- OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher
- External Reserves Stand at $52bn – Cardoso
- XRP Spot ETF Net Inflow Tops $1bn, Price Swings
- Naira Appreciates as Nigeria’s Foreign Reserves Top $52bn
- Investors’ Wealth Tops N159trn as Nigerian Stock Market Expands
- XRP Price Hits $1.15 on Clarity Progress, Ripple Prime Wins
- NCC Calls for Stronger African Collaboration Ahead of Global Telecom Policy Conference
- Global Hunger Declines Across Continents, Trade Risks Loom- UN
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.
Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official window as foreign currency liquidity challenge eased. According to data from FMDQ Securities, which shows the official exchange rate, the naira appreciated by 9.68%. The local currency exchange rate cleared at ₦1,339.33 per US dollar on Monday for eligible transactions conducted via the Nigerian autonomous foreign exchange market. However, the parallel market saw the naira weaken by 0.40%, ending at N1,500 per US dollar, as the market anticipates that the Central Bank of Nigeria, CBN, will sell FX to Bureaux…
The Bank of Ghana kept its benchmark monetary policy rate steady for a third consecutive meeting at 29% on May 27th 2024, aiming to control inflation
TAJBank Limited, Nigeria’s foremost non-interest bank, has reported a profit before tax (PBT) of N11.3 billion in its 4th year of operations.
Nigerian US dollar bonds, or sovereign Eurobonds, came under selling pressure on the global market amidst expectations that the US Fed could cut fund rates in the third quarter of 2024
More Nigerians have continued to celebrate the success of the Super Eagles playmaker, Ademola Lookman, as his heroics helped his team, Atalanta FC of Italy
The African Development Bank (AfDB), says it’s 209.17 Euros Kenol—Sagana—Marua Highway Project in Kenya will be completed in December.
Equities analysts downgraded Dangote Cement Plc to a ‘HOLD’ with 12-month target price raised by more than 47% on expected volume recovery in Nigeria. Dangote Cement Plc has remained steady at N657.7 the top member of cement oligarchy stem share price volatility with buyback.
A Federal High Court sitting at Ikoyi, Lagos, has ordered an interim forfeiture of the sums of $4,719,054 and N830,875,611, and several properties linked to the
A Federal High Court in Abuja on Friday, refused to grant an application filed by MultiChoice Nigeria Ltd, seeking an interim order restraining the National
Nigeria’s Gross Domestic Product (GDP) grew by 2.98% (year-on-year) in real terms in the first quarter of 2024, the statistics office said on Friday in a report