Author: Julius Alagbe
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.
Valued at $811 million on Thursday, Render (RNDR) has gained 5.6% over the last 24 hours, reaching $1.56, as the AI narrative buoyed retail investors’ sentiment.
CBN Reduces Interest Rate on 364-Day Treasury Bills The Central Bank of Nigeria (CBN) has lowered the interest rate on Nigerian Treasury bills with a one-year maturity, according to details from the primary market auction results. This decision follows substantial investor interest, with N2.56 trillion staked against an offer of N600 billion for Treasury bills with a one-year tenor, as against aggregate subscription of N2.78 trillion recored. On Wednesday, the CBN conducted a primary market auction, offering N850 billion in Nigerian Treasury bills across three standard tenors: 91 days, 182 days, and 364 days. Specifically, the CBN placed N100 billion…
Oando to Delay Audited Financial Results for 2025, Q1 Oando Plc has told the Nigerian Exchange and its shareholders that the group will not be able to publish its 2025 Audited Financial Statements by the regulatory deadline of March 31, 2026. In its disclosure, the indigenous energy company said it expects to complete and file the 2025 audited results on or before May 30, 2026. The delay is principally due to the ongoing migration and integration of the Company’s legacy Enterprise Resource Planning (ERP) systems, which were inherited as part of its recent acquisition of Nigerian Agip Oil Company Limited…
The Central Bank of Nigeria (CBN) mopped up $200 million in naira equivalent at the foreign exchange market as part of an effort to stabilise the local currency.
Global economic growth should be steady this year, provided the current oil price shock is not prolonged, Fitch Ratings says in its latest March 2026 Global Economic Outlook (GEO).
President Bola Tinubu has approved a targeted fiscal incentive designed to unlock the long-awaited Final Investment Decision (FID) on the Bonga Southwest Aparo (BSWA) deepwater project.
The single currency of the European countries (the euro) strengthened against the US dollar on Tuesday as oil prices retreated following U.S. President Donald Trump’s remark that the war in Iran would end soon.
The naira halted its negative trend in the foreign exchange market after data showed the Central Bank of Nigeria (CBN) pumped dollars to influence the direction of the spot rate at the official window.
The Central Bank of Nigeria (CBN) is set to conduct its second Treasury Bills auction for the month on Wednesday, with a total offer of N850 billion in the bucket for subscription.
GCR Ratings (GCR) has withdrawn the national scale long-term and short-term issuer ratings of BBB-(GH)/A3(GH) assigned to Letshego Ghana Savings and Loans PLC without review.