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.

TotalEnergies Expands Angola Operations with $6bn Deepwater Project

MarketNews

TotalEnergies Expands Angola Operations with $6bn Deepwater Project TotalEnergies is driving new upstream programs in Angola – from offshore exploration to infill drilling to Greenfield projects – as outlined by Martin Deffontaines, Managing Director of TotalEnergies Angola during the Angola Oil & Gas conference & exhibition. In an on-stage interview with Verner Ayukegba, Senior Vice President of the African Energy Chamber, Deffontaines discussed the company’s Kaminho Deepwater Development, which secured a $6-billion FID in May this year. The project represents the first very large deepwater development in the Kwanza Basin and aims to develop the Cameia and Golfinho fields, with…

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CBN Announces E-Forex Matching System to Curb Speculation

News

CBN Announces E-Forex Matching System to Curb Speculation The Central Bank of Nigeria (CBN), has announced the introduction of an Electronic Foreign Exchange Matching System (EFEMS), for Foreign Exchange (FX) transactions in the Nigerian Foreign Exchange Market (NFEM). According to a statement issued by Omolara Duke, the Director, Financial Markets Department, the EFEMS will be implemented latest by Dec.1. Duke said that the new system was expected to enhance governance, transparency, and facilitate a market driven exchange rate that would be accessible to the public. “This development is expected to reduce speculative activities, eliminate market distortions, and give the CBN…

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Nigerian Treasury Bill Yield Climbs to 22.6%

MarketNews

Nigerian Treasury Bill Yield Climbs to 22.6% The average yield on the Nigerian Treasury bill expanded by three (3) basis points (bps) to 22.6% in the secondary, fixed income analysts said in a note. Across the curve, Cordros Capital Limited said the average yield expanded at the mid (+14bps) segment. The yield expansion occurred due to selloffs of the 161-day to maturity (+79 bps). On the other hand, the yield declined at the short (-1bp) and long (-2bps) ends due to the demand for the 84-day to maturity (-1bp) and 322-day to maturity (-2bps) bills, respectively. Also, the average yield…

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