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.

Moniepoint Secures $110m Equity Finance to Boost Digital Payments

Fintech

Moniepoint Secures $110m Equity Finance to Boost Digital Payments Moniepoint Inc., a financial institution, has secured $110 million in equity financing to expand its digital payments and banking solutions across the continent. The Group Chief Executive Officer of Moniepoint, Mr Tosin Eniolorunda, said this in a statement on Tuesday in Lagos. Eniolorunda said the series C funding round was led by the Development Partners International’s African Development Partners III fund, with participation from Google’s Africa Investment Fund, Verod Capital, and existing investor Lightrock. He said the funding would enable Moniepoint to accelerate its growth across Africa, building an all-in-one, seamlessly…

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Crude Oil Prices Rebound After Aggressive Selloffs

News

The oil market rebounded on Tuesday following a strong bearish trend that plunged crude prices lower on Monday following Israel’s retaliatory attack on Iran at the weekend. While it is still not clear if and how Iran will retaliate, the market is clearly of the view that supply risks have eased for now, ING said in a note.

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Nigeria’s US Dollar Bonds Yield Rises to 9.60% over Selloffs

Financial Market

Nigeria’s US Dollar Bonds Yield Rises to 9.60% over Selloffs Nigerian US dollar bonds yield rose slightly to 9.60% due to the latest selloffs by foreign portfolio investors conducting trades in the Eurobonds market. The uncertainties in the local economy and rising debts reduced appetite for Nigeria’s sovereign Eurobond, including expectation that inflation would continue to make an uptrend for the rest of the year. After two months of deceleration, Nigeria’s inflation reversed trend in Sept due to increased energy costs in the economy. The authority is also asking World Bank to disburse $750 million which was part of broader…

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Naira Plunges to N1670 after FX Auction to Banks

News

Naira Plunges to N1670 after FX Auction to Banks The naira sank deep in the foreign exchange market in the absence of a sustained FX intervention by the Apex Bank. In the foreign exchange market, the Naira fell by 4.42%, closing at ₦1,670.65 per dollar at the official market, according to data from the FMDQ platform. The naira had appreciated significantly to N1600 per US dollar on Friday due to three times FX auctions to authorised dealer banks totaling $148 million. Signaling sustained pressure in the forex market, the exchange rate worsened on Monday in the currency market. Analysts said…

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