- Cardano Price Drops to $0.21 as Selloffs Hit Altcoins
- Ethereum Falls as BitMEX Co-Founder Arthur Hayes ‘Dump It All’
- Solana Drops 2.20% to $101.28 as investors liquidate Positions
- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
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.
Zambia economic growth projection has been downgraded following latest review by the International Monetary Fund
The prices of crude oil dropped further in the global commodities market on Tuesday as Chinese demand is expected to remain weak, supported by strengthened U.S dollar.
The Transition Committee of the All Progressives Congress (APC) in Edo has recommended a probe into more than N410 billion local and foreign debts allegedly owed by the state.
The Joint Committee on Works in the National Assembly has called for innovative interventions to grant local contractors access to finance and unlock their potentials to contribute to national development.
African Export-Import Bank (Afreximbank) has approved a US$200 million Corporate Finance Facility in favour of BUA Industries Limited
Lagos Requires $14 to $33bn to Fund Energy Projects- Official The Lagos State Government says it will require an investment of 14 billion dollars to 33 billion dollars to meet its energy generation needs by 2030. Mr Kamaldeen Balogun, General Manager of the Lagos State Electricity Board, disclosed this at the 15th Ralph Alabi Memorial Lecture and Induction of new corporate members of the Nigerian Society of Engineers (NSE) Ikeja Chapter. The theme of the event is, “Opportunities in Emerging Power Sector: A Panacea for Economic Stability and Industrialisation”. Balogun, an engineer, while delivering a keynote address at the event,…
Interbank rates dipped as liquidity pressure in the money markets eased at the beginning of the new week following inflows from Remita, and cash reserve maintenance credits.
Investors recorded about N84 billion gain as Aradel Holdings, Eunisell Interlinked, Flour Mills of Nigeria Plc
Money Market Rates Surge on Deficit Liquidity in Banking System Money market rates were tightened due to a negative liquidity balance in the banking system. The market had opened on a strong note before outflows relating to auction sales dampened liquidity balance. Plus, there was an outflow relating to cash reserve maintenance debited against the liquidity balance in the financial system last week. Hence, some local lenders access funds from the Central Bank of Nigeria (CBN) as funding levels are drained up. The financial system opened with a credit of N398.31 billion last week, according to AIICO Capital Limited. Due…
EUNISELL Tops Performers with 46% Price Uptick Eunisell Interlinked Plc recorded significant price surge of about 46% week on week in the equities segment of the Nigerian Exchange (NGX), hitting N8.20 on Friday in the local bourse. A company that could have been bought for N617.707 million now has asking price of N1.94 billion within 52 week on high (N8.2) and Low (N2.61) The company stock wasn’t this expensive few weeks ago until value hunters spotted prospects in taking positions in Eunisell Plc. It has been all the way to the moon for two weeks strait, gained 60% week on…