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.

Benchmark Yield on Nigerian Bond Declines to 18.75%

Financial Market

Benchmark Yield on Nigerian Bond Declines to 18.75% The average yield on the Federal Government of Nigeria (FGN) bond shed two basis points again in the secondary market. The yield contrasted as investors continued to ramp up naira assets in the secondary market. The buying momentum in the local bond market happened as investors expected the authority to tighten supply at the primary market. A decline in headline inflation also boosted increased demand for bonds in the market. The latest disinflation experience has effectively reduced negative interest yield or real return earned by fixed interest securities investors in the debt…

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Money Market Rates Jump as Liquidity Pressure Deepens

Uncategorized

Money Market Rates Jump as Liquidity Pressure Deepens Interbank rates skyrocketed in the money market as liquidity conditions failed to improve due to the absence of significant inflows from key sources. The market saw the liquidity balance in the financial system dropping to a negative level owing to funding pressures at the Central Bank of Nigeria’s (CBN) Standing Lending Facility (SLF) window. Banks pitched their tent at the CBN borrowing window after the apex bank lifted suspension on the facility to allow authorised dealer banks to access funds at about 32%. Analysts said higher rates often reflect on banks borrowing…

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No Respite for Naira as Official, Parallel Market Rates Plunge

MarketNews

No Respite for Naira as Official, Parallel Market Rates Plunge The bleak outlook for the Nigerian local currency, the naira, has failed to fade as exchange rates worsened across the foreign currency market during the midweek trading session. The Naira lost ground against the US dollar in the official market, falling by 0.90% to close at ₦1,625.88, according to data from the FMDQ platform. Data from the Central Bank of Nigeria (CBN) is now showing that external reserves climbed for the first time since August 8, 2024.  Nigeria recorded $30 million in FX inflows, and the sum lifted the gross…

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