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.

South African Rand Trades Sideways as Gold, Oil Rally

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South African Rand Trades Sideways as Gold, Oil Rally The South African Rand (ZAR) traded sideways on Wednesday against the crosses, including the US dollar, the Euro and the British pound. The local unit was stable as traders continue to assess the ongoing uncertainty surrounding the Strait of Hormuz, which continues to pose a risk to global markets. However, the lack of significant weakness in emerging-market currencies suggests investors are not yet pricing in a broader risk-off environment. The rand traded at R16.19/dollar, R18.68/euro and R21.87/pound, according to a brief released by First National Bank (FNB) stockbroking and portfolio management…

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Ukraine Submits Peace Proposals to U.S. Negotiators

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Ukraine Submits Peace Proposals to U.S. Negotiators Ukrainian President Volodymyr Zelensky on Wednesday said that Kyiv had submitted proposals to U.S. negotiators outlining a possible plan to end the war with Russia. Zelenskiy also suggested that Moscow could use next month’s parliamentary election as a pretext for launching a new mobilisation. Peace efforts have largely stalled since the outbreak of the conflict with Iran, with Ukraine continuing to push for a ceasefire after nearly four and a half years of fighting. “We have conveyed our proposals to the American side,” Zelenskiy said in his nightly video address. He said U.S.…

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IFC Acquires US$25 million Equity Interest in Jumia Technologies AG.

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IFC Acquires US$25 million Equity Interest in Jumia Technologies AG. The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has announced a $25 million equity investment in Africa’s largest public e-commerce platform, Jumia Technologies AG (NYSE: JMIA), according to an official statement obtained by MarketForces Africa. The group said its equity capital in Jumia is to support the expansion of Africa’s digital commerce infrastructure, helping small businesses reach new markets, create jobs, and strengthen economic opportunities across the continent. The investment is expected to enable approximately 60,000 local active sellers each year to participate more…

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