- 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.
Cadbury Nigeria Loses 21% as Profit, Shareholders Turn Red Cadbury Nigeria Plc shed about 21% of its market valuation as shareholders, stock traders offloaded the consumer goods company’s stock after its earnings disappointment. The company, which is a major player in the fast moving consumer goods sector, posted N27.63 billion loss in its unaudited financial statement for 2023. Its shareholders’ funds also plunged. Though revenue climbed by more than 45%, 2023 could be the worst year ever for Cadbury Nigeria Plc, a company that has seen both the red and green sides of the local operating conditions in the market.…
Willie Obiano in Court for Arraignment Over Alleged N4bn Fraud The Economic and Financial Crimes Commission (EFCC) has brought the former governor of Anambra, Willie Obiano to the Federal High Court, Abuja for arraignment. Obiano arrived the court escorted by some EFCC operatives. At the time of filing this report, the courtroom was filled as lawyers, litigants and newsmen awaited the arrival of the trial judge, Justice Inyang Ekwo. Obiano is standing trial on a 9- 9-count corruption charge bordering on alleged N4 billion filed against him by the Federal Government through EFCC. #Willie Obiano in Court for Arraignment Over…
FG Warns Against Employing Underage House Helps The Minister of Women Affairs, Mrs Uju Kennedy-Ohanenye, has cautioned parents against giving out their children as domestic helpers or for adoption. Kennedy-Ohanenye gave the warning on Tuesday, at a New Year party to celebrate school children and to encourage them on the path to greatness in Abuja. According to her, the warning is necessary to avoid cases of child molestation, domestic abuse and other forms of abuse. The minister said that the adoption of children should be within the confines of the law and closely monitored to ensure they were not molested…
IPMAN Frowns at Incessant Tariff Hike on Petroleum Products The Independent Petroleum Marketers Association of Nigeria (lPMAN) says incessant increases in tariffs on petroleum products by the Nigerian Midstream and Downstream Petroleum Regulatory (NMDPRA) might adversely hinder the success of oil subsidy removal. Alhaji Debo Ahmed, National President, IPMAN observed in a statement he issued to newsmen on Tuesday in Lagos. Ahmed said the increase could also adversely affect the overall business environment of the downstream sector. He said the arbitrary and excessive nature of the increment not only discourages potential investors but create barriers for fresh investors to enter…
The stock market price of Dangote Cement Plc’s (Ticker: DANGCEM) share climbed further on Tuesday
Cameroon launched the world’s first routine vaccine programme against malaria on Monday. It is one of 20 African countries planning to introduce the drug this year, according to global vaccine alliance Gavi.
The Federal Government says it is ready to launch the Nigerian Education Loans Fund for students in tertiary institutions.
Federal High Court, Abuja, on Monday, set aside the Rivers’ N800 billion budget passed by five members of the house led by the Edison Ehie-led faction.
Geregu Power Plc is one of the top stocks that has continued to rise in the stock market …
Odu’a Investment Plans to List on Nigerian Exchange Odu’a Investment Company Ltd. (OICL) on Friday began discussions with the Nigerian Exchange Ltd.(NGX) to be listed and raise capital from investors. Otunba Bimbo Ashiru, Group Chairman of the company, said this at the closing gong ceremony by the firm at the NGX in Lagos. Ashiru said the move would not only strengthen the company’s financial position but also provide opportunities for investors to participate in its growth. He also said that many dealing investors would be willing to partner with the company without hesitation, due to its diversified investment portfolio. He…