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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.
Interbank Rates Mixed as Outflow for FGN Bond Reduces Liquidity The interbank rates diverged in the money market due to the outflow for the Federal Government of Nigeria (FGN) bond auction that left the financial system. The market reacted to a 50 basis point interest rate hike, which is expected to push the rate higher at the standing lending facility of the apex. The financial system was debited with a total sum of N264.53 billion, being the investors’ payment for FGN bonds sold to market participants by the Debt Management Office. The debt office had on Monday conducted a primary…
The Executive Board of the International Monetary Fund (IMF) has approved a 40-month arrangement under the Extended Credit Facility…
The naira fell by 54 basis points to N1,667 against the US dollar midweek as the foreign exchange (FX) market crisis deepened.
Equities investors recorded about N241 billion as gain on the Nigerian Exchange (NGX) on the back of sustained buying interest in stocks with upside potentials.
Trading activities in the Nigerian government bond secondary market ended on a bullish note amidst a surprising hike in the benchmark interest rate
Investors increased their bets on naira assets in the financial markets as the Central Bank of Nigeria (CBN) hiked the benchmark interest rate ahead of its primary market auction.
Sustained demand for UBA, Access Holdings, and Nigerian 3-F banks (FBNH, FCMB, and Fidelity Bank) heated up the banking index as the Nigerian Exchange gained further.
In the absence of liquidity pressure, interbank rates were still adjusted upward in response to the Central Bank of Nigeria’s (CBN) monetary policy tightening.
The naira experienced strong negative price fluctuation in the foreign exchange (FX) market due to surging demand for import payments. The FX market was unable to meet the willing buyers US dollar demand due to a shortage in the official window.
The equities market capitalization of the Nigerian Exchange (NGX) swelled as investors gained about N105 billion amidst the policy rate hike.