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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.
FCMB Group Plc has lauded key financial regulators, as well as the Nigerian Exchange Group (NGX Group) following the successful completion of the initial
Unity Bank Projects N27b in Q4 Earnings, Targets N4b Profit Unity Bank Plc has projected gross earnings of N27 billion and a profit after tax of N4 billion in Q4, 2024, in its latest earnings forecast released to the Nigerian Exchange Group. Although the projected gross earnings represent a marginal increase from the N26 billion projected for Q3 2024, the lender continues to maintain a profitable outlook, with pre-tax profit expected at N4.2 billion. An analysis of the earnings forecast shows that the lender also expects interest income to rise from N23 billion to N24.5 billion, with net revenue expected…
NUPRC Secures over N60bn, $100m for Host Community Development The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has successfully secured over N60 billion and 100 million dollars for the oil and gas host community development trust fund. Gbenga Komolafe, Commission Chief Executive of NUPRC, disclosed this during the inauguration of the Body of Neutrals at the Upstream Alternative Dispute Resolution (ADR) Centre in Lagos. Komolafe emphasised the commission’s ongoing efforts to effectively implement the Petroleum Industry Act’s robust provisions. He said that the funds were intended to add value to host communities and facilitate a conducive operating environment for…
The Bauchi State Emergency Management Agency (SEMA), has said that more than N7.81 billion farmlands and properties were destroyed to flooding in 16 local
Linkage Assurance Forecasts N3.8bn Insurance Revenue in Q4 Linkage Assurance Plc has forecasted insurance revenue to reach about N3.8 billion in the fourth quarter of 2024, details from its regulatory filing show. The Insurance Company revealed in its earnings forecast that profit after tax will rest at N103 million in the final quarter of 2024 as a result heavy cost load on its operations. Insurance service expense is expected to consume more than 64% of Linkage Assurance revenue in the last quarter of the year. Also, the allocation of reinsurance premiums is expected to gulp about N1.43 billion in the…
China’s Deflation Crisis Puts Global Markets at Risk As China faces growing economic challenges, global investors are being urged by one of the world’s largest independent financial advisory and asset management organisations to reassess their strategies in light of increasing deflationary pressures in the world’s second-largest economy. The message from Nigel Green, the CEO of deVere Group, comes as recent data from the National Bureau of Statistics indicates that China’s industrial producer prices fell by 1.8% year-on-year in August, marking the steepest decline in four months. This decline comes on the back of weakening sectors such as steel and agriculture…
Coach Augustine Eguavoen says his squad “is on a momentum” as they prepare for Tuesday’s 2025 Africa Cup of Nations (AFCON) qualifying match against Rwanda
Portugal substitute Cristiano Ronaldo struck a late winner as his side came from a goal down to beat Scotland 2-1 and continue their strong start to the Nations
Oil Under Intense Pressure, Saudi Cuts Price Oil prices came under intense pressure in the global commodities market due to an imbalance between demand and supply sides. Brent fell towards US$71 per barrel last week. ICE Brent settled 2.24% lower on Friday, leaving it just above US$71 per barrel. Demand weakness and a soft oil balance in 2025 are still clearly a concern. While OPEC+ cuts leave the market a bit tighter for the remainder of this year, this doesn’t resolve the surplus that is expected next year. However, prices are trading stronger in early morning trading today. Saudi Arabia…
FCMB’s Market Value Steady as Public Offers Close The market valuation of FCMB Plc, a Tier-2 banking group, on the Nigerian Exchange (NGX) steadied following the successful conclusion of public offers last week. The financial services group ordinary shares offer for subscription ended on Wednesday, and the same day there was demand on the floor of the Nigerian Exchange. This nudged FCMB’s share price higher by 50 kobo in the equities market on Wednesay. Details showed that the banking group share price closed at N7.7 per share. As a result, the market placed N152.480 billion on FCMB Plc’s 19,802,710,754 shares…