mastodon 4.8.0-nightly.2026-10-06MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem
Coinbase announced on Tuesday that it is cutting roughly 700 employees, equal to 14 percent of its entire workforce, as CEO Brian Armstrong declared that artificial intelligence has permanently changed the way...
https://dmarketforces.com/coinbase-slashes-its-workforce-and-hands-the-work-to-ai/
Benchmark yield on Nigerian government bonds rose slightly in the secondary market as investors switched to a cautious stance amid rising inflation. The real return on fixed-interest securities has decreased
https://dmarketforces.com/yield-on-nigerian-bonds-rises-as-inflation-twists-sentiment/
#XRP gained about 2% to $1.42 over the past 24h, closely tracking broader market gains, primarily driven by its positive beta with Bitcoin amid #Ripple’s plan to share hacker intelligence with the #crypto industry
https://dmarketforces.com/xrp-gains-as-ripple-plans-to-share-north-korea-threat-intel/
XRP is approaching $1.44 in early trading, with positive signals suggesting the uptrend will continue, outpacing Bitcoin’s 0.69% gain.
https://dmarketforces.com/xrp-price-approaches-1-44-in-fresh-breakout-beats-bitcoin-gain/
Equity investors trading highs and lows on the Nigerian Exchange (NGX) lost about N81 billion as the local bourse experienced significant selling pressures in key stocks.
https://dmarketforces.com/nigerian-exchange-sheds-n81bn-as-investors-sentiment-shifts/
The South African rand lost momentum against Western currencies on Monday amid a US dollar rally, surging global oil prices and an increase in the country’s unemployment Rate
https://dmarketforces.com/rand-loses-momentum-as-unemployment-rises-dollar-rally/
The Nigerian naira opened weak on Monday after a weekly value depreciation of N10 against the US dollar. The local currency fluctuated despite the authority interventions in the official window, suggesting rising demand for international payments.
https://dmarketforces.com/naira-opens-weak-nigerias-fx-reserves-signal-uptrend/
Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and revenue growth offset by a sharp, policy-driven hit to profitability
https://dmarketforces.com/no-cause-for-alarm-in-bank-results-2025-numbers-tell-stronger-story/
Ripple (XRP) price dropped by about 3% to $1.38 on Monday, underperforming a broadly weaker crypto market amid a macro risk-off sell-off
https://dmarketforces.com/xrp-slides-to-1-38-on-macro-headwinds-squeeze-risk-appetite/
Ripple’s XRP price just hit $1.45, outperforming a broadly rising crypto market, primarily driven by a beta-driven rally as Bitcoin surged
https://dmarketforces.com/xrp-taps-bitcoin-energy-price-rises-to-1-45/
Nigeria’s US dollar bonds attracted offshore investors’ attention in the international debt market, reflecting improved confidence, supported by oil-driven fiscal performance.
https://dmarketforces.com/nigerias-us-dollar-bonds-yield-ease-on-offshore-positioning/
The Central Bank of Nigeria (CBN) closed N2 trillion in OMO bills sales with foreign portfolio investors and deposit money banks at the primary market auction on Friday.
https://dmarketforces.com/cbn-closes-n2trn-omo-bills-sales-with-investors/
Heirs Holdings Founder tells Presidents Ruto and Macron that Africa wants partners of substance, based on equality, and that power and infrastructure must come first.
https://dmarketforces.com/our-youth-do-not-need-handouts-elumelu-says-at-africa-summit/
Offshore or foreign portfolio investment inflows accounted for more than 59% of the US dollars available at Nigeria’s foreign exchange market, details released by the research unit of Coronation Merchant Bank Limited revealed.
https://dmarketforces.com/offshore-inflows-account-for-59-of-nigerias-fx-market-supply/
MTN Nigeria Plc slumped by about 9% on the Nigerian Exchange amid a surge in transaction volume driven by sell-side actors. The share price declined, dragging MTN Nigeria’s market value back from the 52-week high...
https://dmarketforces.com/mtn-nigeria-slumps-9-on-huge-trading-volume-value/
#Dogecoin (#DOGEUSD) gained 4.2% to $0.1160 on Wednesday, significantly outperforming a modestly rising broader market, primarily driven by major whale accumulation and a technical breakout.
https://dmarketforces.com/dogeusd-dogecoin-gains-4-2-on-sharp-volume-surge-eyes-0-12/
The US dollar climbed to its highest level in about a month on surging demand for safe havens as concerns over war-driven inflation intensified.
https://dmarketforces.com/us-dollar-rises-against-crosses-on-demand-for-safe-haven/
Oil prices declined on Wednesday amid growing optimism over a final agreement between the US and Iran. Brent crude traded at $108.66 per barrel, down around 1.16% from the previous close of $109.87
https://dmarketforces.com/oil-prices-decline-as-u-s-suspends-project-freedom/
Nigeria’s Eurobond prices declined in the international market as foreign portfolio investors and other holders offloaded the sovereign paper across the mid- and long-end of the curve.
https://dmarketforces.com/nigeria-eurobonds-yield-climbs-as-inflation-shifts-sentiment/
Bitcoin (BTC) price declined to $76,179.93, underperforming a broadly weaker market, primarily due to a sharp reversal in institutional demand for exchange-traded funds (ETFs).
https://dmarketforces.com/btcusd-bitcoin-plunges-to-76k-on-major-etf-outflow/
Intesa Sanpaolo, Italy’s largest bank, more than doubled its #crypto-related investment exposure in the first quarter. The bank’s crypto exposure increased to about $235 million at the end of March from roughly $100 million..
https://dmarketforces.com/intesa-sanpaolo-doubles-crypto-holdings-with-xrp-eth/
Ripple (XRP) price rose 2% to $1.42, outpacing a flat Bitcoin, driven by regulatory optimism following the U.S. Senate’s advancement of the CLARITY Act.
https://dmarketforces.com/xrp-price-rises-2-as-regulatory-catalyst-drives-rally/
The Nigerian Upstream Petroleum Regulatory Commission (#NUPRC) has allocated 61.9 million barrels of crude oil to domestic refineries in the First Quarter (Q1) 2026, against 68.7 million barrels offered by producers.
https://dmarketforces.com/nuprc-allocates-61-9m-barrels-of-oil-to-local-refineries-in-q1/
For years, Michael Saylor said the same thing over and over, Strategy would never sell its Bitcoin. Not for any reason. Not under any pressure. The company would buy, hold, and keep holding forever...
https://dmarketforces.com/microstrategy-eyes-bitcoin-sale-to-pay-dividends/
The Central Bank of Nigeria (CBN) is scheduled to conduct the first Treasury Bill auction for the month on May 6, 2026, according to a financial market circular released.
https://dmarketforces.com/cbn-targets-n700bn-raise-from-nigerian-treasury-bills-auction/
Mr Wole Ogunsanya, Chairman of Petroleum Technology Association of Nigeria (#PETAN), says African oil and gas firms are joining forces to tackle energy poverty.
https://dmarketforces.com/african-oil-firms-join-forces-on-energy-poverty-petan-boss/
The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.
https://dmarketforces.com/naira-depreciates-as-stiff-fx-inflow-keeps-local-unit-on-edge/
U.S. President Donald Trump on Tuesday said that “Project Freedom,” the initiative to secure shipping through the Strait of Hormuz, will be paused “for a short period of time” to see whether an agreement with Iran can...
https://dmarketforces.com/trump-says-op-to-break-irans-strait-of-hormuz-blockade-to-be-paused/
The global markets open the new week in red following a soft Wall Street close, reflecting uncertainties in the global economy with a negative inflation outlook.
https://dmarketforces.com/global-markets-open-in-red-on-wall-street-soft-close/
Zenith Bank Plc has announced the appointment of Engr. Mustafa Bello as the Chairman of its Board of Directors. The appointment, which takes immediate effect, has been approved by the Central Bank of Nigeria (CBN)
https://dmarketforces.com/zenith-bank-appoints-engr-mustafa-bello-as-chairman-at-agm/
#Bitcoin (#BTCUSD) has extended its rally, with the price up about 2% to $81,483.36 on Wednesday, slightly outpacing the broader market, which rose 0.91%.
https://dmarketforces.com/btcusd-bitcoin-rises-to-81-5k-as-buyers-take-control/
With a year-to-date return of about 61%, the Nigerian Exchange (NGX) surged by N3.34 trillion as investors continued to bet on the earnings potential of some companies’ stocks.
https://dmarketforces.com/ngx-surges-by-n3-34trn-year-to-date-return-rises-to-61/
The South African Rand rallied against the US dollar, the euro, the British pound, and the Japanese yen on Wednesday as easing Middle East tensions drove gold prices higher.
https://dmarketforces.com/south-african-rand-gains-as-gold-rises-oil-prices-ease/
The naira depreciated against the US dollar on Monday at the Central Bank of Nigeria’s Foreign Exchange Market (NFEM) as FX inflow remained stiff.
https://dmarketforces.com/naira-depreciates-as-stiff-fx-inflow-keeps-local-unit-on-edge/
Global equity markets rallied as easing Middle East tensions and a retreat in oil prices buoyed sentiment, with Wall Street leading gains overnight.
https://dmarketforces.com/global-equity-markets-rally-as-middle-east-tensions-soften/
#Bitcoin (#BTCUSD) topped $82K on Wednesday as the rally extended since last week’s pickup. The world’s largest digital asset gained, climbing to $82.165, as trading data from a crypto exchange was revealed
https://dmarketforces.com/btcusd-tops-82k-cme-to-launch-bitcoin-volatility-futures/
Nigeria’s largest banks delivered a mixed but ultimately reassuring set of financial results in 2025, with balance sheet expansion and revenue growth offset by a sharp, policy-driven hit to profitability.
https://dmarketforces.com/no-cause-for-alarm-in-bank-results-2025-numbers-tell-stronger-story/
The World Health Organisation (WHO) has declared the ongoing Ebola outbreak in the Democratic Republic of the Congo (DRC) and Uganda a Public Health Emergency of International Concern.
https://dmarketforces.com/who-declares-drc-ebola-outbreak-of-international-concern/
#Bitcoin (#BTC) staged a price recovery, climbing by about 1% to $78.5k, as Italy’s largest Bank doubled its #crypto holdings amid sell pressure in the cryptocurrency market.
https://dmarketforces.com/bitcoin-climbs-as-italys-largest-bank-boosts-crypto-holdings/
Oil prices rose on Monday as efforts to balance the global demand and supply equation continued to yield less favourable outcomes, with US President Donald Trump’s ‘clock is ticking’ warning to Iran.
https://dmarketforces.com/oil-prices-rise-as-trump-warns-iran-clock-is-ticking/
