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.

Nigerian Big Banks See Fast, Furious Decline in Valuations

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Nigerian Big Banks See Fast, Furious Decline in Valuations Equity investors in the Nigerian stock market have priced down shares of top five banks in Nigeria, with combine valuation now less than N2.375 trillion, from more than N2.6 trillion. Read: Nigeria’s Top Banks Valuations Sink as Investors Take Early Exits Most of the banks has seen their valuations decline after financial year 2021 earnings release. In the last seven trading sessions, banking sector has shed 4.6% of its previous week valuation, majorly driven by price down in mid to large capitalised stocks amidst industry’s rivalry and increased margin-dilutive regulations. Nigerian…

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