- 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
- Software Stocks Drag Wall Street, FTSE 100, Euro Stoxx 50 Rally
- Nigeria to Narrow Trade Imbalance with China, Leverage Zero-Tariff Policy
- Casino companies have cracked the code on making money from boredom
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.
Nigeria’s Eurobonds Yield Rises 7bps after U.S Inflation Jumps Average yield on Nigerian Eurobond rose by 7 basis points (bpd) as foreign portfolio investors trimmed down their interest in the international market trading platform as sentiments wane. The portfolio rebalancing started after U.S. inflation surged by 20 basis points to 2.6% in October, sending a mixed signal on Federal Reserve rate cut outlook. In Nigeria’s sovereign Eurobonds segment, the market saw increased sell pressure across the short, mid, and long ends of the yield curve. The trading pattern laced with riskoff sentiment and other market-related uncertainties pushed the average yield…
The naira exchange rate improved in the foreign exchange (FX) market midweek due to improve US dollar liquidity. According to spot data from the FMDQ platform, the naira appreciated by 2.63%, closing at ₦1,645.40 per US dollar at the official market.
NGX Sees Intraday Gain Banking, Oil Stocks Rally The Nigerian Exchange (NGX) trending positively as buy side equities investors take over trading session on Wednesday. The local bourse has shown sign of gaining, reversing riskoff sentiment seen in the previous day. The market index has climbed by 14 basis points at the time of writing. Stock analysts said this may not be sufficient to calm the negative tempest down but provides a buffer for a positive close on the day. Oando Plc that has been on loss making streak is trading positive and market gain is also supported by positive…
Bitcoin price is back to $88,000 ahead of US consumer price index data today, from $90,000. As a result of this, the global crypto
Bank of Zambia has raised its benchmark lending rate by 50 basis points to 14.00% in a decision announced on Wednesday.
The average yield on Nigerian Treasury bills dipped slightly in the secondary market due to increased demand for naira assets, restricted by tight liquidity which capped trading actions.
The Minister of Finance and Coordinating Minister of the Economy, Mr Wale Edun, says the Federal Government of Nigeria (FG) will soon begin payment of pension backlog.
Telecommunications giant, MTN Nigeria, has enlightened some Ministries, Departments and Agencies (MDAs) of government on benefits of digital advertising, its numerous possibilities for businesses within the public sector.
Neimeth Names Patricia Aderibigbe Independent Non-Executive Director The Board of Directors of Neimeth International Pharmaceuticals Plc. announces the appointment of Ms. Patricia Aderibigbe and Mr. Adeyemi Odusanya as Independent Non-Executive Directors of the Company, effective 29th October 2024. In a regulatory filing on the Nigerian Exchange, Neimeth said Ms. Patricia Aderibigbe is a visionary and dynamic Executive with over 2 decades of outstanding track record in translating organization-wide strategies and objectives into measurable talent strategies. The company explained that Aderibigbe began her professional career functioning in various roles in HR in companies such as Tarmac Services Limited and London Borough…
Seplat Energy to Use N1681 for Naira Dividend Payment Seplat Energy Plc has announced decision to use exchange rate of N1681 for its interim dividend payment to Nigerian shareholders. A significant growth in tax expenses eclipsed the Seplat performance in Q3 and cause profit after tax to drop by about 56% year on year to $35.254 million. Still, Seplat Energy increased its quarterly dividend by 20.0% to 3.6 cents per share from Q3’24, backed by an 11% increase in cash to $433.9 million. In its regulatory filing, the Nigerian independent energy company listed on both the Nigerian Exchange Limited and…