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.

NGX Index Rises as Sterling, Coronation List Private Placements

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NGX Index Rises as Sterling, Coronation List Private Placements The Nigerian Exchange (NGX) All-Share Index (ASI) rose by more than N1.91 trillion on Monday, driven by buying interest and additional shares listed by financial institutions. The stock market closed out trading for August on a bullish note, as key performance indicators showed mixed results – for trading and additional shares listed by Sunu Assurance, Coronation Insurance and Sterling Financial Holdings. The NGX-ASI rose by +1.20%, while the market capitalisation increased by +1.23%. The mixed performances of these indicators can be attributed to the additional listings of 2,075,285,714 Ordinary Shares of…

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XRP Falls as Ripple Prime Opens Wall Street Swap Desk

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XRP Falls as Ripple Prime Opens Wall Street Swap Desk XRP is down 3.04% to $1.35, underperforming a slightly negative broader market, primarily driven by a macro-induced risk-off sentiment that pressured altcoins. The move appears consistent with a technical retest of a major support zone after a sharp rally. Traders said a broader market pullback was triggered by hawkish Federal Reserve commentary, which dampened risk appetite and led to selling pressure across crypto assets. The primary driver is a market-wide risk-off shift. Hawkish comments from Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium on August 28 emphasised the…

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MTN Nigeria Dips Ahead of Scheduled Dividend Payments

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MTN Nigeria Dips Ahead of Scheduled Dividend Payments The stock market value of MTN Nigeria Plc.’s 20.995 billion shares outstanding declined to N16.250 trillion ahead of the telecommunications company’s interim dividend payment scheduled for Sept. 7, 2026. MTN Nigeria share price fell about 4% in 7 days to N774 at the close of the trading session on Friday as 2.646 million units valued at N2.050 billion were traded in the market. The telecom giant is scheduled to pay N26 as an interim dividend to shareholders. The market anticipates the dividend payment to reduce MTN’s share price, with the third-quarter earnings…

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