- BUA Cement Grows Profit by 80% in H1-2026
- Nigerian Naira Rallies, Official Exchange Rate Closes at N1367
- NGX Nears N160trn on New Shares Listing, Banks Stocks Rally
- XRP Price Drops as CLARITY Act Splits U.S. SEC, CFTC Oversight
- Oil Prices Race Past $100 as Global Energy Crisis Deepens
- AfDB Approves $400m Loan for South Africa’s Municipal Utility Reforms
- Nigerian Naira Firms Up Against USD, EUR, GBP – NFEM FX Turnover Dips
- South African Rand Firms Up, Markets Price In SARB Rate Hike
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.
Airtel Africa has announced the commencement of a second share buyback programme that will return up to $100 million to shareholders.
Transcorp Hotels Hits 52-Week High Ahead of CEO Exit Transcorp Hotels Plc market value hit a new 52-week high in the equities segment of the Nigerian Exchange (NGX) in the just concluded week ahead of its leadership change. The hospitality company’s share price inched higher to N116 in the equities market on Friday, gaining 9.4% over the last five trading sessions from the opening price of N106. Its share price has been flattish over the recent past weeks ahead of the fourth quarter of the financial year 2024 earnings announcements. For some alpha seekers, the right time to make strategic…
Bitcoin, Ethereum, and some other cryptocurrencies prices rebounded in the cryptocurrencies markets after massive sell pressure caused by retail investors profit-taking. However, the renewed interest in major cryptocurrencies assets lifted market capitalisation of all digital coins higher, weekend data showed.
The Central Bank of Nigeria (CBN) has opened a temporary window that allows Bureau de Change (BDC) operators access to stock up US dollars at an official or Nigerian Foreign Exchange Market rate to meet seasonal demand.
Equities investors lost more than N72 billion as selloffs halted eight days of gaining streaks on the Nigerian Exchange on Friday. Trading session ended negative due to profit-taking activities on Aradel Holdings, halting an eight-day rally.
Bitcoin’s huge loss dragged global crypto market capitalisation downward by about 11% in 24 hours as euphoria over Donald Trump’s election win
As banks sold their holdings to satisfy funding demand, the average yield on Nigerian Treasury bills increased to 25.64% in the secondary market.
Equities investors saw about N259 billion gain in the equities market as oil stocks attracted attention.
Jaiz Bank Plc has achieved new capital based required by the Central Bank with successful completion of a N10.04 billion private placement.
GTCO, OANDO, and Guinness Plc have pushed the Nigerian Exchange (NGX) all-share index higher during the intraday trading session in the local bourse.