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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.
Bulls stage comeback into the Nigerian Exchange (NGX), gaining N902 billion after two days bloodbath ….
International Breweries Plc’s loss widened by 175% in 2023 as the company’s foreign currency liabilities on its balance sheet resulted in huge losses due to a rapid depreciation of Nigerian naira.
Total Energies and Marketing Nigeria Plc’s profit declined by about 20%, according to details from its financial statement as higher funding costs damaged positive impacts of healthy revenue growth.
In the secondary market, there was strong sell-side trade on Nigerian Treasury bills as the local currency, the naira, lost its shine on Monday. The yield curve shifted upward in reaction to Nigeria’s market conditions.
Dangote Cement Plc has crossed N13 trillion in market valuation, the first of its kind on the Nigerian Exchange
Crown Takaful Insurance Obtains NAICOM Approval to Begin Operation Crown Takaful Insurance Ltd. has received an operating licence from the National Insurance Commission (NAICOM) to begin business, Managing Director, Mr Abubakar Song, confirmed this in a statement on Monday in Abuja. Song said the licence was coming barely a few weeks after the issuance of approval-in-principle by the NAICOM on Dec. 18, 2023. He said Crown Takaful Insurance was entering the risk-underwriting market as a solution provider. Song said flagging off the company’s operations could not have come at a better time than now when the world was grappling with…
EC, AfDB Unlock New Funding for African Infrastructure Projects On the sidelines of this week’s Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa. The European Union’s contribution to co-finance operations with the African Development Bank has significantly increased over the last two years, now amounting to €972 million in blending operations and guarantees. This figure will further increase after the signing of the new Financial Framework Partnership Agreement. Signed by European Commission President Ursula von der Leyen and African Development…
The average yield climbed as the Central Bank of Nigeria (CBN) increased spot rates on Nigerian Treasury Bills auctioned …
The market value of Unity Bank Plc tumbled by 16.6% as the Nigerian small lender’s shareholders offloaded…
Cadbury Nigeria Loses 21% as Profit, Shareholders Turn Red Cadbury Nigeria Plc shed about 21% of its market valuation as shareholders, stock traders offloaded the consumer goods company’s stock after its earnings disappointment. The company, which is a major player in the fast moving consumer goods sector, posted N27.63 billion loss in its unaudited financial statement for 2023. Its shareholders’ funds also plunged. Though revenue climbed by more than 45%, 2023 could be the worst year ever for Cadbury Nigeria Plc, a company that has seen both the red and green sides of the local operating conditions in the market.…