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.

Ecobank to Sell $200m Bad Loans to Restructure Nigerian Balance Sheet

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Ecobank to Sell $200m Bad Loans to Restructure Nigerian Balance Sheet Pan African lender, Ecobank Transnational Incorporation, balance sheet cleaning effort has begun to yield positively on the group performance as earnings skyrocket in the first half of the financial year 2022. READ: Ecobank Bolsters Earnings, Sees Double Digit Profit Growth However, Nigeria’s market has remained tough as Ecobank Nigeria Limited is still faced with weak capital, a high cost-to-income ratio and legacy bad loan pressures which have continued to drag performance. As part of an effort to reflate performance across markets, Ecobank Nigeria looks to offload $200 million in…

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