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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.
Ripple’s XRP is down 3.50% to $1.27 in 24h, closely tracking a broader crypto market sell-off primarily driven by institutional risk-off sentiment and leveraged liquidations.
Bitcoin (BTC) price declined by 4.11% to $70,208.55, underperforming a broadly weaker crypto market, primarily driven by sustained institutional selling and heightened geopolitical risk.
Nigeria’s Assets Under Management (AUM) increased from N3.2 trillion to N10 trillion within the last two years, the Securities and Exchange Commission (SEC) has said.
The Initiates Plc has strengthened its strategic position in East Africa following the acquisition of an additional 20% equity stake in its Ugandan subsidiary, The Initiates Uganda (TIU), raising its ownership interest from 35% to 55%.
The Nigerian Exchange (NGX) key performance indicators declined in the first trading session of June due to profit-taking in the local bourse. Market cap fell by N1.8 trillion on Monday as investors sold off.
Canadian banks saw mixed results for 2Q26, according to Fitch Ratings. Most institutions reported modestly lower top-line numbers, primarily driven by three fewer calendar days in the quarter and pressure on net interest income.
Bitcoin (BTC) lost 3% in 24 hours to $71.4, underperforming a flat S&P 500 as Michael Saylor, Strategy Inc. chairman and co-founder, sold 32 Bitcoins for roughly $2.5 million between May 26 and May 31 to fund preferred stock dividend payments.
Ripple (XRP) price dipped more than 4% to $1.28 on Monday as investor sentiment continued to decline amidst 1 billion XRP unlocked from escrow.
Private sector activity improved to the best level in 9 months, according to Stanbic IBTC Bank’s Purchasing Managers’ Index (PMI) released by S&P Global today.
The Nigerian naira opened the month of May slightly stronger as foreign reserves continue to climb again, following fresh inflows from hydrocarbon sales and offshore investors’ portfolio building.