- Nigeria Needs 28% Growth Annually to Hit $1trn Economy – CIoD
- Naira Closed at N1,328 as FX Demand, Supply Even Out
- Ogun Assembly Passes 2027-2029 MTEF Ahead of 2027 Budget
- Cardano Rises 5% on Fireblocks Institutional Integration Update
- Tinubu Pledges Policy Stability as Ogun Attracts $7bn Investment
- Interest Rates on Nigerian OMO Bills Crash Below 18%
- NGX Indicators Jump as Seplat, Fidelity Bank Drive N623bn Gain
- States, FCT Generate N5.15trn IGR in 2025
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.
Bill Gates, Co-chair of the Bill and Melinda Gates Foundation, says Nigeria gets the largest intervention fund spent by the foundation in Africa.
Some energy stakeholders have berated the Nigerian National Petroleum Company Ltd. (NNPCL) over delay in getting the Port Harcourt Refinery operational
Oil prices sold off heavily in the global commodities market and this pressure has continued in early morning trading today.
United Capital Trustees, a subsidiary of United Capital Group, has appointed Mr Michael Thomas as its new Managing Director/Chief Executive Officer (CEO).
Super Eagles Interim Manager, Austin Eguavoen, says the Super Eagles have all it takes to qualify for the 2025 Africa Cup of Nations (AFCON) scheduled to hold
Nigeria’s power generation rose to a three-year high of 5,313mw on Monday, the Ministry of Power has saud.
The Greee Climate Fund has approved 151 million dollars in financing for a major resilience programme supported by the African Development Bank (AfDB).
Nigerian Government Bond Yield Shrinks to 18.77% The average yield on the Federal Government of Nigeria (FGN) bond declined slightly in the secondary market amidst tight supply of the debt asset. Investors go bullish on the naira on the back of recent economic growth and expectations that inflation will continue to decline in 20224. MarketForces Africa gathered that the Debt Management Office (DMO) is gearing to conduct its monthly primary market auction, where it is expected to sell additional securities to investors in September. Nigeria’s debt office offered N190 billion worth of FGN bonds in the primary market auction. The…
NLC Demands Reversal of New Pump Price of Petrol The Nigeria Labour Congress (NLC) has called for the immediate reversal of the new price increase in pump price of petrol across the country. The Congress made the demand in a statement issued on Tuesday in Abuja by its President, Mr Joe Ajaero and made available to newsmen. The Nigerian Petroleum Corporation Ltd. (NNPCL) on Tuesday morning, reportedly directed increase in its pump price of between N568 – N617 per litre to N855 – N897 per litre, depending on the area. Although, the company had denied issuing the directive, checks at…
Nigerian Breweries Obtains SEC Approval to Commence Rights Issue Nigerian Breweries Plc has obtained approval from the Securities and Exchange Commission (SEC) to commence its 22.607 billion ordinary shares of 50k each at N26.50 per share rights issue. Mr Uaboi Agbebaku,Company Secretary of Nigerian Breweries, confirmed this in a disclosure sent to the Nigerian Exchange Ltd.(NGX)on Tuesday in Lagos. “Nigerian Breweries has obtained the approval of SEC to commence the company’s Rights Issue of 22.607 billion ordinary shares of 50k each at N26.50 per share, “he said. Agbebaku said that following the approval, the offer opened on Monday and would…