- 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.
Gov. Seyi Makinde of Oyo State on Tuesday sought the approval of the State House of Assembly to assess a loan of N150 billion from the Afrexim and Access financial institutions. 20 lawmakers out of the expected 32 were in attendance to consider…
Investors ramping up more shares of Dangote Cement Plc ahead of the earnings release …
Traded at N227.50, Consumer Goods Company BUA Foods Plc has crossed N4 trillion in market valuation…
Naira Loses 4.7% as US Dollar Demand Eclipsed FX Supply The Naira depreciated by 4.72% at the official market, closing at N878.57 to the US dollar from N838.95 per in the previous day. The local currency has been gaining and losing across forex markets amidst an expectation that the right official rate would exceed N1000 in 2024. The problem is; the Central Bank of Nigeria (CBN) has halted forex market intervention and the development appears to make the local currency vulnerable to market dictates – demand has remained stronger compared with the total volume of foreign currency available. The exchange…
Union Bank of Nigeria has reassured its stakeholders of seamless service despite the leadership change. The bank gave the assurance in a statement on Tuesday in Lagos.
The equities investors in the Nigerian Exchange (NGX) saw its largest daily of more than N1.8 trillion
Stanbic IBTC Holdings Plan has announced the appointments of some members into the group subsidiaries, according to a statement.
The United States (US) dollar improved against its major trading partners early Tuesday after another long…
The average yield on Nigerian Treasury bills steadied around 3% amidst accelerating headline inflation.
The Nigerian Naira traded on a bullish note on Monday after Africa Export-Import Bank …