- 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.
Securities and Exchange Commission-regulated (SEC) AAG Capital Limited has set N141.62 per share as the target price for Guaranty Trust Holding Company (GTCO), according to details from the investment firm’s equity review.
Nigerian companies and individuals with access to personal leverage will continue to pay high interest rates on borrowing funds as the Central Bank keeps the benchmark interest rate.
The naira slipped against the US dollar as a 6% weekly drop in Bonny Light tightened inflows from hydrocarbon FX receipts, keeping Nigeria’s external reserves balance below $49 billion.
XRP rallied, rising 3.44% to $1.36 as Ripple invests $6 million in Squid as part of a broader plan to embed its XRP ledger into the emerging interoperability layer that is steadily reshaping how blockchains connect and exchange value.
Binance Coin (BNB) price rose by 3.08% to $658.50 as Grayscale’s regulatory Clarity endorsement and the latest Uniswap proposal boosted investor sentiment.
Bitcoin (BTC) rallied by 3.01% to $76,800.38, closely tracking a 3.03% gain in the total crypto market cap, driven primarily by a broad market recovery after a week of heavy selling pressure.
Moody’s Ratings (Moody’s) has changed the outlook on the Government of South Africa to positive from stable and has affirmed the Government of South Africa’s domestic and foreign-currency long-term issuer and senior unsecured ratings at Ba2.
Canada Announces $30m New Support for Initiatives in W/Africa Canada has announced more than $30 million in new support for initiatives in Nigeria and across West Africa. The Secretary of State for International Development, Canada, Mr Randeep Sarai, announced this at a reception organised in his honour by the Canadian Deputy High Commission on Friday night in Lagos. Sarai said the initiatives would strengthen health systems, expand opportunities for women entrepreneurs and small businesses, advance climate resilience, and deepen cooperation in governance. He added that the initiatives would strengthen digital resilience and access to justice. “Together they will help to…
NEAR Protocol (NEARUSD) gained 8.25% to $2.12 over the last 24 trading hours, significantly outperforming a declining broader market, primarily driven by excitement over a major network upgrade.
BTCUSD- Bitcoin Dips Below $76k on Institutional Selloffs Bitcoin (BTC) price declined 2.22% to $75,893, underperforming a broadly weak crypto market, primarily driven by sustained institutional selling via spot Exchange-Traded Funds (ETFs). Persistent outflows from U.S. spot Bitcoin ETFs, led by BlackRock’s IBIT, which saw over $1.15 billion leave in four days, directly increased sell-side pressure. U.S. spot Bitcoin ETFs are now seeing five consecutive days of net outflows, totalling nearly $1.63 billion. BlackRock’s IBIT alone accounted for over $1.15 billion of that selling. This represents direct institutional distribution into the market. Bitcoin’s price broke below a key ascending trendline…