- 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.
Oil prices rose on Thursday during early trading hours in the global commodities market amidst lingering demand and supply risks.
Food Prices Increase Further in Nigeria –Statistic Office The National Bureau of Statistics (NBS) reports that prices of essential food items, including beans, eggs, bread, rice, and tomatoes, experienced significant increases in September 2024. The NBS said this in its Selected Food Prices Watch report for September 2024 released in Abuja on Wednesday. The report said that the average price of 1kg of brown beans increased by 281.97 per cent from N716.97 recorded in September 2023 to N2,738.59 in September 2024. “On a month-on-month basis, 1kg of brown beans increased by 6.37 per cent in September from the N2,574.63 recorded…
Aradel Holdings market value fell by about 10% to N562.90 in the equities market as investors’ appetite for the oil stock….
The market value of Oando Energy Plc has crossed N1 trillion mark again due to the latest rally on the oil stock on the Nigerian Exchange trading platform. T
Interbank rates heated up due to sustained weakness in the liquidity balance in the financial markets.
MTN Will Shut Down Without Tariff Hike, CEO Says Telecommunications giant MTN Nigeria PLC has raised alarms over a potential shutdown if tariffs are not increased to address rising operational costs. The company’s Chief Executive Officer, Karl Toriola, issued this warning during a tour of MTN’s facilities by Fellows of the Media Innovation Programme in Ibeju-Lekki, Lagos. Toriola highlighted that the telecommunications sector is facing severe financial strain, especially from escalating diesel prices required to power base transceiver stations. “There should be no delusion; if the tariff doesn’t go up, we will shut down,” he said, underscoring the urgency of…
The global crypto market cap sank by 0.15% to settle at $2.32 trillion in the latest soft pricing of digital assets.
Seplat Energy Plc market value increased by about 10% as the approval of the ExxonMobil deal boosted equities investors’ sentiments on the Nigerian Exchange (NGX) trading platform on Monday.
Consumer goods company, Unilever Nigeria Plc, profit grew by more than 559% year on year to N11 billion
Dangote Refinery Asks Court to Nullify NNPCL, Others’ Import Licences The Dangote Petroleum Refinery and Petrochemicals FZE has prayed a Federal High Court in Abuja to nullify import licences issued to the Nigeria National Petroleum Corporation Limited (NNPC) and five other companies for the purpose of importing refined petroleum products. Other five companies are Aym Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited and Matrix Petroleum Services Limited. Dangote Refinery, in a suit marked: FHC/ABJ/CS/1324/2024 and filed by Ogwu Onoja, SAN, before Justice Inyang Ekwo, had sued Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)…