- 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.
Aradel Holdings Plc has seen a significant decline in its market value on the Nigerian Exchange (NGX) barely a month after it listed shares in the equities market Why is a company with huge earnings potential falling?
Severe inflationary pressures caused an intensification of the downturn in the Nigerian private sector at the start of the final quarter of the year, according to Stanbic IBTC purchasing manager index released by S&P Global.
The dual listed Oando Energy Plc has returned to profitability with N60.3 billion in net income, according to its audited financial
The Nigerian naira recovered from the US dollar and other foreign currency demand invasions in the just concluded week…
Ruben Amorim has been confirmed as Manchester United’s new head coach and will take charge of the Premier League club on Nov. 11. Erik ten Hag was sacked on Monday following Sunday’s loss at West Ham continued.
IPMAN: Dangote Sets the Record Straight The Dangote Petroleum Refinery wishes to clarify that it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. Although discussions are ongoing with IPMAN, it is misleading to suggest that they (IPMAN Members) are experiencing difficulties loading refined products from our Petroleum Refinery, as we currently have no direct business dealings with them. Consequently, we cannot be held responsible for any payments made to other entities. The payment in mention has been made through the Nigerian National Petroleum Company Limited (NNPCL), and not us.…
Oil prices rose on Friday following reports that Iran is preparing to attack Israel from Iraqi territory in the coming days. The lingering uncertainties due to geopolitical tensions keep increasing supply risks, though there is also downside to global demand due to Chinese lower imports.
In Nigeria’s sovereign Eurobonds market, sell pressure across the short, mid, and long end of the yield curve nudged the average yield…
GTCO Market Value Hits N1.58trn after Earnings Beat GTCO Plc has started clinging near its 52 week high after the financial services company’s earnings performance in the third quarter of 2024. The banking stock price climbed to N53.7 on the Nigerian Exchange trading platform, reflecting investors’ confidence on its earnings prospects and dividend expectations. GTCO market capitalisation surged to N1.58 trillion, making the orange branded financial services group the most valuable banking stock in the market. With the latest rally, the stock had breached N53.95 which was its initial highest price, and surged to N54.50. At the current market price,…
Fidelity Bank Grows Profit by 145% to N225 billion Fidelity Bank PLC grew profit after tax by 145% year on year to about N225 billion in 12 months, details from the tier-2 lender’s unaudited financial statement for the period ending Sept showed. Details from its financial statement showed that gross earnings surged by 101.5% year on year to settle at N802.4 billion from N398.3 billion in the equivalent period in 2023. The significant spike in topline performance was spurred by increased income from interest yielding assets and non-interest related revenue. Reflecting high interest rate environment, Fidelity Bank reported a 117,3%…