- Market Alert: CBN to Auction N700bn in Nigerian T-Bills Midweek
- Naira Appreciates to N1,329 as External Reserves Reach $53.806bn
- Financial, Oil Stocks Boost NGX Index, Investors Gain N1.22trn
- Erin Piacenti, Bank of America VP, Killed in Times Square Attack
- Former British PM Starmer Steps Down as MP
- GDP Growth Yet to Translate Into Improved Living Standards
- Qatar Says Diplomatic Efforts Intensify to End Strait of Hormuz Crisis
- Wall Street Dwindles as US Treasury Yields Weigh on Sentiment
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.
Capital importation into the Nigerian economy slumped by about 27% between 2022 and 2023 …
Naira Suffers over US Dollar Scarcity, GBP Crosses N2000 The Nigerian naira suffered further setbacks from regaining its strength as exchange rates across forex markets continue to inch toward the worst ever red line. Both official and parallel markets saw demand exceeding total foreign currency supply despite multiple efforts to save the local currency from freefalling. At the Nigerian autonomous foreign exchange market, the Naira depreciated by 3.94% to close at N1,598.54 per US dollar on Monday, data from the FMDQ platform showed. Similarly, in the parallel market, the Naira weakened against the US dollar to close at N1,700 per…
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