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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.
The banking system’s excess liquidity surged as the monetary authority maintained its stance of economic tightening while seeking to tame Nigeria’s double-digit headline inflation.
CBN Reprices Nigerian Treasury Bills Rates at Midweek Auction The Central Bank of Nigeria (CBN) repriced spot rates on Nigerian Treasury bills slightly at the midweek auction. The authority conducted a primary market auction, during which a total offer of N650 billion was placed on the table for subscription across standard tenors. The market showed a recorded healthy appetite for the naira asset with total subscription printing at about N2 trillion, according to the auction results. The CBN offered to sell 91-day treasury bills worth N100 billion, but subscription came much lower at N68.626 billion. A total allotment of N67.446…
The naira steadied against the US dollar at the official window as the Central Bank of Nigeria continues to chase headline inflation with 26.5% policy rate retention.
The yield on Nigerian sovereign Eurobond shifted higher amid negative investor sentiment across African issuers, primarily driven by inflation outlook and fiscal pressures.
The Central Bank of Nigeria (CBN) monetary policy committee (MPC) maintained the status quo on rates at the end of a two-day meeting on Wednesday.
The South African rand (ZARUSD) opens trading on a weak note after the local unit was sold off amid rising crude oil prices, a direct consequence of Middle East tensions.
UK Headline Inflation Declines to 2.8% in April United Kingdom (UK) headline inflation fell sharply to 2.8% in April 2026, well below the 3.3% recorded in March and below the consensus forecast of 3.0%. The data from the Office for National Statistics (ONS) showed that petrol price inflation, in isolation, reached its highest level since 2022 at 23% in April – up from 4.9% in March. According to ONS, the core consumer price index (CPI) similarly moderated to 2.5%, while the Retail Price Index rose by 3.0%, landing significantly below the 3.6% market estimate. The sudden cool-down was a structural…
Global equities shuddered as rising bond yields and persistent inflation fears rippled through markets, driving increased demand for safe havens.
Binance Coin (BNB) price slipped 1.03% to $638.68 on Tuesday amid broader crypto market selloffs, primarily driven by a risk-off rotation away from altcoins.
Ethereum (ETH) price declined to $2,104.22 amid a large crypto transfer initiated by BlackRock, underperforming a slightly weaker broader market.