Author: Julius Alagbe
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.
XRP price increased by about 2% to $1.36 as Ripple announces a list of stablecoins on the South Korean Exchange Coinone, amidst the launch of its unified Treasury platform on April 1.
The naira halted two days of depreciation on Wednesday, gaining 0.58% to ₦1,378.70/$ at the official window as foreign payment pressures eased from N1386 per dollar.
NGX Index Rises by 21bps as FCMB, VFD Group List Shares Nigerian Exchange (NGX) All-share index (ASI) rose by 21 basis points as FCMB and VFD Group listed additional shares in the local bourse on Wednesday. The local bourse opened the new month in positive territory, as key performance indicators showed mixed outcomes. The NGX-ASI increased by 0.21%, while the market cap rose 0.46% due to a new listing. The market welcomed the additional listing of 5,067,396,400 ordinary shares of 50 Kobo each of VFD Group, as well as the listing of 23,182,887,000 Ordinary Shares of 50 Kobo each arising…
The Central Bank of Nigeria (CBN) has announced the successful conclusion of the banking sector recapitalisation programme initiated in March 2024.
Renaissance Hails NUPRC As Company’s Gas Production Hits 2.2bcf Renaissance Africa Energy Company Nigeria Ltd has commended the regulatory reforms of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), praising the Commission for driving its recent production growth, including a record 2.2 billion cubic feet (bcf) of gas output. The company’s Managing Director and Chief Executive Officer, Chief Tony Attah, made this known during a courtesy visit to the Commission’s headquarters in Abuja to mark its one-year anniversary. Specifically, the CEO of Renaissance expressed appreciation for the Commission’s regulatory support, noting that the enabling environment has been critical to the company’s…
XRP price rose by 3.23% over the last 24 hours, reaching $1.35, driven by optimism over Ripple’s partnership with Convera and recent regulatory developments.
Ripple (XRP) climbed to $1.34 after hitting $1.30 on Tuesday as Ripple announced a collaboration with Convera to deliver stablecoin-enabled cross-border payments and treasury solutions for businesses.
GTCO Declares N11.76 as Final Dividend for 2025 Guaranty Trust Holding Company Plc (GTCO) has reported a profit after tax of N865.75 billion for the 2025 financial year and declared a final dividend of N11.76 per share. The group disclosed this in its audited results for the year ended Dec. 31, 2025, filed with the Nigerian Exchange Group and the London Stock Exchange. Profit before tax stood at N1.23 trillion, supported by growth in core earnings, with interest income and fee income rising by 23.2 per cent and 25.9 per cent year-on-year, respectively. The company noted that the 2024 performance,…
With an allotment of about N854 billion, the Central Bank of Nigeria (CBN) floated N600 billion in OMO bills for subscription at the primary market auction on Tuesday.
GCR Ratings has upgraded Coronation Group Limited’s (CGL) national scale long and short-term issuer ratings to A-(NG) and A1(NG), respectively, from BBB+(NG) and A2(NG) previously.