Author: Olu Anisere

XRP Falls on Broader Altcoins Slide, Capital Rotation Ripple (XRPUSD) fell by 2.50% over the last 24-hour trading session to $2.03, underperforming the broader crypto market as altcoin slides pushed Bitcoin market dominance.  Today, XRP spot ETFs saw $38 million in inflows as investors rotated from BTC/ETH. However, price remained depressed as risk-off sentiment limits upside potential. XRP is gaining institutional traction through ETFs and banking partnerships, but 17% negative price action over 60 days reflects lingering scepticism, crypto analysts said. According to data from the crypto exchange, XRP dropped while trading volume surged by 175% to $3.08 billion on…

Risk-off Sentiment: Nigerian Eurobond Yield Climbs to 7.30% the benchmark yield climbed as the Nigerian sovereign Eurobond traded bearish at the international market last week due to risk-off sentiment ahead of inflation data release this week. Market participants exited their positions as Broadstreet analysts project a significant spike in headline inflation, which will likely keep interest rate at double-digit highs. The local fixed income market has seen rates repricing, which could be extended to the external borrowing schedule for 2026 on account of a steep surge in the consumer price index and the absence of monetary easing. Last week, the…

Nigerian Bonds Yield Rises on Negative Risks Appetite The average yield on Nigerian government bonds surged in the secondary market as investors cashed out on their positions ahead of the Debt Office monthly supply. The market anticipates a significant boost in bond supply in the first quarter as Nigeria’s budget deficit widened. Analysts said the government favours both local and external borrowing to bridge the spending gap in 2026. Based on the pattern observed last year, the authority is expected to front-load the local bourse amidst expectations that Nigeria’s headline inflation rate will surge significantly due to the base effect,…

Brent Crosses $63 as U.S Halts Venezuela Oil Supply to Cuba Brent crossed $63 per barrel on Monday after the United States said Cuba will stop receiving crude oil from Venezuela and uncertainties over the Federal Reserve policy outlook. U.S. President Donald Trump on Sunday said no more Venezuelan oil or money will go to Cuba and suggested the Communist-run island should strike a deal with Washington. Venezuela is Cuba’s biggest oil supplier, but no cargoes have departed from Venezuelan ports to the Caribbean country since the capture of Venezuelan President Nicolas Maduro by U.S. forces in early January amid…

Treasury Bills Yield Rises as Investors React to Rates Hike The average benchmark yield on Nigerian Treasury bills rose by 50 basis points to 18.17% in the secondary market as fixed-income market investors took profit on naira assets following an increase in spot rates at the midweek auction. Sell pressure surfaced after the Apex Bank increased spot rates on Treasury bills across the standard tenors on Wednesday. Initially, ample system liquidity supported early demand, before profit-taking and rising supply concerns gradually dampened early buying interest. At the beginning of the week, AIICO Capital Limited reported that trading was modestly bullish,…

Airtel Africa: 72% Upside Potential Spotted on New Target Price With 72% upside potential spotted, a Lagos-based investment firm, CardinalStone Securities Limited, has slightly reduced its target price for Airtel Africa Plc following a revision to its estimate. The investment firm hinted that the telecom company is relatively cheaper versus peers in the Middle East and Africa at the current stock market price. Airtel Africa Plc share price settled at N2,270 in the equities market, the position the telecom company had maintained over a long period in 2025. In spite of its solid earnings growth, Airtel Africa’s share price was…

DOT Gains, Outperforms Broader Crypto Market Performance The crypto market price of Polkadot (DOT) rose by 0.93% over the last 24h, slightly outperforming the broader crypto market (-0.43%), continuing its positive 30-day trend. Trading data indicates that DOT defended the $2.09 pivot point and 23.6% Fibonacci retracement level of $2.12 on the day, with bullish crossover in moving average convergence divergence. Polkadot will activate a major upgrade on 20 January 2026, deploying optimizations already tested on Kusama. The update reduces execution latency by 40% and allows seamless reuse of Ethereum developer tools, enhancing cross-chain interoperability. Its technical trading data resilience…

Oil Prices Surge WoW Despite Oversupply Concerns Oil prices surged week-on-week (WoW) despite oversupply concerns. Latest data showed U.S. crude inventories dipped amidst geopolitical concerns and growing expectations that Venezuelan supply could return to global markets. Brent crude traded at $62 per barrel, up by 2.1% from last Friday’s close of $60.73. US benchmark West Texas Intermediate (WTI) rose 1.4% to $58 per barrel, compared with $57.21 a week earlier. At the start of the week, markets weighed the potential impact of US actions in Venezuela, with prices fluctuating as geopolitical risks competed with expectations of ample supply. Concerns that…

Major Errors: Presidential Fiscal Policy and Tax Reforms Committee Response to KPMG We welcome all perspectives that contribute to a shared understanding and successful implementation of the new tax laws. We acknowledge that a few points raised by KPMG are useful, particularly where they relate to implementation risks and clerical or cross-referencing issues. However, the majority of the publication reflected a misunderstanding of the policy intent, a mischaracterisation of deliberate policy choices, and, in several instances, repetitions and presentation of opinion and preferences as facts. 𝐆𝐞𝐧𝐞𝐫𝐚𝐥 𝐨𝐛𝐬𝐞𝐫𝐯𝐚𝐭𝐢𝐨𝐧𝐬 A significant proportion of the issues described as “errors,” “gaps,” or “omissions” by…

Solana Rises as Morgan Stanley Moves to Enable SOL Trading Solana (SOLUSD) edged higher 2.53% over the last 24h, outpacing the broader crypto market, which is trading negative late on Thursday.  Price data from crypto exchanges show that SOL is hovering around $140 as its trading volume surged by about 22% to $4.74 billion in 24 hours. The price surge reflects institutional validation from Morgan Stanley, which is the first major U.S. bank seeking SEC approval for Solana-ETF, technical strength, and retail frenzy around meme coins. Morgan Stanley has announced plans to launch a digital wallet. It also filed for…