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- Money Market Rates Fall as Banking System Liquidity Rises
- 10-Year U.S. Treasury Yield Tops 5.1%, Highest Since 2007
- Naira Depreciates Across FX Markets on Liquidity Squeeze
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.
The Ministry of Industry, Trade, and Investment (FMITI), says its Skill-UP Artisans Programme (SUPA) will empower 10 million Nigerians with industrial skills
The Federal Government has secured investment commitments of more than 30 billion dollars across different sectors of the economy.
The Nigeria Customs Service (NCS), Seme Area Command, says it generated N2.63 billion between January and May.
Dr Doris Anite, Minister, Industry, Trade, and Investment(FMITI), says President Bola Tinubu Administration’s N200 billion Presidential Palliative Programme
The total transactions by foreign investors on the Nigerian Exchange Ltd. (NGX) increased by 28.19 per cent between March and April.
Dr Chinyere Almona, Director General, Lagos Chamber of Commerce and Industry (LCCI), has described the economy, under the Present Bola Tinubu’s administration
Dr Akinwunmi Adesina, the Group President, African Development Bank (AfDB), said Africa is losing about seven to 15 billion dollars annually to the ravages
Dr Akinwunmi Adesina, the President, African Development Bank(AfDB) Group, says Africa will drive global agenda on renewable energy and green transitions.
Naira Sees Large Daily Gain as FX Pressure Eases The Nigerian naira saw a large daily gain in the official window as foreign currency liquidity challenge eased. According to data from FMDQ Securities, which shows the official exchange rate, the naira appreciated by 9.68%. The local currency exchange rate cleared at ₦1,339.33 per US dollar on Monday for eligible transactions conducted via the Nigerian autonomous foreign exchange market. However, the parallel market saw the naira weaken by 0.40%, ending at N1,500 per US dollar, as the market anticipates that the Central Bank of Nigeria, CBN, will sell FX to Bureaux…
The Bank of Ghana kept its benchmark monetary policy rate steady for a third consecutive meeting at 29% on May 27th 2024, aiming to control inflation