- Iran Proposes 7-day Plan to Reopen Strait of Hormuz
- Ethereum Price Drops on Rising U.S. Treasury Yields
- Crude Oil Prices Decline, Brent Hovers Below $106
- South African Rand Weakens after Reserve Bank Hikes Repo Rate
- U.S., European Equities Markets Stifle on Weak Risk Asset Bets
- XRP Rises on Spot ETF Accumulation, Inches Near Target Price
- Bitcoin Hovers at $84k as Morgan Stanley Boosts Holdings
- Nigeria Records Gains Against Illicit Finance, Asset Recovery – CISLAC
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.
Equities Investors Lose N317.5bn over Selloffs in Caverton, Aradel Equities investors lost more than N317.5 billion on the Nigerian Exchange (NGX) trading platform as sell pressure extend to Monday. The equities market opened the new week on a downward trajectory, as key performance indicators plunged by 0.54%. The market index or the Nigerian Exchange All-Share Index dropped by 524.04 basis points in today’s trading session to close at 96,907.98. Last week, the local bourse bled deeply, lost N1.22 trillion due to 5-day bearish trading sessions. Continuing the negative momentum from last Friday, the market experienced sell-offs in several medium and…
18 Vessels to Berth at Lagos Ports -NPA The Nigerian Ports Authority (NPA) on Monday said no fewer than 18 ships were expected to berth at the Lagos ports between November 4 and 24. The NPA, in its “Daily Shipping Position’’, said two of the expected vessels would berth with diesel. It stated that another three vessels would berth with general cargoes while two vessels each would berth with containers carrying different goods and bulk wheat. “The remaining nine vessels would berth with bulk gas, bulk fertilizer, diplomatic petrol, bulk salt, bulk sugar, bulk oil, feed corn, and fresh fish.…
Coca-Cola Beverages Africa has invested $50 million in a new bottling line in Namibia, capable of producing 27,000 bottles per hour.
The Nigerian Exchange (NGX) has lifted the trading suspension that was placed on shares of Oando Energy Plc following compliance with the publication of its 2023 audited financial statement.
Oil prices are trading stronger during early hours on Monday with price of Brent up by about 1.5% following the Organisation of Exporting Countries ….
Reps to Probe $2bn Renewable Energy Grants The House of Representatives Committee on Renewable Energy says it will investigate the usage of $2 billion renewable energy grants to the country. The Chairman of the Committee, Rep. Victor Afam (LP-Anambra), said in a statement issued on Sunday in Abuja. He said that the public hearing, scheduled for Tuesday, Nov. 5, and Wednesday, Nov. 6, will cover the period from 2015 to 2024. The rep alleged that investments meant for the development of the renewable energy sector in Nigeria had not made a commensurate impact on the energy security challenges of the…
The total assets of Nigeria’s top 5 banks surged by more than 55% year to date to settle at N146.34 trillion
The combined market value of Nigerian Tier-1 banks increased by more than N40 billion week on week, according to data tracked by MarketForces Africa.
Caverton Offshore Support Group Plc lost 20% of its market value in the stock market due to a strong selling rally by an army of unimpressed investors.
The Nigeria’s Eurobond market was heated up with selloffs from foreign portfolio investors (FPIs) seeking alpha on international debt securities.