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.

Senate Approves N5.079trn Budget for Nigeria Customs Service The Senate has approved 2024 budget of N5.079 trillion for the Nigeria Customs Service (NCS) for the 2024 fiscal year. The approval followed adoption of recommendations of report of Committee on Customs, Excise and Tariffs on Thursday at plenary. Presenting the report, Chairman of the Committee, Sen. Jibrin Isah (APC-Kogi) said the total capital expenditure earmarked for the fiscal year was N706.43 billion for the 2024 financial year. He said personnel cost stood at N225.99 billion, representing 31.99 per cent of the budget, while overhead cost was N111.76 billion; representing 15.82 per…

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