Author: Julius Alagbe
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 (XRP) is up 5.09% to $1.38 over the past 24h, slightly outpacing a broad market rally and primarily driven by a risk-on surge following a US-Iran ceasefire agreement.
Pension Assets Hit N29.43trn in February, Up by N1.39trn Nigeria’s pension assets rose to N29.43 trillion in February, representing a month-on-month increase of N1.39 trillion. This is according to data released by the National Pension Commission (PenCom). The latest figure represents the strongest monthly expansion recorded since the introduction of the Contributory Pension Scheme (CPS) over two decades ago, surpassing the previous high of N1.18 trillion posted in January 2024. PenCom data showed that total assets grew from N28.04 trillion in January, driven largely by fresh inflows and valuation gains, particularly in the equities segment. Investment in domestic equities rose…
Ghana Stock Exchange Rebounds, Total, GCB Lead Gains The Ghana Stock Exchange (GSE) rebounded in Tuesday’s session, with both benchmark indices closing higher on the back of renewed buying interest, according to SIC Brokers Limited. TotalEnergies Marketing Ghana and GCB Bank drove momentum as the Ghana bourse reopened trading activities on Tuesday. The firm reported that the GSE Composite Index (GSE-CI) advanced 0.31% to 13,081.19 points, while the GSE Financial Stocks Index (GSE-FSI) gained 0.48% to 7,931.48 points, reflecting improved sentiment across key counters. On the price movers’ front, gains were led by TOTAL, rising by GH¢2.56 to GH¢37.20 and…
The average yield on Federal Government of Nigeria (FGN) bonds ticked up slightly week on week amid soft selloffs in the secondary market.
Investors’ whetted appetites dragged the average yield on Nigerian Treasury bills down by 15 basis points, according to a market update released by Afrinvest Securities Limited.
Ripple (XRP) price has continued to fluctuate, trading at $1.31 on Tuesday amid a sharp decline in trading volume, underperforming the broader crypto market.
The Lagos State Government says it has begun prosecuting 45 individuals and companies for alleged tax defaults totalling billions of naira.
Bitcoin is up 3.96% to $69,947.69 over the past 24h, outpacing the broader market’s 3.38% gain, driven by a derivatives-led short squeeze that liquidated over $134 million in bearish bets.
TACO or not over Hormuz is the question dominating markets right now, but investors are asking the wrong one, says Nigel Green, CEO of global financial advisory giant deVere Group.
Fitch Ratings has placed the Long-Term Issuer Default Ratings (IDRs) and Government Support Ratings (GSRs) of all eight Qatari banks on Rating Watch Negative (RWN).