MarketForces Africa ®

The Nigerian Exchange (#NGX) All-share index (ASI) climbed as #BUA Cement, #FirstHoldco, #Zenith Bank, among others, rode a positive wave, boosting the local bourse’s market capitalisation. dmarketforces.com/ngx-asi-reboun… #NGX

Binance Coin (BNB) price slipped 1.03% to $638.68 on Tuesday amid broader crypto market selloffs, primarily driven by a risk-off rotation away from altcoins. dmarketforces.com/bnb-dips-binan… #BinanceCoin #BNB #CryptoMarket

#Ethereum (#ETH) price declined to $2,104.22 amid a large #crypto transfer initiated by #BlackRock, underperforming a slightly weaker broader market. dmarketforces.com/ethereum-slide…

Ripple (XRP) price is down 3% to $1.35, underperforming a slightly weaker Bitcoin, primarily driven by a risk-off rotation out of altcoins amid broader market pressure. dmarketforces.com/xrp-sinks-to-1… #Ripple #XRP #Crypto

The Central Bank of Nigeria (CBN) is scheduled to open N650 billion worth of Treasury bills for subscription at the primary market auction on Wednesday, according to details from the circular released. dmarketforces.com/cbn-to-auction… #CBN #Treasurybills

The naira weakened further across the official and parallel markets on Tuesday. The local unit depreciated by 0.01% to ₦1,373.87 against the US dollar at the Nigerian foreign exchange market (NFEM) window as pressures persisted. dmarketforces.com/naira-falls-on… #Naira

First HoldCo Plc extended its bullish momentum as renewed investor interest and strong market participation pushed its share price higher. dmarketforces.com/firstholdco-cl… #FirstHoldco @FirstBankngr

The Nigerian Exchange (NGX) All-Share Index (ASI) surged 57 basis points on Tuesday, driven by buying interest in banking, industrial, and oil & gas stocks. dmarketforces.com/ngx-index-surg… #NGX #Stockmarket

Fitch Ratings has affirmed Access Bank Plc’s Long-Term Issuer Default Rating (IDR) at ‘B’ with a Stable Outlook. Fitch has also removed the National Long-Term Rating from Rating Watch Positive (RWP), affirmed it at ‘AA-(nga)... dmarketforces.com/fitch-affirms-… @myaccessbank

The Securities and Exchange Commission (SEC) says the transition to a T+1 settlement cycle for equities and commodities transactions will take effect from June 1. dmarketforces.com/t1-settlement-…

The Executive Chairman of the Nigeria Revenue Service (NRS), Dr Zacch Adedeji, says the service is targeting N40 trillion in tax revenue for the federation in 2026 dmarketforces.com/nrs-targets-n4… #NRS @NigeriaRevenue

Money market rates showed mixed performance as liquidity in the financial system decreased by over 39% due to deposit money banks reducing their placements at the Central Bank’s Standing Deposit Facility. dmarketforces.com/money-market-r… #moneymarket

The South African Rand (#ZARUSD) traded in a range against Western currencies on Tuesday, ahead of the April inflation rate figure due for release. dmarketforces.com/zarusd-rand-tr… #SouthAfrican #Rand

Without peace in the Middle East, global markets have struggled to sustain an uptrend amid geopolitical instability, which has dampened investor sentiment dmarketforces.com/global-equity-… #GlobalEquityMarket

The AI rally powering Wall Street to record highs is running into a rapidly rising threat from the bond market, with Treasury yields now climbing fast enough to challenge the extreme valuations driving Nvidia... dmarketforces.com/why-the-bond-m… #bondmarket #Nvidia