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    MarketForces Africa » Inside Africa -MarketForces Africa » Page 8

    MTN Nigeria Tumbles as Investors React to Licence Revocation Threat

    Olu AnisereMay 10, 20260

    MTN Nigeria Plc lost about N2.4 trillion in market value due to significant selloffs on the local bourse amid a threat of licence revocation against South African companies.

    XRP Price Soars 5% as XRPL Plans DeFi Expansion

    Olu AnisereMay 10, 20260

    XRP Price Soars 5% as XRPL Plans DeFi Expansion Ripple (XRP) price soared by about 5% to $1.49 over the…

    Oando Plc Slides Amidst Late Earnings Filing

    Folasade OlugbadeMay 10, 20260

    Oando Plc’s market value tanked amid deteriorating investor sentiment, as the energy company failed to release its audited annual financial results on the Nigerian Exchange.

    FEC Approves Data Bank, Onne, Apapa Power Plants Projects

    Julius AlagbeMay 10, 20260

    The Federal Executive Council (FEC) has approved three strategic Public-Private Partnership (PPP) projects aimed at strengthening Nigeria’s infrastructure base and stimulating economic growth across critical sectors.

    Citibank, Stanbic, Zenith Pensions Stake in GTCO Nears 40%

    Olu AnisereMay 10, 20260

    Citibank Nigeria Limited, Stanbic Nominees and Zenith Pensions Limited controlled about 40% of GTBank’s non-operating holding company, GTCO, as of the end of the financial year 2025.

    Wema Bank Shrinks by 8.5% Ahead of Shareholders Meeting

    Olu AnisereMay 10, 20260

    The market value of Tier-2 financial services company Wema Bank Plc fell by about 8.5% over the last seven trading sessions, tracking below its 52-week high due to deteriorated investor sentiment.

    NGX Index, Market Cap Expands as Investors Gain N1.1trn

    Ogochukwu NdubuisiMay 10, 20260

    The Nigerian Exchange (NGX) All-share index and market capitalisation expanded as equity investors gained N1.1 trillion over the last five trading sessions in the local bourse.

    Bitcoin Price Nears $81K as GoMining GoBTC Pay Opens Payment Access

    Julius AlagbeMay 10, 20260

    Bitcoin (BTC) price climbed by 0.64% to $80,721.79 on market optimism about increasing adoption, slightly outpacing a broadly flat total market (+0.33%) as it consolidates below a key technical ceiling.

    Binance Coin Hovers at $650 as BNB Chain Posts 50m Active Addresses

    Julius AlagbeMay 10, 20260

    Binance Coin (BNB) is a few pips away from $650 amid a sharp drop in trading volume across the cryptocurrency market. Trading data indicates BNB volume is down 48% over the past 24 hours to $761 million.

    Adewole Adebayo Clinches SDP Presidential Ticket

    Ogochukwu NdubuisiMay 10, 20260

    Adewole Adebayo Clinches SDP Presidential Ticket A faction of the Social Democratic Party (SDP) has elected Prof. Adewole Adebayo as…

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