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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.
Nigerian Eurobonds rallied in international markets as investor sentiment improved after midweek sell-offs in US dollar-denominated sovereign notes.
Nigerian Treasury Bills Rally after Midweek Rates Swing The Nigerian Treasury bills rallied in the secondary market after the Central Bank of Nigeria (CBN) made a slight adjustment to spot rates at the midweek auction. Trading activities at the secondary market ended on a bullish note on Thursday, with average yields at the mid and long segments of the curve declining by 4bps and 3bps, respectively. Yields contracted as lost bids at the midweek auction filtered into the secondary market. The market recorded buying interest in Nigerian Treasury bills with maturities of 25-MAR (-31 bps), 5-NOV (-15 bps), and 3-DEC…
Meta says its digital platforms contribute an estimated $ 820 million annually to Nigeria’s economy while helping millions of businesses expand their customer reach nationwide.
The Nigerian local currency, naira, climbed against the US dollar at the Nigerian foreign exchange market (NFEM) amid improved hard-currency liquidity.
Unilever Nigeria, International Breweries and other risers drove the Nigerian Exchange (NGX) All-share index (ASI) higher by 5 basis points on Thursday.
Short Market Brief- Elon Musk’s SpaceX initial public offering (IPO) is poised to achieve an impressive valuation of approximately $2 trillion.
Hyperliquid (HYPEUSD) gained about 15% to $57.12, as crypto data indicate that exchange-traded fund (ETF) inflows surpassed the number of tokens burned.
NVIDIA Profit Soars to $58bn in Q1 on AI Demand Boom With net income of $58.3 billion, Nvidia doubled its earnings in Q1 2027 from the equivalent period in its financial year 2026. Its adjusted earnings per share (EPS) rose 100% year on year (y/y) to $1.87, comfortably surpassing Bloomberg’s $1.77 estimate. Revenue was a record $81.62 billion, up by 85% y/y, ahead of market expectations of $79.19, driven by continued strength in AI demand and Blackwell ramp-up. Data Centre revenue increased 92% y/y to $75.2 billion, beating estimates of $73.48 billion, mainly driven by the ramp-up of Blackwell 300…
South African local currency, Rand is trading sideways on Thursday after inflation data released amidst ongoing negotiation between the US and Iran as part of an efforts to reopen Iran’s Strait of Hormuz.
XRP price climbed by 1.05% to $1.38 as Ripple partners with Project Eleven to audit its ledger. The token, which had hit a low below $1.30, ticked up, closely tracking Bitcoin’s 1.06% gain.