- 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
- Industrial Court to Hear Suit Against Premium Pension Limited
- GCR Upgrades Rand Merchant Bank Nigeria Rating to AA
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.
In the forex market, the shortage of US dollars continues to keep the naira exchange rate at an edge.
Equities investors gained about N80 billion on the Nigerian Exchange (NGX) as banking stocks dominate traders buying buckets.
With expectation of a slowdown in bond supply, investors ramped up the Federal Government of Nigeria (FGN) in the secondary market ahead of the auction on Monday.
Nigeria’s top investment banking firm, CardinalStone Limited, has slashed Airtel Africa’s 12-month price target amidst expectation that the telecom company will return to profitability in the financial year 2024/2025.
Fidson Healthcare Plc’s market valuation increased by about 22% in the equities market after the pharmaceutical company announced strategic deals it closed with three Chinese firms.
Nigerian Big Balance Sheet Banks Rise by N145bn to N5.079Trn A strong buy side activities in the equities market lifted the combined market value of the Nigerian top 5 banks to N5.079 trillion, MarketForces Africa reports. The market is pricing these five banks for an amount equivalent to about $3.3 billion at the latest official exchange rate. Details obtained from the Nigerian bourse revealed that all the tier-1 lenders recorded positive price movements in the local bourse as investors sentiment on banking names improved. Value hunters, and alpha seekers on the Nigerian Exchange increased positioning in growth stocks; boosted Nigerian…
Caverton Offshore Support Group topped performers on the Nigerian Exchange with more than 45% positive price appreciation…
The market value of Fidelity Bank Plc rose by more than 24% week on week as investors accumulated the tier-1 lender shares.
Uncertainties Keep Ethiopia at Edge Amidst Debt Shakeup Ethiopia’s economic growth expectation remains under threat due to a series of macroeconomic pressures facing the country even after the International Monetary Fund (IMF) extended a helping hand. Fiscal performance remains weak with negative impacts on government spending. Low revenue generation had resulted in borrowing until an external borrowing window was locked against Ethiopia due to a high interest rate in the global market and blockage due to payment default. With a subtle currency crisis, inflation, and unemployment rate, the government has been working tirelessly to push the country’s economic pole to…
The Federal Government (FG) has signed a Memorandum of Understanding (MoU) with the Russian firm, Tyazhpromexport (TPE), the original builders of the Ajaokuta Steel Plant