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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 391

    Naira Appreciates to N1,347 on Strong US Dollar Supply

    FX Market February 16, 2026

    In the official foreign exchange market, the naira appreciated to N1,347 per dollar on Monday, reflecting the absence of significant pressures from international payments.

    Alleged $25.5m Debt: Court Orders Interim Administration for Green Energy, Lekoil

    News February 16, 2026

    Alleged $25.5m Debt: Court Orders Interim Administration for Green Energy, Lekoil A Federal High Court in Lagos has ordered an…

    CBN Sells N1.3trn in OMO Bills to Mop Up Excess Liquidity

    News February 16, 2026

    The Central Bank of Nigeria (CBN) came to the market on Monday to sell OMO bills as part of efforts to reduce excess liquidity in the money market.

    Equities Investors Gain N5.11trn as NGX Hits Historic High

    News February 16, 2026

    Nigerian Exchange (NGX) hit a historic high on Monday as equities investors gained N5.11 trillion due to improved bargain hunting

    Tax: Integration of Technology in Revenue Systems Critical- Adedeji

    News February 16, 2026

    Tax: Integration of Technology in Revenue Systems Critical- Adedeji The Executive Chairman of the Nigeria Revenue Service (NRS), Mr Zacch…

    British Pound Halts Swings Ahead of UK Data

    FX Market February 16, 2026

    British Pound Halts Swings Ahead of UK Data British Pound or Sterling stabilizes at $1.36 on Monday ahead of key…

    Euro Hovers at $1.1850 as ECB Ok Single Currency Strengthen

    FX Market February 16, 2026

    The euro hovered around $1.1850 on Monday, staying close to a four-year peak above $1.20 reached in late January, supported by signals that the European Central Bank (ECB) is largely comfortable with the currency’s recent strength.

    Sterling Confirms Recapitalisation of Two Banking Subsidiaries

    News February 16, 2026

    Sterling Financial Holdings Company Plc has confirmed that its core banking subsidiaries, The Alternative Bank (AltBank) and Sterling Bank,

    Ethereum Price Locks Below $2k on Whale Selloffs Signal

    Cryptocurrency February 16, 2026

    Ethereum (ETHUSD) dropped by 2.11% to $1,958.99 in 24h, underperforming a slightly weaker broader market, primarily driven by a major whale preparing to sell.

    XRP Hit by Large Sell Order in Major Crypto Exchange

    Cryptocurrency February 16, 2026

    Ripple, XRP, is tracking lower on Monday, down 2.04% to $1.49 in 24 hours, underperforming a slightly weaker broader market, primarily driven by a concentrated sell-off on a major exchange.

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    Editors Picks

    Nvidia Tokenised Stock Price Drops 4.6% Amid Crypto, Equity Selloffs

    October 15, 2026

    Nigeria’s 10-Year U.S. Dollar Bond Yield Falls 6 bps

    October 15, 2026

    Overnight, Repo Rates Ease as CBN Mops 4% of System Liquidity

    October 15, 2026

    Nigeria Rejects UN Budget Cuts Threatening Development, Peacekeeping

    October 14, 2026

    Naira Gains 0.3 Pips as Interbank FX Turnover Soars By 427%

    October 14, 2026

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