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.

US Dollar Mixed on Powell’s Rate Cut Signal

MarketNews

US Dollar Mixed on Powell’s Rate Cut Signal The US dollar was mixed against its major trading partners early Monday as markets now turn their attention to the usual end-of-month data releases before the long holiday weekend. The dollar strengthened against the euro and pound, but the greenback dropped against the yen and Canadian dollar in the foreign exchange market on Monday. Analysts said last week the market seems to be in the mood to sell US dollars as the index wobble in the past week. Fuel for that dollar selling could be some benchmark revisions to US job numbers,…

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Oil Hits $80 Amidst Escalating Tensions in Middle East

Uncategorized

Oil Hits $80 Amidst Escalating Tensions in Middle East Oil prices jumped near $80 per barrel in the global commodities market following a major clash between Hezbollah and Israel over the weekend. On the positive side, U.S. Fed interest rate cuts lifted the demand outlook even with downside demand pressure relating to weak data in China. Brent crude rose by 2.6% to $80.20 a barrel, breaking above $80 a barrel for the first time since mid-August, while US WTI increased by 3.2% to $77.18 a barrel at last look early Monday. The Israeli – Hezbollah latest clash raised fears that…

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FBN Holdings Cancels Annual Shareholders Meeting Again

MarketNews

FBN Holdings Cancels Annual Shareholders Meeting Again FBN Holdings (FBNH) Plc, a group that warehouses First Bank of Nigeria (FBN) Limited, has cancelled its annual shareholders meeting again. In a regulatory filing submitted to the regulator on Monday, the financial services group told the Nigerian Exchange that the annual general meetings of the members of FBN Holdings Plc that was fixed to take place on August 22, and then rescheduled to September 3, 2024 has been cancelled. MarketForces Africa reported that a disgruntled shareholder had asked the court to stop the annual general meeting in the midst of an ongoing…

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United Capital Rises by 27% as Employees Buy More Shares

Analysis

United Capital Rises by 27% as Employees Buy More Shares United Capital Plc (Ticker: UCAP) rose by about 27% in the equities market last week as demand for the investment firm increased.  Data from the Nigerian Exchange (NGX) showed the United Capital Plc share price rose to N19.75 in the equities market from N15.6 per share at the beginning of the week. The investment banking firm’s popularity caused the market to increase its market value by 26.6% week on week to N355.50 billion. In its regulatory filing, the company told the Nigerian Exchange about its directors dealing with its shares.…

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