- 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.
Investors trading highs and lows on the Nigerian Exchange (NGX) recorded N348 billion gain in the equities market following strong buying interest in oil
FBN Holdings Plc (Ticker: FBNH) share gained moderate popularity in the equities market among buy side investors who raised their positions on the financial
Market value of MTN Nigeria Plc declined in the stock market due to selloffs. Investors rotated away from telecom stock plagued the telecom company market value
Vice-President Kashim Shettima has announced that the Federal Government’s healthcare reforms have attracted over 4.8 billion dollars in potential investments.
The Federal Government says it plans to invest 800 million dollars in the construction of sub-stations and distribution networks as part of the Presidential
The Transmission Company of Nigeria (TCN), says the Supervisory Control and Data Acquisition (SCADA) system that will effectively monitor, control field d
GCR Affirms Leadway Assurance Financial Strength Rating GCR Ratings has affirmed Leadway Assurance Company Limited’s national scale financial strength rating of AA+ (NG), with a stable outlook. In a rating note, the emerging market African rating agency said its rating affirmation on Leadway Assurance balances the company’s strong domestic franchise, sound risk adjusted capitalisation, adequate liquidity against heightened claims pressures and the adverse impact of currency movements. Leadway is a composite insurer with a strong domestic franchise in Nigeria and growing operations in Cote D’Ivoire through two subsidiaries, GCR said. Its subsidiaries, Leadway Vie, a life business and Leadway IARD,…
BUA Cement Shareholders Approve N2/s Dividend for 2023 BUA Cement Plc.’s shareholders have approved payment of N2 dividend per share for the financial year 2023, the company said in a regulatory filing submitted on the Nigerian Exchange (NGX). The company said it held its 8th Annual General Meeting of BUA Cement PLC on Thursday 29th August 2024, at the Congress Hall of Transcorp Hilton Hotel, Abuja. The cement company share price remained steady despite the announcement. Data from the Nigerian Exchange showed that BUA cement share price ended the week at N113.90 on Friday. Investors put N3.857 trillion as market…
Fitch Affirms Republic of Congo Substantial Credit Risk Rating Fitch Ratings has affirmed the Republic of Congo’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC+’. In a rating, Fitch said Republic of Congo ‘CCC+’ rating reflects high government debt, weak governance indicators, high oil dependence, and weak management of public finances with a recent history of defaults. According to the rating note, current oil prices, fuel subsidy reform, and the IMF’s Extended Credit Facility (ECF) reduce immediate liquidity pressures and support fiscal and external metrics. Congo has a record of weak public financial management (PFM), including two consecutive defaults on…
Belemaoil Producing Ltd., an indigenous global oil firm, has appointed Mr Ahmadu Sambo as its new Managing Director/ Chief Executive Officer to drive its