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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.
The Central Bank of Nigeria (CBN) has again cut rates on Nigerian Treasury bills (NTB) with 91-and 364-day maturities at the midweek primary market auction.
Selloff in Tier-1 banks – Zenith Bank, UBA, Access Holdings Plc halted momentum in the Nigerian stock market as investors reacted to disinflation
Nigeria’s $150m Suit Against Google, GoDaddy.com Adjourns The Federal High Court in Abuja, on Tuesday, adjourned the 150 million dollars suit filed by a Nigerian, Chianugo Peter, against Google LLC and GoDaddy.com LLC until April 22 for hearing. The case, which was before Justice Obiora Egwuatu, could not proceed due to the judge’s absence in today’s proceedings. Although Peter’s lawyer, Emmanuel Ekpenyong, and Mark Mordi, who is counsel to Google LLC, were in court, Justice Egwuatu was said to be in another official assignment. The matter was consequently fixed for April 22 for hearing. Peter had filed the suit over…
Debt Office Reopens N800bn Local Bonds for Subscription The Debt Management Office (DMO), on behalf of the Federal Government, has reopened three FGN bonds valued at N800 billion for subscription at N1,000 per unit. According to a release by the DMO in Abuja, the first offer is a June 2032 FGN bond (7-year reopening), valued at N400 billion, with an interest rate of 17.95 per cent per annum. The second offer is a May 2033 FGN bond (10-year re-opening), valued at NN300 billion, with 19.89 interest rate per annum. The third offer is a February 2034 FGN bond (10-year re-opening),…
MTN Group has agreed to acquire IHS Towers’ African operations in a $6.2 billion all-cash deal, according to an official statement.
IHS Towers shareholders have agreed to sell 75% interest to MTN Group at $8.50 per share, according to an official statement, a deal planned to be executed in cash.
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday as investors continue to show interest in the naira curve.
The Nigerian Exchange (NGX) market capitalisation dropped by N590 billion as investors cashed out from stocks that posted significant gains in recent times.
Bitcoin (BTCUSD) has lost about 25% from the beginning of the year to date, and crypto analysts and the investment community have already marked the digital coin for a red first quarter in history.
MTN Group’s acquisition of IHS Holding will elevate the telecom company’s leverage positions and increase its exposure to Nigeria, Moody’s Rating said in a commentary note.