- Nigerian OMO Bills Attract N5.7trn from Retail, Corporate Investors
- NGX Drops by N541bn as Investors Dump MTN, Zenith Bank
- Brent Slumps 17% in Sharp Weekly Pullback in Oil Market
- Pi Network Price Dips as Insider Offloads, Nears All-Time Low
- Magnificent 7 Loses $1trn in One Day – End of Tech Super Pack?
- Rand Weakens Against Dollar over US-South African Troubled Relations
- Global Markets Tumble on Tech Stocks Rout, Nasdaq, S&P 500 Fall
- XRP Loses 10% on Speculative Washout, Likely to Test $1.10
Author: Olu Anisere
Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.
The South African Rand traded steady against Western currencies, the US dollar, the euro, and the British pound on Monday as gold rebounded amid uncertainty in the global commodity market.
US indexes dipped as AI and semiconductor stocks sold off after major technology companies reported disappointing earnings, amid broader concerns about AI spending and profitability.
Dangote Cement Plc delivered one of the strongest weekly rallies on the Nigerian Exchange this year.
FirstHoldco Plc lost more than 17.31% of its market value on the Nigerian Exchange …
Naira exchange rates strengthened 116 pips, or 1.16% week-on-week, against the US dollar
Ripple CEO Brad Garlinghouse has reiterated that XRP remains central to the company’s strategy, countering claims that institutional interest has pivoted to Ripple’s stablecoin
Ripple (XRP) is down 0.71% to $1.25 in 24 hours, underperforming a slightly weaker broader market, driven by selling pressure following a major exchange hack.
Hyperliquid (HYPE) dropped by about $6 in 24 hours to $87.69, underperforming a slightly weaker broader market, driven by leveraged long positions unwinding after the coin failed to break its all-time high.
Fintech with a rock-solid footprint in Nigeria, OPay Limited, has provided an update regarding its anticipated initial public offering (IPO) on the New York Stock Exchange (NYSE), announcing that it has mutually agreed with underwriters to terminate the underwriting agreement and halt the offering at this time.
US and European equities diverged as AI spending and earnings continue to shape investor sentiment in risk assets.