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.

Fuel to Hit Stations in 48hrs –Dangote

News

Fuel to Hit Stations in 48hrs –Dangote Aliko Dangote, on Tuesday, spoke on pricing for petrol produced at his 650,000 barrels per day facility. The refinery owner said as soon as his company finalizes modalities with the Nigerian National Petroleum Company Limited (NNPCL), the product will hit the market. “Our PMS (Premium Motor Spirit) can be in filling stations within the next 48 hours, depending on NNPCL,” he said. Asked to speak on the pricing of petrol from his refinery, Dangote said, “It is an arrangement which is designed and approved by the Federal Executive Council led by His Excellency,…

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Oil Prices Diverge Amidst Demand, Supply Imbalance

MarketNews

Oil Prices Diverge Amidst Demand, Supply Imbalance Oil prices are trading on a mixed note in the market over concerns surrounding global demand and worsening supply disruptions in Libya. China, the largest crude oil consumer, has also seen not enough demand as a result of economic pressures. China’s purchasing manager index (PMI) fell to a six-month low in August, fueling concerns over the top crude importer’s demand outlook. The country’s PMI decreased by 0.3 points to 49.1 in August 2024 as the economic activity in the manufacturing industry in China continued its contraction the previous 3 months in August. Meanwhile,…

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Oando Hits N1trn in Market Value as Group Addresses OVH Issue

Analysis

Oando Hits N1trn in Market Value as Group Addresses OVH Issue Oando Plc has joined the big players on the Nigerian Exchange with more than N1 trillion in market valuation. The energy company has seen successive price surges in the equities market as its acquisition tastes continue to attract buying interest.  According to data from the Nigerian Exchange, the energy company share price rose to N84.55 on Monday from its opening price of N76.9, gaining 9.95% on the day, The price surge increased its market value to N1.051 trillion, which is the indigenous energy company’s all-time high (ATH) on the…

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UBA Rises by 6.5% on Huge Trade Volume Ahead of Earnings

Analysis

UBA Rises by 6.5% on Huge Trade Volume Ahead of Earnings UBA Plc gained traction on the floor of the Nigerian Exchange (NGX) following significant share volume that exchanged hands in the local bourse. The huge buying interest was driven by improved sentiment in the local bourse. Investors are expecting interim dividend payments by the banking group after the release of earnings results in couple of days, weeks. According to data from the domestic bourse, UBA became expensive after its popularity among investors pushed the Pan African lender share price higher by 6.54% to N24.45 from N22.95. Analysts raised UBA’s…

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