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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.
NDLEA Secures 9,043 Convictions, Arrests 52 Barons The National Drug Law Enforcement Agency (NDLEA) has secured 9,034 convictions in the last three years, says its Chief Executive Officer, Brig.-Gen Buba Marwa (rtd.). Marwa, who disclosed this in Lagos on Tuesday during the Island Club Business luncheon, added that the agency also arrested 52,901 traffickers and 52 barons within the period under review. The NDLEA boss said that most of the culprits were high-profile personalities in the society. “That tells how deeply the rot had eaten into the fabric of our society. “Within the period, we have seized 8.6 million kilograms…
Equities investors trading highs and lows on the Nigerian Exchange (NGX) platform gained more than N136 billion on Tuesday on health performance on sector indexes.
The G20 on Tuesday launched the Global Alliance against Hunger and Poverty to support the implementation of country-led, country-owned programmes aiming at reducing hunger and poverty worldwide
Local investors increased their bets on Nigerian Treasury bills in the secondary market ahead of the Central Bank of Nigeria’s primary market auction schedule to hold on Wednesday.
The Debt Management Office (DMO) sold reopened FGN bonds at higher marginal rates amidst an accelerating headline inflation rate, according to details from its monthly primary market auction.
The Nigerian Exchange All Share Index (NGXASI) is trending positively during early trading hours due to renewed demand in Oando Energy
The interbank rates sank deeply as the liquidity level in the financial system increased significantly week on week after inflows from Remita and Federal Government of Nigeria (FGN) bond coupon payments hit the system.
As the government continues to borrow, Nigeria’s debt clock is predicted to accelerate even more. Total debt to gross domestic product (GDP) is estimated to settle at 54.6% at the end of 2024, analysts at Cordros Securities said in a commentary note.
Commissioner Debunks Illegal Mining Claims in Kebbi Alhaji Haliru Aliyu-Wasagu, Kebbi Commissioner for Solid Minerals Development and Mining has debunked a media report that the state government was supporting illegal mining activities in the state. Addressing a press conference in Birnin Kebbi on the matter, Aliyu-Wasaguthe described the report as fake, malicious and a calculated attempt not only to tarnish the image of the present administration but also to distract its attention from the developmental strides. He said: “The briefing is to categorically debunk a recent online report published by www.truthng.com which falsely alleges that the Kebbi Government is supporting…
GCR Ratings has affirmed AIICO Money Market Fund’s national scale fund rating of A+(NG)(f) with the outlook revised to positive from stable. AIICO Money Market Fund, an open-ended collective investment scheme, is actively managed by AIICO Capital Limited.