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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.
US 10-Year Treasury Yield Sinks to 15-Month Low The yield on the US 10-year Treasury note fell below the 3.75% threshold on Thursday, it’s lowest in nearly 15 months, as an increasingly pessimistic economic backdrop consolidated bets of a large magnitude of rate cuts by the Fed this year. The yield on the 2-year Treasury fell 5.1 basis points to 3.718%, from 3.769% on Wednesday. Wednesday’s closing level was the lowest since May 4, 2023.The yield on the 10-year Treasury dropped 3.8 basis points to 3.730%, from 3.768% on Wednesday. Wednesday’s closing level was the lowest since July 19, 2023.The…
Some football fans have applauded Nigeria’s sensational striker, Victor Osimhen securing a move to Galatasaray Football club in Turkey.
President Bola Tinubu says the Forum on China-Africa Cooperation (FOCAC) has been instrumental to the flourishing economic partnership and trade between Africa
The crude oil market remained in the grip of bearish investors as demand concerns overshadow efforts by the Organization of the Petroleum Exporting Countries to
Nigeria’s Eurobond Yield Rises to 10% as Selloffs Persist Nigeria’s US dollar bond or Eurobond yield climbed above 10% due to the latest selling rally in the international capital market. Investors sold down their interest ahead of the US Fed rate cut this month. The risk off sentiment was seen across the short, belly, and long end of the curve. Nigeria is still suffering an acute FX shortage, which has plunged the value of the local currency to an all time high. Benchmark U.S. government bond yields were hovering near a 14-month low on Thursday as traders awaited jobs data…
The Crude Oil Refinery-owners Association of Nigeria (CORAN) says the commencement of production of Premium Motor Spirit (PMS) by Dangote Refinery has
The Minority Caucus of the House of Representatives has condemned the recent increase in the price of petrol by the Nigerian National Petroleum Corporation
Benchmark Yield on Nigerian Bond Declines to 18.75% The average yield on the Federal Government of Nigeria (FGN) bond shed two basis points again in the secondary market. The yield contrasted as investors continued to ramp up naira assets in the secondary market. The buying momentum in the local bond market happened as investors expected the authority to tighten supply at the primary market. A decline in headline inflation also boosted increased demand for bonds in the market. The latest disinflation experience has effectively reduced negative interest yield or real return earned by fixed interest securities investors in the debt…
The Abuja Chamber of Commerce and Industry (ACCI) is collaborating with the African Export-Import Bank (Afrexim Bank) to foster agricultural innovation
Two-time runners-up, Nigeria’s under-20 women football team, the Falconets, on Thursday lost 1-3 to Germany in their second Group D match at the ongoing