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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.
Yield Rises as Banks Sell Treasury Bills to Boost Liquidity The average yield on Nigerian Treasury bills rose further on Tuesday after local deposit money banks (DMBs) facing liquidity pressures unpacked a portion of their investment securities holdings to boost their positions. Likewise, some fund managers also moved to rebalance holdings following higher spot rates at the apex bank primary market auction. By market consensus, the spot rates re-pricing trend is expected to continue due to changing market dynamics. Money pricing was altered by the monetary policy tightening that saw the benchmark interest rate hike to 18% after more than…
The Nigerian local currency, the naira, appreciated by about 0.1% to N462.88 per United States (US) dollar
Mobile network operator, MTN Nigeria Plc, has become the most valuable brand on the Nigerian Exchange, according to trading data from the local bourse on Tuesday. The company’s stock now leads brands like Airtel Africa, Dangote Cement, BUA Cement and BUA Foods
Airtel Africa Plc recorded a 10% price down in its market valuation as sell-side investors unpacked the telecoms
Trading activities on the Nigerian Exchange ended on a negative note after the Easter celebration with a deep cut
Bitcoin touched a fresh 10-month high at $30,438 on Tuesday before last fetching $30,053, after breaking free
Nigeria’s naira displays sideway performance, though it has reduced in value across foreign exchange markets
Nigeria Eurobond prices fell, pushing yields higher, as investors in the international debt capital market
Nigerian deposit money banks (DMBs) are battling liquidity pressures, and this has resulted in sustained borrowings
The Nigerian continues to nosedive across the foreign exchange (FX) markets as hope for recovery begins to look …