- Naira Gains Traction on Improved FX Liquidity, Closing at N1,346/$
- Fitch Revises France’s Outlook to Negative; Affirms at ‘A+’
- CBN Raises N2.9trn as Investors Oversubscribe OMO Bills Offering
- NGX Index Climbs as Access Holdings, Transcorp Power Rally
- AFC, GCF Unlock $690 Million in Climate Finance
- OPay: Business Fundamentals Unaffected by NYSE Listing Suspension – Analysts
- XRP Decouples from Bitcoin, Rises to $1.26 as Wallets Grow
- Oil Prices Surge as US Strikes Iran’s Island, Brent Tops $106
Solana (SOL) price increased by 5% to $67.36, outperforming a broader market rebound primarily driven by a potential liquidity signal from a major stablecoin mint and oversold technical conditions.
First Bank of Nigeria Limited’s capital adequacy ratio (CAR) fell below the Central Bank of Nigeria (CBN) benchmark in Q1 2026, a regulatory breach that analysts anticipate will be restored at the end of the third quarter.
The naira traded sideways against the US dollar in the official window on Monday, reflecting low payment pressure following the Apex Bank’s FX manual notice.
The Executive Board of the International Monetary Fund (IMF) has announced the approval of Rwanda’s request for a 38-month arrangement under the Extended Credit Facility (ECF) with access to SDR 185.031 million (115.5 per cent of quota) and authorised an immediate disbursement of SDR 26.433 million (about US$35.7 million).
Equities investors gained more than N714 billion as the Nigerian Exchange (NGX) All-Share Index rebounded from the broader sell-off reported last week.
Iranian military on Monday announced that the country will cease attacking Israel after having given a “painful response” to Israeli attacks on Lebanon.
Bitcoin price (BTCUSD) topped $63k on Monday, recovering from a steep weekly decline, primarily driven by a massive short squeeze triggered by geopolitical optimism.
The Central Bank of Nigeria (CBN) raised a total of NGN4.5 trillion through OMO and Treasury bills last week, as investor demand for naira assets remains strong via primary market auctions (PMAs)
DeXe price (DEXEUSD) climbed 14.76% to $22.67, significantly outperforming Bitcoin’s +1.7% gain, driven primarily by a broad rotation into high-performing altcoins.
The South African rand is trading flat against crosses on Monday as a surprise US May jobs report fueled a broad dollar rally and crushed emerging-market currencies.
Subscribe to Updates
Subscribe to updates from MarketForces Africa, an independent financial news service provider.
