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.

FBN Holdings Divests Interest in Merchant Business to ‘Consortium’

MarketNews

FBN Holdings Divests Interest in Merchant Business to ‘Consortium’ Nigeria’s oldest listed financial services warehouse, FBN Holdings Plc, has divested interest in merchant business as the group announced a decision to sell down 100% shares in FBNQuest to consortium amidst recapitalisation. According to the official statement submitted to the regulator, the financial services warehouse told the Nigerian Exchange it has no commercial interest in FBNQuest again and has picked its preferred bidder for the transaction. “…the company has entered into share sale and purchase agreement to divest 100% equity stake in its wholly owned subsidiary, FBNQuest Merchant Bank Limited”. FBN…

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Equities Investors Gain N128bn as Nigerian Exchange Rebounds

MarketNews

Equities Investors Gain N128bn as Nigerian Exchange Rebounds Equities investors gained more than N128 billion on Friday in the Nigerian stock market due to a solid improvement in buying interest. The equities segment of the Nigerian Exchange (NGX) ended trading activities for the week positive, with the key performance indicators increasing by 0.23%.  The market index, or All-Share Index, added 223.33 basis points, reflecting a 0.23% increase to close at 96,433.53. The local bourse reversed two consecutive days of losses, driven by investor buying interest in key sectors, particularly the banking and consumer goods sectors, resulting in a growth of…

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