- NEAR Protocol Dips 10% Over Alleged Stolen Patented Technology
- XRP Seeks Catalyst to Halt Downtrend, Breaks Below $1.30
- Bitcoin Drops to $80.5k on Spot ETFS Outflows, AI Stocks Rout
- Naira Touches N1,395 to US Dollar as FX Order Book Surges
- Nigeria’s Gas Reserves Rise 3% to 215.29 Trillion Cubic Feet
- Oil Prices Edge Higher, Brent Rises 5% Week-on-Week to $115
- FirstHoldco Soars on Earnings Beat, Otedola, RC Hold 50% of All Shares
- XRP Upside Rises to 35% as Ledger Upgrade Delayed to Nov.
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.
The annual inflation rate in Uganda rose to a five-month high of 2.8% in January 2024, up from 2.6% in each of the previous two months, according to
Oil Rallies on Monday after the United States and United Kingdom attacked Houthis last week. Today, brent price increased to $77.59 per barrel.
The Debt Management Office (DMO) has announced two Federal Government of Nigeria (FGN savings bonds for subscription at N1,000 per unit.
The Nigerian Immigration Service (NIS), Benue Command, on Monday, sent back home 18 Cameroonian irregular immigrants residing in Makurdi
Elites destroyed the naira for personal gains, there is no doubt about that, critics said on Monday after the apex bank spotted $2.4 billion fraudulent foreign currency requests
Positive share price movements registered by banking and industries stock have pushed the Nigerian Exchange higher during the intraday trading sessions,
As the regulator continues to fine-tune policy for inclusive growth, the apex bank has said it will stop daily cash reserves ratio debit on Nigerian banks
The average yield on the Nigerian Treasury bill climbed by 269 basis points in the secondary market …
Banks to Wind Down FCY Loans, Capital to Slide–S&P The sharp devaluation of the Nigerian naira will impact deposit money banks’ (DMBs) capital position in the first quarter of 2024, S&P Global said in its latest rating note. With the new FX guideline, the rating firm predicts that DMBs will start to wind down their foreign currency loans to further reduce risks. The Central Bank of Nigeria (CBN) asked banks to sell down their foreign currency holdings as authorities seek to upturn the fortune of the naira, its weak local currency. The naira has been on a decline over the…
The Nigerian naira settled at N1435.53 following the apex bank notice to deposit money banks to reduce their net foreign currency position to 20%