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.

Naira Sheds Weight across FX Markets, Hits N590

FX Market

Naira Sheds Weight across FX Markets, Hits N590 The Nigerian local currency, naira, falls at the official foreign exchange and also weakened in the parallel market ahead of the Easter celebration due to demand pressures amidst dollar scarcity. At the investors’ and exporters’ foreign exchange window, the local currency was weakened to N417.50, a break out from the resistance spot level seen in the prior weeks. This signal mounting pressures which could lead to naira losing value further. In the parallel market, Naira depreciated to N590 from N588 at the beginning of the week, yet another resistance level seen in…

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