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    MarketForces Africa » » Page 80

    Naira Pops, Spot Rate Climbs to N1357 Per U.S Dollar

    News May 7, 2026

    The naira rebounded in the Nigerian Foreign Exchange Market (NFEM), appreciating by a significant 67 basis points (bps) against the U.S. Dollar.

    RMAFC Validates Data for Sharing Revenue with States, LGAs

    News May 6, 2026

    The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) says its ongoing nationwide data verification exercise is aimed at ensuring accurate data for sharing revenue among states and local government areas (LGAs).

    Nigeria Approves $500m Annual Research Fund to Drive Innovation

    News May 6, 2026

    ABUJA: The Federal Government has approved a $500 million annual funding mechanism to transform Nigeria’s research and innovation ecosystem in line with international best practices.

    Airtel, Dangote Rally Boost NGX Index, Investors Gain N628bn

    News May 6, 2026

    The Nigerian Exchange (NGX) All-share index (ASI) recovered from sell pressures as Airtel Africa, Dangote Sugar Refinery, among others, drove momentum in the local bourse on Wednesday.

    Ghana’s Private Sector Growth Slows in April

    News May 6, 2026

    Ghana’s Private Sector Growth Slows in April Ghana’s private sector growth slowed in April, according to the Purchasing Manager Index…

    Breaking News: Oil Prices Dip Below $100, Brent Falls by 10%

    News May 6, 2026

    Crude oil prices plunged on Wednesday, with Brent crude falling by about 10% as reports of a potential agreement between the US and Iran raised expectations of easing geopolitical tensions.

    Nigeria’s US Dollar Bonds Yield Ease on Offshore Positioning

    News May 6, 2026

    Nigeria’s US dollar bonds attracted offshore investors’ attention in the international debt market, reflecting improved confidence, supported by oil-driven fiscal performance.

    XRP Taps Bitcoin Energy, Price Rises to $1.45

    News May 6, 2026

    Ripple’s XRP price just hit $1.45, outperforming a broadly rising crypto market, primarily driven by a beta-driven rally as Bitcoin surged.

    Coinbase Slashes Its Workforce and Hands the Work to AI

    Cryptocurrency May 6, 2026

    Coinbase Slashes Its Workforce and Hands the Work to AI Coinbase announced on Tuesday that it is cutting roughly 700…

    MicroStrategy Eyes Bitcoin Sale to Pay Dividends

    Cryptocurrency May 6, 2026

    MicroStrategy Eyes Bitcoin Sale to Pay Dividends For years, Michael Saylor said the same thing over and over, Strategy would…

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    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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