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.
Analysts Maintain Sell Rating on Neimeth Stock Despite Rally. Amid rising cases of COVID-19, Neimeth Pharmaceutical Plc stock rallied in the past weeks, though it has also dropped having gained more than 45% in a week
OBU Mines: BUA Threatens Dangote Group with Contempt of Court Proceedings. BUA Group on Wednesday threatened to initiate contempt of court proceedings against Dangote in three days, if it fails to remove the excavators and trenches used in barricading the entrance of Obu Mines.
NSE Goes South as Equities Investors Take Profits. Equities segment of the Nigerian Stock Exchange continues the bearish run for the second day in the week.
AfDB COVID-19 emergency packages reach 5 geographic regions. The African Development Bank (AfDB) says its COVID-19 emergency packages have reached five geographic regions in Africa. The AfDB’s Communications and External Relations Department made this known in a statement on Saturday.
Dangote Cement: 24% of Group’s Total Debt Expose to FX – Puchercos. Dangote Cement Plc tells analysts representing various investors’ interest that the company’s balance sheet, cash flow position remains strong despite the development in the global economy.
Outlook on Sub-Saharan Sovereigns is Negative – Fitch Ratings. Fitch Ratings has maintained that the outlook on Sub-Saharan Sovereign remains negative despite the gradual easing of economic lockdown in the region.
MTN Nigeria Completes ₦100 billion Working Capital Raise. MTN Nigeria Communications (MTNN) Plc on Tuesday
FIDSON: Analysts Upgrade Estimates on Solid Earnings Performance. Analysts at Meristem stated that following the upward price review of its products in the fourth quarter (Q4) of 2018, FIDSON recorded low patronage throughout the 2019 financial year.
NOVA predicts NAFEX to hit ₦410 as dollar scarcity hinders repatriation. Nova Merchant Bank Limited has predicted that the Nigerian Autonomous Foreign Exchange rate could further weaken to N410 to a dollar.
Nigerian Banks Will Not Remain Resilient in Performance – FSDH. FSDH Merchant Bank has stated that it expects aftermath of COVID-19 economic slowdown to weigh on Nigerian Banks.