- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
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.
Nigeria’s Big Banks Market Value Climbs to N4.81 Trillion Nigeria’s Tier-1 banks combined market value jumped above N4.81 trillion in the stock market due to buying interest in Zenith, UBA, and FBN Holdings Plc, according to data from the Nigerian Exchange. On the sell side, investors reduced interest in Access Holdings and GTCO Plc, with both closing the week negative, in contrast to equities market direction. With earnings releases, analysts forecasted that investors would start betting on the earnings prospects of big banks that are yet to release their financials. MarketForces Africa gathered that banks with stronger earnings per share,…
Transcorp Power Plc lost about 10% of its market value on the Nigerian Exchange (NGX) after moderate shares exchange hands.
Stock market value of Stanbic IBTC Holdings Plc declined amidst a plan to release its delayed earnings release this week.
On the back of renewed move to defend the naira, Nigeria’s gross external reserves declined by about $506 million over sustained outflows spanning 16 days in
Nigerian banks and foreign portfolio investors (FPIs) stake huge bets totalling N1.6 trillion on OMO bills at the two primary market auction conducted by the
Investors trading highs and lows on the Nigerian Exchange (NGX) recorded N348 billion gain in the equities market following strong buying interest in oil
FBN Holdings Plc (Ticker: FBNH) share gained moderate popularity in the equities market among buy side investors who raised their positions on the financial
Market value of MTN Nigeria Plc declined in the stock market due to selloffs. Investors rotated away from telecom stock plagued the telecom company market value
Vice-President Kashim Shettima has announced that the Federal Government’s healthcare reforms have attracted over 4.8 billion dollars in potential investments.
The Federal Government says it plans to invest 800 million dollars in the construction of sub-stations and distribution networks as part of the Presidential