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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 104

    NEC Approves Refinancing of $3.3bn Project Gazelle

    News August 4, 2026

    NEC Approves Refinancing of $3.3bn Project Gazelle The National Economic Council (NEC) has approved the refinancing of the 3.3 billion-dollar…

    South African Rand Weakens as U.S. Dollar Index Rebounds

    News August 4, 2026

    South African rand weakened against crosses in the forex market on Tuesday as global market dynamics continue to favour the dominant currency, the US dollar.

    Wall Street, European Markets Rally on Global Inflation Relief Bets

    News August 4, 2026

    Wall Street and European markets rally in anticipation that lower oil prices will reduce global inflation risk

    Bitcoin Trades Sideways as Strategy Inc. Reduces BTC Holding

    News August 4, 2026

    Bitcoin (BTC) moved sideways in line with global crypto market performance, holding the $63k price support level amidst the latest round of BTC selling by Strategy Inc.

    Ethereum Hovers at $1.85k as BitMine Hikes ETH Holdings to 4.8%

    News August 4, 2026

    Ethereum price hovered at $1,855, down by 2% due to a technical breakdown from key resistance levels amid persistent structural concerns.

    Banking System Surplus Liquidity Rises 70%, Interbank Rates Mixed

    News August 4, 2026

    The money market has been flooded with a significant surge in liquidity amidst the latest open market operation auction, where the Central Bank auctioned OMO bills worth N600 billion for subscription. 

    CBN Allots N2.5tn in OMO Bill at 20.10% Interest Rate to Investors

    News August 4, 2026

    The Central Bank of Nigeria (CBN) allotted OMO bills with 141 days to maturity worth N2.523 trillion at the spot rate of 20.10% on Monday to banks and foreign portfolio investors (FPIs).

    Nigerian Naira Rallies on 132% Surge in Interbank FX Turnover

    News August 4, 2026

    The naira rose against the US dollar at the Nigerian Foreign Exchange Market (NFEM) amidst a 132% surge in forex market turnover, reflecting increased trading activities at the official window.

    Delta Govt. Earmarked $100m for De-Risking Investments -Oborevwori

    News August 3, 2026

    Delta Govt. Earmarked $100m for De-Risking Investments -Oborevwori Gov. Sheriff Oborevwori of Delta says the state government has set 100…

    Hyperliquid Gains as Protocol Buyback-and-Burn Tightens Supply

    Cryptocurrency August 3, 2026

    Hyperliquid (HYPE) price rose 4.43% to $54.70, significantly outperforming Bitcoin’s +1.05% gain, primarily driven by strong protocol fundamentals and deflationary token burns.

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    Editors Picks

    NGX Index Rebounds on Small-Cap Stocks Revival, Gains N208bn

    October 9, 2026

    Lagos Opens N200bn Bond for Subscription at 16.75%

    October 9, 2026

    Africa Digital Assets Pre-Launches Kenya, Namibia Tokens to Democratize Finance

    October 9, 2026

    XRP Breaches Safety Net as Ripple Deepens Wall Street Footprint

    October 9, 2026

    Fuel Discount Promo, not Restoration of Subsidy – NNPC Ltd. 

    October 9, 2026

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