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.
Nigeria to Record its Largest Economic Decline in Q2– FSDH
Nigeria’s economy expands 1.87% despite global disruptions. The National Bureau of Statistics (NBS) says the country’s Gross Domestic Product (GDP) grew by 1.87 percent year-on-year in real terms in the first quarter of 2020.
Nigeria’s Oil Supply Quota Caps at 1.41 Million Barrels Per Day. As per efforts to reflate, stabilise global prices of oil, Nigeria is expected to slash daily oil supply to 1.41 million barrels per day (MMbpd) base on quota from the Organisation for Petroleum Exporting Countries.
The shareholders of the Central Securities Clearing System (CSCS) Plc has approved total dividend of ₦4.3 billion declared by the board for 2019. The shareholders gave the approval at the company’s virtual 26th Annual General Meeting (AGM) by proxy, held at the Nigerian Stock Exchange (NSE) on Friday.
In line with analysts’ projections, the nation’s reported an increase in general (average) price level for April. The National Bureau of Statistics (NBS) says the Consumer Price Index (CPI), which measures inflation, increased by 12.34 percent in April 2020.
Oil supply cut will hurt Nigeria’s economy – Fitch Ratings. Fitch, an international rating, agency has stated that reduction in Nigeria’s oil supply into the market will affect growth, and impact on the nation’s external finances.
Stanbic IBTC holds AGM by proxy on June 17
Access Bank Plc, Nigeria’s largest bank by total assets is in dilemma. As the group’s operating expenses skyrocketed after its successful merger and acquisition deal, empathy and capitalism is at war in the lender’s domain.
FCMB Plc said it will restructure about half of its loan portfolio as the group sustains uptrend performance
Budget deficit swell more than twice to ₦5.3 trillion on sharp fiscal adjustment