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.

Oando, Eterna Gain Weight as Investors’ Keep Eyes on Oil Stocks

MarketNews

Oando, Eterna Gain Weight as Investors’ Keep Eyes on Oil Stocks Oando, Eterna and other top energy companies’ gained weight as their combined market value increased to about N3.5 trillion on the Nigerian Exchange (NGX) despite mixed trading outings in the local bourse. According to stockbrokers, demand for oil stocks gained momentum in the trading platform as key players like TotalEnergies, Oando, and ETERNA continued to cap gains. Recent market track records showed these oil stocks have been making an uptrend, reporting good earnings scorecards due to stable global oil prices. Hence, investors kept eyes on price movement on the…

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Petrol: SERAP Urges Tinubu to Reverse Price Hike, Probe NNPCL

Uncategorized

Petrol: SERAP Urges Tinubu to Reverse Price Hike, Probe NNPCL Socio-Economic Rights and Accountability Project (SERAP) has urged President Bola Tinubu to use his “leadership position and good offices to direct the Nigerian National Petroleum Company Limited (NNPCL), to immediately reverse what it described as the “illegal and unconstitutional” increase in the pump price of premium motor spirit or petrol across its retail outlets. In a statement by SERAP’s Deputy Director, Kolawole Oluwadare on Sunday, also urged Tinubu to direct the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi, SAN, and appropriate anti-corruption agencies, to probe the…

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Regulation: SEC Warns Against Capital Market Infractions

MarketNews

Regulation: SEC Warns Against Capital Market Infractions  The Securities and Exchange Commission (SEC) has warned individuals and business entities engaging in activities contrary to laid down regulations in the capital market. The Director-General of SEC, Dr Emomotimi Agama, said in a statement in Abuja on Sunday, that the commission would deploy the law on such defaulters. Agama said that the commission would soon commence enforcement against individuals and entities operating in the market without the intention of being regulated. He said that the commission was committed to protecting investors, including those in the crypto-space. He urged all participants in the…

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Nigerian Exchange Declines by N84bn as Selloffs Heat Up

MarketNews

Nigerian Exchange Declines by N84bn as Selloffs Heat Up The equities market capitalisation of the Nigerian Exchange (NGX) declined by about N84 billion in five trading sessions last week due to selloffs in sectorial indicators. The local bourse retreated from last week’s positive’s territory, triggered by activities of sell side actors on major stocks despite pockets of gains during the week. As a result of the trading pattern, NGX year-to-date return (YTD) moderated to 29.0% from 29.2%. The benchmark All-Share Index of the market registered a 0.15% decline on a week-on-week basis, though, above the 96,000 psychological threshold to close…

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NDLEA intercepts UK, Europe-bound cocaine, opioids in Lagos

MarketNews

NDLEA intercepts UK, Europe-bound cocaine, opioids in Lagos Operatives of the National Drug Law Enforcement Agency (NDLEA) have intercepted consignments of cocaine and pharmaceutical opioids at three courier firms in Lagos. The NDLEA spokesperson, Femi Babafemi, said in a statement on Sunday in Abuja that the drugs were concealed in ladies’ sanitary pads and hair treatment cream containers. Babafemi said that the consignments were heading to the United Kingdom, Ireland and Cyprus respectively. According to him, in one of the logistics companies, not less than 30 parcels of cocaine weighing 1.1 kilograms were concealed in hair cream containers. “They were…

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China Applauds Nigeria’s Leading Role in ECOWAS Sub-Region

News

China Applauds Nigeria’s Leading Role in ECOWAS Sub-Region China has applauded Nigeria’s leading role in ECOWAS, especially the country’s efforts toward enthroning stability in the sub-region. This is contained in a joint statement between Chinese President Xi Jinping and Nigeria’s President Bola Tinubu from the latter’s just concluded state visit to China. The statement indicated that the event was aimed at: “Establishing a Comprehensive Strategic Partnership and Building a High-Level China-Nigeria Community with a Shared Future.” It affirmed that China and Nigeria would make joint efforts to fully support Nigeria’s geographical and development advantage in West Africa. The statement explained…

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