum and job-market stress is sharpening fears that the country is moving…

XRP Slumps by 8% as ETF Launch Fails to Fuel Rally With downbeat sentiment in the cryptocurrency market, the price of Ripple (XRP) tumbled by about 8% in the last 24 hours due to investors trimming their holdings. XRP’s drop stems from macro liquidations overwhelming its exchange-traded fund (ETF) catalyst, which had earlier fuelled price appreciation, compounded by technical triggers. XRP fell 8% in the past 24h, underperforming the broader crypto market, down by 6% due to a mix of technical breakdowns, market-wide liquidations, and profit-taking after its ETF launch. Its price movement in the past 24 hours revealed that…

Attractive Yields Boost Bonds Buying in Nigerian Market The Federal Government of Nigeria (FGN) bonds closed on a positive note in the secondary market as investors continue to ramp up naira assets ahead of key economic data. Demand for local bonds persisted with demand across the belly and long duration which caused average yield to decline by 5 basis  points (bps) to 15.57%. Yields on bonds are declining but still attractive as market anticipate sharp slowdown in risk premium on local papers. In anticipation of rates repricing at the Debt Management Office monthly bonds auction, investor demand for domestic sovereign…