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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.
Nigeria’s Bonds Yields Steady on Quiet Trading The average benchmark yield on Nigerian government bonds steadied in the secondary market due to inactivity. The local bond market experienced a lacklustre session, with minimal trading activity observed in the mid- and long-dated securities ahead of inflation data. The statistics office would release inflation figure for Nov in a couple of days, with market expectations revealing a further uptick. Nigeria’s inflation rate accelerated to 33.88% after two times of disinflation, which was upturned by an increase in the price of petroleum in the second half of the year. Yields on FGN bonds…
Geregu Power Plc has forecasted to achieve a net profit margin of 18.6% in the first quarter of the financial year 2025
Nigeria’s government revenue target underperformed by more than 35% in the first eight months of fiscal year 2024, according to a macro note from Afrinvest Limited.
The Nigerian naira has continued to win this week against the US dollar doninance on an electronic trading platform—Bloomberg BMatch—introduced on Monday.
Sell pressure on Nigerian banks, FCMB and FBN Holdings Plc, or FBNH, has dragged the equities market index downward.
The discount rate on Nigerian Treasury bills reduced in the primary market conducted by the Debt Management Office
Global Cryptos Market Cap Nears $3.6 Trillion on Fresh Rally The momentum in the cryptocurrency market increased further on Wednesday as retail investors put bets on top major assets. Bitcoin (BTC-USD) and Ethereum (ETH-USD) reclaimed their lost positions on the back of positive price movement as the investment environment heated up ahead of Yuletide. Orange coin is about $97,000 during early trading hours on Wednesday, up by 1.677%, while Ether has reached $3,722 at the same time, up by more than 3% in the last 24 hours According to data from the CoinMarketcap.com, the global crypto market capitalisation advanced father…
The naira exchange rates mixed as Nigeria’s $2.2 billion Eurobonds raised boosted market confidence.
Banks Release Updates on Unused Savings Accounts Nigerian deposit money banks (DMBs) have started to inform their customers that unused savings accounts for periods of 12 months will be classified as dormant, as ordered by the regulator – the Central Bank. In their separate notices, banks said, in line with the directive from the Central Bank of Nigeria (CBN), savings accounts that have not been used for a specified period will now be classified as inactive or dormant. Bankers said this means that accounts with no transactions for 6 months will be marked as inactive. However, if inactivity continues, such…
A strong demand for Lafarge Africa, FBN Holdings, and other banking names has nudged the equities market index