Author: Julius Alagbe

Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins

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CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) cut the benchmark interest rate by 3.50% at the conclusion of its meeting in Sept. 2026. The major policy easing brought down the country’s monetary policy rate (MPR) to 23%, marking its second interest rate cut this year. The authority signals a move towards a more accommodative monetary policy stance following its 307th policy meeting. The Committee unanimously agreed to adjust the key monetary policy parameters, signalling a dovish shift amid mixed macroeconomic conditions. The monetary authority retained…

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Ethereum Tops $2.74K as Binance ETH Withdrawal Hits 3Y High

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Ethereum Tops $2.74K as Binance ETH Withdrawal Hits 3Y High Ethereum is up 1.52% to $2,740.16 in 24h, closely tracking a broader market rally driven by a Bitcoin-led short squeeze and record inflows into institutional ETFs. With a $21.64 billion transaction value in 24 hours, ETH trading volume rose about 28% as institutional capital continues to rotate into top digital assets. The move was ignited by Bitcoin, which surged past $85,000. This breakout triggered a massive wave of short liquidations—over $648 million across the market in 24 hours, including $157.97 million in Ethereum shorts. Driving the momentum, U.S. spot Bitcoin…

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