- Iran Plans to Restore 3mbpd Oil Production in 60 Days
- Aradel Grows Profit by 192%, Declares N23 as Final Dividend
- Dangote Cement Sells 64% of Production Volume to Nigerians
- Naira Tumbles as Interbank FX Turnover Drops by 43%
- XRP Rises as HKIMR Recognises Ripple for Cross-Border Payment
- ETC- Ethereum Classic Gains 6% on Listing Speculation
- Bitcoin Climbs, JP Morgan Says BTC Trades Below Mining Costs
- Equities Investors Lose N939bn as Banking Index Tumbles
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.
An International Monetary Fund mission led by Ivanna Vladkova Hollar and the Egyptian authorities have reached staff-level agreement on the fourth review under the Extended Fund Facility (EFF) arrangement.
Tax Reform Here to Stay, Tinubu Says President Bola Tinubu said, in his maiden media chat on Monday, that the tax reform bill before the National Assembly had come to stay. The president said his administration must retool the economy and that he had the capacity to focus on what the country needed. “We cannot continue to do what we were doing yesteryears in today’s economy; we cannot retool this economy with the old groping bolts. “I believe I have that capacity; I am focused on what Nigeria needs and what I must do for Nigerians. “It will not be…
Global cryptocurrencies market value jerked down as bitcoin and ether exchange-traded funds saw some
MTN Nigeria Seeks to Raise ‘More Money’ from Debt Market The telecommunications company, MTN Nigeria Plc, has moved to raise additional funds of up to N50 billion from the debt market to boost working capital through Series 15 and 16 commercial papers. The telecom company has shown preference for short-term funding via commercial paper offerings to reduce pressures from negative capital position. In a regulatory filing, the telecom company told the Nigerian Exchange it plans to issue commercial paper worth about N50 billion. This will be the third commercial paper issuance made by the company after FX pressure broke its…
Airtel Africa has announced the commencement of a second share buyback programme that will return up to $100 million to shareholders.
Transcorp Hotels Hits 52-Week High Ahead of CEO Exit Transcorp Hotels Plc market value hit a new 52-week high in the equities segment of the Nigerian Exchange (NGX) in the just concluded week ahead of its leadership change. The hospitality company’s share price inched higher to N116 in the equities market on Friday, gaining 9.4% over the last five trading sessions from the opening price of N106. Its share price has been flattish over the recent past weeks ahead of the fourth quarter of the financial year 2024 earnings announcements. For some alpha seekers, the right time to make strategic…
Bitcoin, Ethereum, and some other cryptocurrencies prices rebounded in the cryptocurrencies markets after massive sell pressure caused by retail investors profit-taking. However, the renewed interest in major cryptocurrencies assets lifted market capitalisation of all digital coins higher, weekend data showed.
The Central Bank of Nigeria (CBN) has opened a temporary window that allows Bureau de Change (BDC) operators access to stock up US dollars at an official or Nigerian Foreign Exchange Market rate to meet seasonal demand.
Equities investors lost more than N72 billion as selloffs halted eight days of gaining streaks on the Nigerian Exchange on Friday. Trading session ended negative due to profit-taking activities on Aradel Holdings, halting an eight-day rally.
Bitcoin’s huge loss dragged global crypto market capitalisation downward by about 11% in 24 hours as euphoria over Donald Trump’s election win