- BTC, ETH, XRP Dive, Japan Reclassifies Crypto as Financial Assets
- Oyo Govt Approves Over N35bn for Agriculture, Others
- Tantalizers Assures Shareholders of Sustainable Growth
- Naira Rises as Foreign Reserves Approach $52 Billion
- BUA, Insurance, Tech Stocks Drag NGX Indices Lower
- NCC Reviews MVNO Business Rules to Deepen Competition, Expand Telecom Access
- XRP Trades Soft as Ripple Urges Senate to Support Clarity Act
- Solana Slips after SBI Taps Network for Tokenised Japan Equity Fund
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.
Central Bank of Egypt data showed that its net foreign asset (NFA) position decreased a sharp $13.7 billion
The Nigerian Exchange (NGX) gains about N320 billion, inched near N26 trillion capitalisation midweek
Streaming giant Netflix saw its stock tumbling by 25 per cent after it reported a loss of 200,000 paid
Pan-African lender, United Bank for Africa (UBA) Plc, overstated the amount reported to regulators and investing public as profit by more than N4.6 billion in the financial year 2020, its recent audited report shows.
Dollar Touches 2-Year High, Downside Risk Persists for Euro The United States (U.S) dollar touches two year high on the index amidst Federal Reserve hawkish posh. Currencies traders said in separate notes that USD still has room to gain further. Hawkish expectations on Fed tightening have continued to offer a supportive narrative to the dollar, which has retained good momentum after the Easter break, ING Economics said in a commentary. Yesterday, FOMC arch-hawk James Bullard signaled openness to a 75 basis points hike, despite acknowledging that this is not his base case. The yen is once again emerging as the…
Senate has passed the revised budget for fiscal year 2022 to N17.3 trillion.
Naira Sheds Weight across FX Markets, Hits N590 The Nigerian local currency, naira, falls at the official foreign exchange and also weakened in the parallel market ahead of the Easter celebration due to demand pressures amidst dollar scarcity. At the investors’ and exporters’ foreign exchange window, the local currency was weakened to N417.50, a break out from the resistance spot level seen in the prior weeks. This signal mounting pressures which could lead to naira losing value further. In the parallel market, Naira depreciated to N590 from N588 at the beginning of the week, yet another resistance level seen in…
The Nigerian Exchange (NGX) closed higher on Thursday as treasures hunting equity investors stake large
Relatively thin trading on the Nigerian Treasury bills keeps the average yield flattis
Oil dips as the market balanced supply shocks and low demand by Chine following a fresh invasion