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.

Reps to Probe $2bn Renewable Energy Grants

News

Reps to Probe $2bn Renewable Energy Grants The House of Representatives Committee on Renewable Energy says it will investigate the usage of $2 billion renewable energy grants to the country. The Chairman of the Committee, Rep. Victor Afam (LP-Anambra), said in a statement issued on Sunday in Abuja. He said that the public hearing, scheduled for Tuesday, Nov. 5, and Wednesday, Nov. 6, will cover the period from 2015 to 2024. The rep alleged that investments meant for the development of the renewable energy sector in Nigeria had not made a commensurate impact on the energy security challenges of the…

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Banks Loan to Govt. Hits Record High, Up 90% in 12-Month

Uncategorized

Banks Loan to Govt. Hits Record High, Up 90% in 12-Month Despite a significant spike in Federal Account Allocation Committee (FAAC) disbursement among tiers of government, the authority has also ramped up borrowings from banks. Total loans taken by companies, Nigerian government other economic increased significantly year on year, according to central bank data, with government borrowing, driving the momentum relatively The Apex Bank said in a recent report that credit to the Private Sector increased by 27.5% year on year to N75.85 trillion in September from N59.51 trillion in the comparable period in 2023. Analysts at Cordros Capital Limited…

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Interbank Rates Dip as Remita, Signature Bonus Boost Liquidity

MarketNews

Interbank Rates Dip as Remita, Signature Bonus Boost Liquidity Interbank rates were kept in check as signature bonuses, a non-refundable payment made by an oil company to the government in exchange for the rights to develop an oil block commercially, and inflows from OMO bill maturity lifted the balance in the financial system. Money market rates fell sharply week on week to settle around 20% apiece in the absence of funding pressure in the financial system in the just concluded week. System liquidity saw a substantial improvement driven by inflows from OMO maturities, Remita inflows, and Signature bonuses, AIICO Capital…

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Skyway Aviation Hits 52-Week High after Impressive Earnings Growth

Analysis

Skyway Aviation Hits 52-Week High after Impressive Earnings Growth Skyway Aviation Handling Company Plc hit 52-week high on the Nigerian Exchange (NGX) as the share gained 10% after impressive earnings performance. In the equities market, investors increased stakes in Skyway Aviation as the company reported its profit grew to N4.638 billion at the end of 9-month of financial year 2024. Its share price rose to N27.5 at the end of trading session on Friday from N25 at the beginning of the week—with just one day of rally. This lifted its market valuation to N37.223 billion, spread over its 1,353 shares…

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