- 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 Securities and Exchange Commission (SEC) says Nigeria has emerged as a key player in crypto markets, particularly in peer-to-peer transactions.
Dele Oye, National President of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA)…
Equities investors gained more than N107 billion on the Nigerian Exchange (NGX) trading platform due to renewed interest in banking
Heirs Insurance Group (HIG), bolstered earnings performance in 2023 with about a 60% year-on-year surge in its gross written premium over 12 months.
Fitch Ratings affirmed Rwanda’s credit ratings with a stable outlook,
TotalEnergies Expands Angola Operations with $6bn Deepwater Project TotalEnergies is driving new upstream programs in Angola – from offshore exploration to infill drilling to Greenfield projects – as outlined by Martin Deffontaines, Managing Director of TotalEnergies Angola during the Angola Oil & Gas conference & exhibition. In an on-stage interview with Verner Ayukegba, Senior Vice President of the African Energy Chamber, Deffontaines discussed the company’s Kaminho Deepwater Development, which secured a $6-billion FID in May this year. The project represents the first very large deepwater development in the Kwanza Basin and aims to develop the Cameia and Golfinho fields, with…
The Central Bank of Nigeria (CBN) says it sold US$543.5 million to authorised dealer local deposit money banks
The Katsina State Government says it has generated N2.024 billion as Internal Generated Revenue (IGR) in Sept.
The Federal Government (FG) has set up a committee to investigate the taxation and operational disputes…
CBN Announces E-Forex Matching System to Curb Speculation The Central Bank of Nigeria (CBN), has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement issued by Omolara Duke, the Director, Financial Markets Department, the EFEMS will be implemented latest by Dec.1. Duke said that the new system was expected to enhance governance, transparency, and facilitate a market driven exchange rate that would be accessible to the public. “This development is expected to reduce speculative activities, eliminate market distortions, and give the CBN…