Author: Marketforces Africa

Stock Recommendation: Zenith Bank, MTN Among Top 10 Pick for Dec. Zenith Bank, MTN Nigeria and eight other companies with upside potential are among the top 10 stocks recommended by CSL Stockbrokers Limited to buy in December. In December, the Nigerian equities market is expected to exhibit moderate upward momentum, driven by renewed investor confidence and typical year-end portfolio rebalancing, the investment firm said in its stock guide. In its investors guide, CSL Stockbrokers noted that the country’s improving macroeconomic outlook is also likely to reinforce confidence among institutional investors thereby supporting a further strengthening of market sentiment towards year-end.…

Ethereum Falls by 4.65% in 24h on Price Stability Concerns Ethereum (ETHUSD) has lost about 5% in the last 24 hours in massive cryptocurrency sell-offs.  Trading data from CoinMarketCap.com showed that Ethereum fell 4.65% in the past 24h, underperforming Bitcoin (-2.4%) and the broader crypto market (-3.1%). Investors are rotating out of ETH due to concerns about its near-term price stability, competition from Solana recording $15.7 million inflows, and rising Bitcoin dominance.  The crypto market is broadly negative during early trading hours on Saturday, down by 3% to settle at $3.05 trillion. Price depreciation is fuelled by fear indicators and…

Aradel Holdings: A Good Time to Anticipate Price Swing Aradel Holdings Plc share price opened at N598 per share in 2025, and now the oil-linked stock is trading at N680, according to its trading data obtained from the Nigerian Exchange. In the local bourse, Aradel Holdings has seen its fair share of price fluctuation, swinging between highs and the trough but maintaining a posture expected from a company that is investing in growth. With its strong expansion drive, Aradel Holdings has strengthened its fundamentals, and for analysts, the future price is anticipated to reflect sustained capability enhancement. At the close…

African Eurobonds Issuers’ Yields Attract Offshore Investors The average yield on African Eurobonds declined as offshore investors continued to increase their bets in oil-linked issuers in the international market. Nigeria, Egypt and Angola have continued to offer elevated yields on their US dollar-priced international bonds, a development that keeps foreign investors closer. The prospect of economic growth and improved fiscal performance was priced into investors’ actions on the top African sovereign eurobonds trading, still offering more than the US rate. in a report, the World Bank said developing countries’ debt outflows hit the highest level in 50 years as principal…

Fixed Income Investors Take Profit on TBills after Rate Hike Fixed income investors took profit on Nigerian Treasury bills (NTB) in the secondary barely 24 hours after the Central Bank increased rate on the naira asset. The Treasury bills market closed in the red with average yields inching up by +13 basis points (bps) to 16.95% from 16.82% the previous day – return still tracking ahead of headline inflation. The sell actions, triggered by expectations’ happened following the introduction of Dec-26 paper, with a yield of 20.47%, impacting the market’s average yield. Selloffs were recorded in a few papers, including…

How to Build Crypto Investment Portfolio with $100- $200 Initial capital for any asset class need not be bulky; otherwise, you will not start if you have a near-empty pocket. Unfortunately, no one gets rich without taking additional risk – in this case, trading crypto comes in handy. Price fluctuation is a business, and cryptocurrency is one of the most volatile alternative investments you could ever think of. Forex trading has similar behaviour, but crypto fluctuates 24 hours across 7 days and, like, forever. Rule 1, don’t venture into this uncharted territory without knowing you can get burnt. The upside…

XRP Falls Amidst Institutional Demand, Retail Selloff Ripple (XRPUSD) fell to $2.15 in the cryptocurrency market on Wednesday amidst expectations that the US Federal Reserve will axe fed rate by 25 basis points next week. The price slump has created a new entry point for some investors seeking to bet on the token as instructional demand continues to improve, a growing catalyst for crypto asset re-rating. The token has lost 0.77% over the last hour due to sell pressures and a decline in trading volume. XRP faces conflicting forces: bearish technicals and ETF-driven institutional demand. XRP ETFs saw $50.27 million…

Oil Prices Rise as Supply Concerns Douse Demand Optimism Oil prices edged higher on Thursday as supply concerns over attacks on Russian oil assets clouded demand optimism after a sharp decline in US inventories. International benchmark Brent crude was trading at $62.82 per barrel, up 0.2% from the previous close of $62.68. US benchmark West Texas Intermediate (WTI) also increased by about 0.3% to $59.11, compared to $58.93 in the prior session. Gains were driven by reports that oil depots in Russia, one of the world’s major oil suppliers, had been targeted, stoking concerns that the country’s crude production and…

British Pound Strengthens on Revised UK PMI, Softer USD The British pound strengthened against other major currencies on Wednesday with the continuous loss of the US dollar’s safe haven features in the forex markets. According to forex trading data obtained, the sterling rose to 1.3289 against the U.S. dollar, from an early low of 1.3218 amidst expectations of a US Federal Reserve rate cut next week. The GBPUSD pair gathered momentum after the UK’s final services purchasing manager index (PMI) for November was revised up from preliminary estimates. The PMI came in at 51.3, up from the flash score of…

Booming IT Investment Cushions US Slowdown – Fitch Surging IT investment and wealth effects from buoyant equity markets are cushioning the impact of higher tariffs on the US economy, Fitch Ratings says. “We have raised our world growth forecasts in our December Global Economic Outlook (GEO) but still expect growth to slow to 2.5% this year and to 2.4% in 2026, from 2.9% in 2024”, Fitch said. The global ratings agency forecasts US GDP growth at 1.8% this year and 1.9% in 2026, revisions of +0.2pp and +0.3pp, respectively, from the September GEO. “We have also raised eurozone GDP growth…