- 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.
- UK’s Dividend Tax is Fatally Flawed, Budget Could Drag Investors Back to the 1970s
- Dangote, FirstHoldCo Halt NGX Downtrend, Investors Gain N1.47trn
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.
Airtel Africa’s chief executive told analysts conference today that the company profit slumped by $5 million
The Naira depreciated against the dollar on Wednesday, exchanging for N463.02 at the investors’
As the bears made a fresh appearance, the equities market lost N216 billion midweek
Transcorp Plc: Between Otedola, Elumelu The recent short-changed battle for control at Transcorp Plc has proven that it’s close to impossible for two strategic billionaire investors to co-exist. Don’t hate the players, hate the game. Before the fact emerged, MarketForces Africa wrote that Femi Otedola’s investment in Transcorp Plc shares was agenda driven. Of course, no Broadstreet geek expects Tony Elumelu to give up easily after so much effort has been put into turning Transcorp Plc around. Years after it came to the stock market at N7.30, Transcorp’s share is trading below N3 and the company has a weak dividend…
For UAC of Nigeria Plc, 2022 was a difficult year as the consumer goods company failed to add value to its shareholders.
Nigerian naira fell due to an imbalance in demand and supply levels at the Investors’ and exporters’ foreign exchange
Nigeria’s foreign reserves which printed at $35 billion as of Friday, according to data from the Central Bank
Fitch Ratings has affirmed Nigeria’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a
Market price slumped as Asset, Fund Managers offloaded large bucket of long-dated Nigerian Treasury bills
The Nigerian naira rebounds against the United States (US) dollar domination in the foreign exchange