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.

MTN, OANDO Drive N343bn Gain in Nigerian Stock Market Equities investors gained N343 billion in the stock market due to fresh demand for MTN Nigeria shares, and seemingly unending buying interest in Oando Energy PLC.  Due to buying interest in the telecom and oil stocks, the key performance indicators climbed by 0.62%. The market index, or All-Share Index, climbed by 596.34 basis points today, reflecting a 0.62% increase to close at 96,802.80. The market rebound from loss sustained yesterday was driven by investor buying interest in some medium and large Cap stocks. The market movers include OANDO, MTNN, UCAP and…

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Nigerian Treasury Bill Yield Moderated to 20% The average yield on Nigerian Treasury bill has dropped further at the beginning of the week to close at 20%.  The yield contraction follows the apex bank reduce spot rates across standard maturities sold to investors at the primary market auction. The Debt Management Office (DMO) that conducted the auction on behalf of the Central Bank of Nigeria (CBN) slashed the rate as investors staked huge bets on the local borrowing assets. Both Treasury bills and OMO auctions conducted were relatively oversubscribed despite the tight liquidity level in the financial system. The bullish…

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