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.

Dangote Refinery Approves 32 Channels for IPO Subscription Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintech firms, mobile network operators, and investment platforms to handle share subscriptions. The company disclosed this on Thursday on its official Initial Public Offering (IPO) website ahead of the opening of its public offer. It said the approved channels comprised 19 banks, 10 fintech companies, two mobile network operators and NGX Invest. The company urged prospective investors to subscribe for the shares only through the approved channels. It warned investors against using platforms not officially approved for the offer. “Only subscribe through…

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South African Rand Steadies After Disappointing GDP Data The South African Rand (ZAR) steadied on Thursday as investors shrugged off disappointing gross domestic product (GDP) recorded for the second quarter of 2026. Markets opened to weaker-than-expected economic data on Wednesday, with the country’s gross domestic product contracting 0.2% amid a global energy crisis and inflation pressure. The local unit was trading at R16.05 to the dollar, First National Bank (FNB) said in a brief, remaining relatively stable as investors shrugged off the soft economic print that saw GDP growth contract in 2Q26 and shifted focus to upcoming domestic mining and…

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