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    MarketForces Africa » » Page 40

    Moody’s Changes Mali’s Outlook to Negative, Affirms Caa2 Rating

    News May 30, 2026

    Moody’s Ratings (Moody’s) has changed the outlook on the Government of Mali to negative from stable and has affirmed the local- and foreign-currency long-term issuer ratings at Caa2. 

    HBAR- Hedera Gains 5% as Open Interest Surges, Positioning

    News May 30, 2026

    Hedera (HBARUSD) gained 5.02% over 24 hours to $0.0975, significantly outperforming a flat Bitcoin and the broader market, driven primarily by a surge in leveraged derivatives positioning and whale accumulation.

    SOLUSD – Solana Price Climbs on Huge Spot ETF Inflows

    News May 30, 2026

    Solana (SOLUSD) climbed 1.01% to $82.94, slightly outperforming a modestly rising broader market, primarily driven by relative strength amid capital rotation and steady institutional interest.

    ADAUSD -Cardano Gains 2% on Staking, Whale Accumulation

    News May 30, 2026

    Cardano (ADAUSD) gained 2% over the past 24 hours to $0.23699, outperforming a flat Bitcoin, primarily driven by strong on-chain accumulation and network confidence.

    Nigerian Exchange Delivers 60.90% Return in 5 Months

    News May 30, 2026

    The Nigerian Exchange (NGX) delivered a 60.90% return from January to May 2026, driven by persistent demand for stocks of local companies across sectors.

    GCR Affirms Access Bank AA/A1+ With Stable Outlook

    News May 30, 2026

    GCR Ratings (GCR) has affirmed Access Bank Plc’s national scale long and short-term issuer ratings of AA(NG) and A1+(NG), respectively, while the outlook is stable.

    Oil Prices Fall 9% in 5 Days as US-Iran Tensions Ease

    News May 30, 2026

    Oil market posts weekly losses as progress toward a US-Iran ceasefire agreement eases concerns over potential supply disruptions through the strategic Strait of Hormuz.

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst

    News May 30, 2026

    BNB Gains 5.9% on Binance’s 65th HODLer Airdrop Catalyst Binance coin (BNB) gained 5.9% in 24 hours to $672.93, significantly…

    XRP Gains 2% on Institutional Demand, Altcoin Rotation

    News May 30, 2026

    Ripple (XRP) gained more than 2% over the past 24 hours to $1.34, outperforming a flat Bitcoin, primarily driven by steady institutional accumulation via spot exchange-traded funds (ETFs).

    Naira Climbs as Nigeria’s Foreign Reserves Cross $49bn

    News May 30, 2026

    The naira climbed against the US dollar to 1,373 at the Nigerian Foreign Exchange Market (NFEM) at the close of the trading session on Friday.

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    Editors Picks

    Naira Hovers Around N1,380 as Interbank FX Turnover Surges

    June 25, 2026

    XRP Dives to $1.03 as Strobe Finance Shutdown Erodes Confidence

    June 25, 2026

    Ethereum Price Slips 4% as Investors Liquidate Positions

    June 25, 2026

    Bitcoin Price Slides to $59k as US Inflation Stokes Selloffs

    June 25, 2026

    Only 20% of POS Operators Registered- CAC Chairman

    June 25, 2026

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