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.

Oyo State Begins e-payment of Retirees’ Gratuities

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Oyo State Begins e-payment of Retirees’ Gratuities The Oyo State Government says it has begun the payment of gratuity benefits to retirees via e-payment. The State Commissioner for Establishments and Training, Hon. Olusegun Olayiwola, announced this development during a three-day symbolic data capture and e-payment exercise for retirees at the Nigeria Union of Pensioners’ Building in Agbarigo, Onireke, Ibadan. The Commissioner told the retirees that this will ensure a seamless and secured payment process, free from any potential disruptions. Olayiwola disclosed that the initiative will involve capturing and validating retirees data from June 2014 to December 2014 and June 2019…

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CBN Sells N1.6trn OMO Bills to Investors at 21.8%

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CBN Sells N1.6trn OMO Bills to Investors at 21.8% The Central Bank of Nigeria (CBN) sold N1.63 trillion in OMO bills to investors, market participants in two auctions conducted this week. The fast and furious OMO bill allotment followed two failed auction where bids were rejected. The demand for OMO bills was supported by improved system liquidity from residual FAAC credit. At the first OMO auction, the CBN sold ₦869.46 billion, with the stop rate on the 1-year paper at 21.89%, according to investment banking firms notes. Thereafter, the CBN sold ₦758.00 billion, with a stop rate on the 1-year…

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Investors Record Huge Gain in Equities Market

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Investors Record Huge Gain in Equities Market Investors recorded another huge gain from stocks in the equities segment of the Nigerian Exchange (NGX) on Friday. The market closed the week on a positive note, with investors adding N99 billion to their portfolios. Notably, the market capitalisation of listed equities increased by N99 billion, or 0.18 per cent from an opening of N55.379 trillion to settle at N55.478 trillion. The All-Share Index also went up by 0.18 per cent or 172.13 points, to close at 96,580.01, against 96,407.88 recorded on Thursday. As a result, the year-to-date (YTD) return rose by 29.16…

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Nigeria, UK Collaborate on Civil Service Reform

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Nigeria, UK Collaborate on Civil Service Reform The Head of Civil Service of the Federation (HOCSF), Mrs Didi Walson-Jack, and her UK’s counterpart, Rt. Hon. Simon Case, have agreed to collaborate, strengthen ties and advance Nigeria’s civil service reforms. The move was made when Walson-Jack met with the UK Cabinet Secretary and Head of the Civil Service, Rt. Hon. Case in his Cabinet Office in London. Mrs Eno Olotu, Director, Communications, office of the HOCSF said this in a statement in Abuja on Saturday. Olotu said that key discussions of the meeting focused on capacity building, knowledge management, and enhancing…

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