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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.
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Liquidity: Cash-Rich Nigerian Banks Influence ‘Rate’ Amidst strained liquidity experienced in the financial system, some highly liquid Nigerian deposit money banks have raised rates on their short-term loans to peers, according to market analysts’ note. The bank in the category includes the sector’s heavyweights in the Tier-1 capital category. MarketForces Africa reported recently that deposit money banks offloaded their Nigerian Treasury Bills holdings to reduce their positions as part of efforts to meet regulatory daily liquidity requirements. As a result of market pressure on funding costs driven by interest rate hikes and cash reserve ratio debits for failing to meet…