Author: Julius Alagbe
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.
Nigeria Deposit Insurance Corporation (NDIC), acting as liquidator of the defunct Gulf Bank Plc, has filed two suits against Wema Bank Plc at Federal High Court in Lagos over disputed Banana Island properties, valued at N125.38 billion and an alleged unauthorised payment of N401 million
Wall Street Surges to Record Highs as AI, Tech Stocks Rally Wall Street powered to fresh record highs as AI and technology stocks surged on optimism following the United States (US)-China summit, according to a morning brief from First National Bank. The global markets posted positive performance with the S&P 500 closing up 0.77%, the NASDAQ advancing 0.88%, and the Dow Jones rising 0.75% after the US approved key chip shipments to China, while upbeat corporate earnings also fuelled sentiment. European markets followed suit, benefitting from positive summit rhetoric and strong results in the technology sector as the Euro Stoxx…
Nigeria’s headline inflation is projected to climb as Middle East tensions drive global oil prices higher, pushing petrol pump prices to about N1,400 on average.
Bitcoin (BTC) gained 2.15% to $81,379.98 on the U.S. Clarity Act and Senate approval of Kevin Warsh as Federal Reserve chairman, fuelling optimism across the crypto market.
Ripple (XRP) gained a little above 7% in 24 hours to $1.52, a price move fueled by investor optimism following the US regulatory win and the CME Group’s decision to add the token to the Nasdaq Crypto Index.
Binance Coin (BNB) price climbed 2% to $679.75 over the past 24h, driven by a broad market rally led by Bitcoin, which gained 3.17%. With a market cap of $91.99 billion, BNB has topped Ripple’s XRP, valued at $90 billion.
Naira Slips as Interbank FX Turnover Reduces at Official Window The naira, Nigeria’s local currency, slipped against the US dollar as FX turnover at the Nigeria Foreign Exchange Market (NFEM) window decreased today, according to an official publication. In its daily FX publication, the Central Bank indicated that the official rate depreciated slightly by 0.02%, to ₦1,370.89 per dollar on Thursday, amid slight liquidity tightening. Halting a previous soft rally, interbank FX turnover fell to $78.783 million across 103 deals, according to the Central Bank’s daily update, from $130.549 million the previous day. International payment transactions were executed in the…
The South African Rand strengthened moderately against major currencies, rebounding from a two-day losing streak, First National Bank (FNB) said in its morning brief on Thursday.
Global markets are trading mixed as investors monitor prospects for easing United States (US)-China tensions ahead of the expected meeting between President Donald Trump and President Xi Jinping.
Dangote Refinery is set to debut its initial public offering (IPO) on the Nigerian Exchange, Lagos-based investment firm Cowry Asset Management hinted today.