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.

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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Nigerian Bond Yield Falls Below 19% as Market Rallies

MarketNews

Nigerian Bond Yield Falls Below 19% as Market Rallies The benchmark yield on the Federal Government of Nigeria (FGN) bond dipped below 19% in the secondary market due to increased demand by local investors following a better economic performance in the second quarter of the year. Data showed that Nigeria’s gross domestic profit rose by 3.19% at the same time when the nation experience first disinflation. Economic reform would put Nigeria on a map for growth, analysts said, noting that negative naira fluctuation remains the elephant in the room. Consumer price index has been projected, by market consensus, to decline…

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