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    MarketForces Africa » » Page 73

    Dangote Cement Hits N18.4trn Market Cap, Overtakes MTN, BUAFOODS

    Analysis May 10, 2026

    Dangote Cement Plc has overtaken BUAFoods and MTN Nigeria as the most valuable listed company on the Nigerian Exchange, with its market cap hitting N18.358 trillion at the close of trading on Friday.

    MTN Nigeria Tumbles as Investors React to Licence Revocation Threat

    Analysis May 10, 2026

    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

    Cryptocurrency May 10, 2026

    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

    Analysis May 10, 2026

    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

    News May 10, 2026

    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%

    News May 10, 2026

    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

    News May 10, 2026

    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

    News May 10, 2026

    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

    Cryptocurrency May 10, 2026

    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

    Cryptocurrency May 10, 2026

    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.

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    Editors Picks

    Investors Lose N983bn in Nigerian Stock Market

    June 26, 2026

    BTC, ETH, XRP Rise as Crypto Market Stages Recovery

    June 26, 2026

    Oil Prices Decline as Strait of Hormuz Route Gets Busy

    June 26, 2026

    Stronger US Dollar Keeps South African Rand on Edge

    June 26, 2026

    Tech Stocks Rotation Shakes Global Markets as Apple Hikes Prices

    June 26, 2026

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