- Equities Investors Lose N306bn as Nigerian Exchange Index Slips
- U.S Places 10 Countries on Currency Manipulation Watch List
- XRP Dips, Ripple Launches Ripple Mint for RLUSD Stablecoin
- Global Markets Dab on US Rate Hike Projection, AI Spending Concern
- South African Rand Weakens as Reserve Bank Holds Rates
- Microsoft Projected to Maintain Earnings Momentum
- Investors Optimistic Ahead of Apple Inc. Q3 Earnings
- PayPal Sets for Q2 Earnings Release
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.
XRP Sinks on Sustained Selloffs, ETF Outflows Ripple (XRP) declined sharply, moving below support as a raft of sellers took profits. This negative performance aligned with overall movement across top crypto names on Wednesday. Bitcoin, Ethereum, and Binance Coin are down, and the market has seen sell pressures in Solana, Dogecoin, Tron, Cardano, except Hyperliquid, which posted a price appreciation of 2% Trading in XRP increased by 24%, with transactions valued at $1.8 billion. XRP is navigating a mix of institutional negative sentiment and technical caution, with the price trading at $1.33 amid a bearish death cross. XRP price is…
Oil prices fell as uncertainties surrounding negotiations between Iran and the US, and rising tensions, weakened expectations for the reopening of the Strait of Hormuz.
South African rand (ZAR) is trading steady against Western currencies, including the US dollar, the European single currency (Euro), and British sterling (GBP), amid easing global oil prices in the commodity market.
GCR Ratings (GCR) has affirmed the national scale long-term and short-term issuer ratings of AAA(NG) and A1+(NG), respectively, accorded to MTN Nigeria Communications Plc.
The South African Rand weakened against the US dollar, Euro and sterling during early trading hours on Tuesday as the United States-Iran peace deal hung in the balance following fresh attacks.
The Nigerian stock market edged higher on a rally in telco and banking indices. Buying interest in the telecommunications giant AIRTELAFRI, which reached a new year-high of NGN3,655.70, pushed the local bourse to a bullish close in the first trading session of the week.
AXA Mansard Plc lost 6.5% of its market value as investors sold insurance stocks on the Nigerian Exchange (NGX) due to weak sentiment.
South African Rand Rises Ahead of SARB Rate Decision The South African rand (ZARUSD) is appreciating against its major crosses, including the US dollar, the Euro, and the sterling, in early trading hours on Monday, First National Bank (FNB) said in a brief. The Bank said the rand is changing hands at R16.33 to the dollar, R19.00 to the euro, and R22.00 to the pound, amid an imminent interest rate hike to anchor headline inflation. The local unit is gaining strength amid declining oil prices in the global commodity market and a softer United States (US) dollar, which appears to…
Excess liquidity in the banking system, which peaked above N6 trillion, shrank due to outflows relating to the settlement of OMO and Nigerian Treasury bills sold at the primary market auctions.
Champion Breweries Plc lost more than 5% of its market value on the Nigerian Exchange (NGX) last week as investors booked profit amidst a small dividend payment to shareholders.