- Nigeria Money Market Braces for ₦800bn Treasury Bills Auction
- Excess Liquidity in Banking System Rises to N6.94trn, Rates Mixed
- Fitch Affirms Ireland at ‘AA’ Rating with Stable Outlook
- DMO Raises N2trn from Bonds to Fund Nigeria’s Budget Deficit
- XRP Rises as Investors in Korean Markets Bet on Altcoins
- NVIDIA Tokenised Stock Rises on Fresh Buying Momentum
- Naira Depreciates to N1,361 Ahead of Pre-Election FX Demand
- Dangote Cement Hits N18trn Market Cap. Ahead of London Listing
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.
Corporate Governance is Key to Telecom Industry’s Success The Nigerian Communications Commission (NCC) has emphasized the importance of corporate governance in the telecom industry’s success and sustainability. According to Dr. Aminu Maida, Executive Vice Chairman of the NCC, corporate governance is no longer just a regulatory requirement but the foundation of the industry’s success and sustainability ¹. Dr. Maida highlighted the remarkable growth of Nigeria’s telecom industry and its significant contribution to the country’s Gross Domestic Product (GDP). He emphasized that good governance is essential for corporate success, as companies in the sector face rising regulatory, environmental, and societal pressures.…
The naira rose against the US dollar at the Nigerian autonomous foreign exchange market (NAFEM) ahead of Blomberg BMatch FX implementation.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) at the end of a two-day policy meeting hiked the benchmark interest rate to 27.50%
FG Partners MIKTA Group to Bolster Nigerian Economy The Federal Government says it will continue to work closely with Mexico, Indonesia, the Republic of Korea, Turkey, and Australia (MIKTA) to bolster the Nigerian economy. MIKTA, also known as the Middle Powers or Great Nations, came into being in 2013 as a group of countries coming together to foster mutual growth and tackle global challenges through shared experiences. The Minister of Foreign Affairs, Amb. Yusuf Tuggar, represented by Amb. Janet Olisa, the Director in Charge of Regions in the ministry, disclosed this during the MIKTA Roundtable presentations on Monday in Abuja,…
The average yield on Nigerian Treasury bills dipped by 5 basis points in the secondary market to close at about 24.2%.
The Securities and Exchange Commission (SEC) says more than N2.7 trillion has been raised in the capital market by Nigerian deposit money banks and other companies.
NCC Simplifies Telecom Tarrif Plans to Reduce Consumer Confusion The Nigerian Communications Commission (NCC) has introduced a new initiative to limit telecom operators to a maximum of seven tariff plans each. This move aims to reduce consumer confusion and promote transparency in the telecommunications sector. The NCC believes that a simplified system will empower consumers to make informed decisions about their telecommunications services. The commission has also launched awareness campaigns to educate users on managing data usage and published approved tariff plans on its website for transparency. According to the NCC, the current tariff structure, with multiple promotions and add-ons,…
This week, the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) is anticipated to raise the benchmark interest rate by 50 basis points to 27.75%,
NDIC Reassures Heritage Bank Depositors of Prompt Payment The Nigeria Deposit Insurance Corporation (NDIC) has assured depositors of the defunct Heritage Bank that challenges delaying access to guaranteed sums above N5 million are being resolved. Mr Bello Hassan, Managing Director, NDIC, gave the reassurance on Saturday during the 2024 edition of the NDIC Editors Forum in Lagos. The theme of the conference is: “Strengthening Nigeria’s Financial Safety-Net: The Role of Deposit Insurance”. Hassan, represented by NDIC’s Executive Director, Operations, Mr Mustapha Ibrahim, said the corporation was working diligently to facilitate payments. Hassan explained that depositors with amounts above the maximum…
Atletico Leave it Late to Beat Alaves in Simeone’s 700th Game Diego Simeone’s 700th game in charge of Atletico Madrid ended in a late 2-1 win over Deportivo Alaves in LaLiga on Saturday. This was after Alexander Sorloth rescued the home side with an 86th-minute winner at the Metropolitano Stadium. Alaves took an early lead from the penalty spot but Antoine Griezmann equalised in the 76th minute with a spot kick of their own. This was before second-half substitute Sorloth bagged his fifth goal of the season to seal all three points. Atletico provisionally moved up to second in LaLiga,…