- Oil Prices Correction Extends as US-Iran Sign Interim Deal
- South African Rand Dips on Weak Macro Indicators, US Fed Tone
- Wall Street Dips, European Stocks Rally as U.S Fed Keeps Rates
- NNPC, TotalEnergies Renew Decarbonisation Agreement
- Jito Price Slumps 10% Ahead of JTX Platform Launch
- XRP Price Drops by 4.4% on U.S. Fed Hawkish Tone
- Naira Falls to N1,360 as Interbank FX Turnover Dips by 57%
- FirstHoldco, Access, Drown NGX Index, Investors Lose N758bn
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.
Elites destroyed the naira for personal gains, there is no doubt about that, critics said on Monday after the apex bank spotted $2.4 billion fraudulent foreign currency requests
Positive share price movements registered by banking and industries stock have pushed the Nigerian Exchange higher during the intraday trading sessions,
As the regulator continues to fine-tune policy for inclusive growth, the apex bank has said it will stop daily cash reserves ratio debit on Nigerian banks
The average yield on the Nigerian Treasury bill climbed by 269 basis points in the secondary market …
Banks to Wind Down FCY Loans, Capital to Slide–S&P The sharp devaluation of the Nigerian naira will impact deposit money banks’ (DMBs) capital position in the first quarter of 2024, S&P Global said in its latest rating note. With the new FX guideline, the rating firm predicts that DMBs will start to wind down their foreign currency loans to further reduce risks. The Central Bank of Nigeria (CBN) asked banks to sell down their foreign currency holdings as authorities seek to upturn the fortune of the naira, its weak local currency. The naira has been on a decline over the…
The Nigerian naira settled at N1435.53 following the apex bank notice to deposit money banks to reduce their net foreign currency position to 20%
Super Eagles and FC Nantes of France winger, Moses Simon, said he was undecided either to pass the ball to Victor Osimhen or score himself before passing
The European Union’s foreign policy chief Josep Borrell has warned of a further escalation of tensions in the Middle East at an informal meeting on
The Jigawa Government on Friday approved over N1.4 billion for the construction and renovation of mosques across the state.
The sum will also be used for
The start date for former U.S. president Donald Trump’s trial for attempted election fraud has been pushed back.
The court in the capital Washington announced