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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.
Nigeria’s Sovereign Eurobond Yield Rises to 9.75% Eurobond: The market has continued to gauge the impacts of US Fed rate cuts on debt asset portfolio returns in the international capital market. Settling below 10%, Nigeria’s sovereign US dollar bond trading in the international market surged as uncertainties caused investors to begin to rebalance their portfolios. According to investment firms, foreign portfolio investors are quickly adjusting positions, and this led to a selloff in Nigeria’s sovereign Eurobond in the market. But some fixed income experts with global coverage told MarketForces Africa that the next few months will see an improved appetite…
Benchmark yield on Nigerian government bonds in the secondary market rose to 18.70% after Debt Management Office (DMO) auction
The mood on Nigerian Treasury bills continues to swing after investors spotted that the central bank has continued to slash rates at its main auctions.
Interbank rates fell sharply inflows from the Federal Account Allocation Committee (FAAC), which hit the financial system on Monday.
In the forex market, the shortage of US dollars continues to keep the naira exchange rate at an edge.
Equities investors gained about N80 billion on the Nigerian Exchange (NGX) as banking stocks dominate traders buying buckets.
With expectation of a slowdown in bond supply, investors ramped up the Federal Government of Nigeria (FGN) in the secondary market ahead of the auction on Monday.
Nigeria’s top investment banking firm, CardinalStone Limited, has slashed Airtel Africa’s 12-month price target amidst expectation that the telecom company will return to profitability in the financial year 2024/2025.
Fidson Healthcare Plc’s market valuation increased by about 22% in the equities market after the pharmaceutical company announced strategic deals it closed with three Chinese firms.
Nigerian Big Balance Sheet Banks Rise by N145bn to N5.079Trn A strong buy side activities in the equities market lifted the combined market value of the Nigerian top 5 banks to N5.079 trillion, MarketForces Africa reports. The market is pricing these five banks for an amount equivalent to about $3.3 billion at the latest official exchange rate. Details obtained from the Nigerian bourse revealed that all the tier-1 lenders recorded positive price movements in the local bourse as investors sentiment on banking names improved. Value hunters, and alpha seekers on the Nigerian Exchange increased positioning in growth stocks; boosted Nigerian…