Author: Marketforces Africa

Ethereum Rises Above $3.1K in Soft Crypto Rally Ethereum (ETHUSD) maintains steeze amidst broader bargain hunting across cryptocurrency exchanges on Sunday, with the latest data showing the price hovering above $3,111. Market capitalisation of all cryptocurrencies surged by 50 basis points to $3.11 trillion, supported by positive price movements in Bitcoin and Ethereum in particular. ETH outpaced the overall crypto market’s gain with a modest uptick that aligns with its 7-day trend but contrasts with monthly losses. In the last 24 hours, Ethereum’s price has gained about 1% to $3111 as trading volume dropped by 61.06% on the day to…

Inflation Rate for December to Rise Sharply to 33.6% – Afrinvest Nigeria’s headline inflation rate has been projected to rise sharply to 33.6% in December 2025 as base effects are set to disrupt an eight-month disinflation trend. Ahead of the National Bureau of Statistics (NBS) report, Afrinvest Limited dropped a hint that the consumer price index (CPI) would worsen by 19.15%, from a 14.45% inflation reading in November 2025 to 33.6%. In its update, Afrinvest stated that leading into December, Nigeria had recorded eight consecutive months of disinflation between April and November 2025. Over this period, the headline inflation rate…

Investors Gain N3.84trn as Nigerian Bourse Nears N104trn Equity investors gained N3.84 trillion in the Nigerian stock market over a five-trading-session period that lasted until Friday. The local bourse expanded to near N104 trillion in the second trading week in 2026. Stockbrokers said investor sentiment improved markedly, reflecting a move to take positions in fundamentally sound tickers ahead of the fourth quarter of 2025 earnings release. The Nigerian Exchange (NGX) All-Share Index closed the week at 162,298.08 points, representing a strong week-on-week appreciation of 3.71%, underscoring renewed confidence among market participants. NGX market capitalisation rose by ₦3.84 trillion to ₦103.78…

Stock Market Surges by N954bn as Bulls Extend Rally The stock market sustained its upward momentum on Thursday, gaining N953 billion in market capitalisation as investor confidence remained strong. Market sentiment was boosted by price appreciation in Industrial and Medical Gases, McNicholas, SCOA Nigeria, May and Baker, FTN Cocoa Processors and 43 other equities. Market capitalisation rose by 0.93 per cent, opening at N102.822 trillion and closing higher at N103.775 trillion, gaining about N954 billion to investors’ portfolios. Similarly, the All-Share Index increased by 0.93 per cent, advancing 1,491.52 points to close at 162,298.08 from 160,806.56 on Wednesday. Market breadth…

Trump’s Greenland Plans Put Investors on Alert Speculation that the US could seek to reshape Greenland’s future has moved rapidly from political theatre to market reality, forcing investors to now reassess the strategic map of critical minerals, Arctic security and long-term supply chains. This is an analysis of the CEO of global financial advisory giant deVere Group, as what once sounded implausible is now likely beginning to be priced into assets linked to rare earths, advanced materials and polar infrastructure. Nigel Green, CEO of deVere Group, says the implications for global investors are profound. “Greenland sits at the centre of…

Oil Prices Drop as U.S. Plans to Invest $100bn in Venezuela Oil prices dropped in the global commodity market on Friday due to an imbalance between supply and demand amidst U.S plan to invest $100 billion in Venezuela. Brent crude slipped to $62.42 per barrel, down by 0.4% from the previous close of $62.67. Prices had picked up late on Thursday after stabilising around $60 per barrel during early trading hours. Also, the US benchmark West Texas Intermediate (WTI) fell by 0.3% to $58.27 per barrel during early hours on Friday, compared with $58.47 in the prior session. Market sentiment…

NCC, CBN to Roll Out Refund Framework for Failed Airtime, Data Transactions In line with the consumer-focused objectives of the Nigerian Communications Commission (NCC) and the Central Bank of Nigeria (CBN), the two regulators have drawn up a framework to address consumer complaints arising from unsuccessful airtime and data transactions during network downtimes, system glitches, or human input errors. The framework is the outcome of several months of engagements involving the NCC, the CBN, Mobile Network Operators (MNOs), Value Added Service (VAS) providers, Deposit Money Banks (DMBs), and other relevant stakeholders. These engagements were prompted by a rising incidence of…

Money Market Rates Mixed as System Liquidity Plunges by 60% The money market rates closed on a mixed note as financial system liquidity plunged by 60% amidst declining bank placements with the Central Bank of Nigeria (CBN). The sharp liquidity decline followed the settlement for N2.7 trillion OMO bills allotted to foreign portfolio investors and local deposit money banks. The open market operation of the CBN triggered huge outflow from the money market as the authority sought to achieve manageable funding profile. The money market liquidity tightened, opening the day with a balance of ₦1.66 trillion, down by 60% from…

Wealth Exodus from UK Could ‘Potentially Double’ in 2026—CEO Wealth migration out of the UK is set to intensify sharply in 2026, with the number of high-net-worth individuals leaving the country “potentially doubling” as internationally mobile families, entrepreneurs and executives reposition for greater certainty, competitiveness and long-term opportunity. This is the warning from Nigel Green, CEO of global financial advisory giant deVere Group as advisers across major financial centres report a sustained rise in enquiries from UK-based clients exploring relocation options, alternative residency programmes and cross-border structuring. He says: “Strategic relocation planning now sits at the centre of decision-making for…

Ethereum Drops By 3% in Fresh Crypto Selloffs Ethereum (ETHUSD) fell by 3.20% to $3,161.76 in the past 24 hours, underperforming the broader crypto market’s 2.56% decline, despite a 6.06% gain over the previous week. The second-largest crypto asset dipped as investors liquidated long positions, reflecting sustain sentiment volatility after an initial climb. Trading data from CoinMarketCap.com showed that Ethereum trading volume declined by 4% to $26 billion in the last 24 hours as institutional investors took profit on Wednesday. The 24h drop stemmed from a leverage flush, technical exhaustion after gains, and Bitcoin-centric capital rotation – though ETH’s structural…