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.

Banks Borrow N8trn from CBN to Boost Liquidity

Economy

Banks Borrow N8trn from CBN to Boost Liquidity Deposit money banks (DMBs) borrowed N8 trillion from the Central Bank of Nigeria’s (CBN) standing lending facility (SLF) as the need for funding became necessary for lenders. The fresh credit support from the window lifted liquidity levels in the financial system, and short-term interest rates adjusted downward, data from FMDQ platform shows. With double digits short term benchmark interest rates, banks have started to increase lending rates on credit creation, reflecting the CBN hawkish position. Money market rates have come under pressure recently due to large auction tickets sold by the authority.…

Read More