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.

PremiumTrust Bank Holds First AGM, Reassures Stakeholders of Strong Profitability

MarketNews

PremiumTrust Bank Holds First AGM, Reassures Stakeholders of Strong Profitability In a testament to its rapid growth and strong financial performance for the 2023 financial year, Nigeria’s fastest-growing commercial bank, PremiumTrust Bank, recently held its inaugural Annual General Meeting (AGM) in Lagos. During the event which marked a significant milestone for the bank, stakeholders were confidently reassured by the board and management of its robust financial performance and sustained profitability, highlighting its commitment to driving growth and delivering exceptional value. Speaking at the event, the Chairman, Board of Directors of PremiumTrust Bank, Dr. Perez Araka, FNSE said the bank remained…

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NNPCL Unable to Pay Fuel Suppliers after N3.3trn Profit

Uncategorized

NNPCL Unable to Pay Fuel Suppliers after N3.3trn Profit NNPC Limited (NNPCL) has acknowledged that its current financial condition poses a threat to the sustainability of fuel supply. There has been a scarcity of fuel in some parts of the country because of the company’s inability to meet supplier payments despite huge profit declared for financial year 2023 operation. Pump prices have increased significantly across stations in Lagos, Abuja, and other areas. In an official statement, Nigeria’s oil company acknowledged the recent report regarding its significant indebtedness to petrol suppliers in the country. It said the financial strain has placed…

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Nigeria’s Big Banks Market Value Climbs to N4.81 Trillion

MarketNews

Nigeria’s Big Banks Market Value Climbs to N4.81 Trillion Nigeria’s Tier-1 banks combined market value jumped above N4.81 trillion in the stock market due to buying interest in Zenith, UBA, and FBN Holdings Plc, according to data from the Nigerian Exchange. On the sell side, investors reduced interest in Access Holdings and GTCO Plc, with both closing the week negative, in contrast to equities market direction. With earnings releases, analysts forecasted that investors would start betting on the earnings prospects of big banks that are yet to release their financials.  MarketForces Africa gathered that banks with stronger earnings per share,…

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