- 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.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government of Nigeria (FG) will soon begin payment of pension backlog.
Telecommunications giant, MTN Nigeria, has enlightened some Ministries, Departments and Agencies (MDAs) of government on benefits of digital advertising, its numerous possibilities for businesses within the public sector.
Neimeth Names Patricia Aderibigbe Independent Non-Executive Director The Board of Directors of Neimeth International Pharmaceuticals Plc. announces the appointment of Ms. Patricia Aderibigbe and Mr. Adeyemi Odusanya as Independent Non-Executive Directors of the Company, effective 29th October 2024. In a regulatory filing on the Nigerian Exchange, Neimeth said Ms. Patricia Aderibigbe is a visionary and dynamic Executive with over 2 decades of outstanding track record in translating organization-wide strategies and objectives into measurable talent strategies. The company explained that Aderibigbe began her professional career functioning in various roles in HR in companies such as Tarmac Services Limited and London Borough…
Seplat Energy to Use N1681 for Naira Dividend Payment Seplat Energy Plc has announced decision to use exchange rate of N1681 for its interim dividend payment to Nigerian shareholders. A significant growth in tax expenses eclipsed the Seplat performance in Q3 and cause profit after tax to drop by about 56% year on year to $35.254 million. Still, Seplat Energy increased its quarterly dividend by 20.0% to 3.6 cents per share from Q3’24, backed by an 11% increase in cash to $433.9 million. In its regulatory filing, the Nigerian independent energy company listed on both the Nigerian Exchange Limited and…
Zambia economic growth projection has been downgraded following latest review by the International Monetary Fund
The prices of crude oil dropped further in the global commodities market on Tuesday as Chinese demand is expected to remain weak, supported by strengthened U.S dollar.
The Transition Committee of the All Progressives Congress (APC) in Edo has recommended a probe into more than N410 billion local and foreign debts allegedly owed by the state.
The Joint Committee on Works in the National Assembly has called for innovative interventions to grant local contractors access to finance and unlock their potentials to contribute to national development.
African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited
Lagos Requires $14 to $33bn to Fund Energy Projects- Official The Lagos State Government says it will require an investment of 14 billion dollars to 33 billion dollars to meet its energy generation needs by 2030. Mr Kamaldeen Balogun, General Manager of the Lagos State Electricity Board, disclosed this at the 15th Ralph Alabi Memorial Lecture and Induction of new corporate members of the Nigerian Society of Engineers (NSE) Ikeja Chapter. The theme of the event is, “Opportunities in Emerging Power Sector: A Panacea for Economic Stability and Industrialisation”. Balogun, an engineer, while delivering a keynote address at the event,…