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.

Borrowings, Loan Swap to Push Nigeria’s Debt to N77trn

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Borrowings, Loan Swap to Push Nigeria’s Debt to N77trn Nigeria’s total public debt could rise to N77 trillion in 2023 following a request for approval for a loan-to-bond swap and new borrowings to fund the 2023 budget, according to the Debt Management Office -DMO. As of the third quarter of 2022, total public debt crossed N44 trillion, though Debt office believes that the debt to gross domestic product is still within fiscal responsibility act. Nigeria President, Muhammadu Buhari is seeking approval from the lawmakers to restructure the Ways and Means Advances obtained from the Central Bank of Nigeria during his…

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