- 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.
Following an order of Honourable Justice I. N. Buba of the Federal High Court Lagos Division, the Asset Management Corporation
The Nigerian local currency, the naira, depreciated further, crossing a new red line amidst the ongoing foreign exchange
Growth in sub-Saharan Africa is expected to slow to 3.6 percent in 2023, as a “big funding squeeze”,
The Central Bank of Nigeria has disowned a fake recruitment portal, created in its name and inviting eligible
Chairman of Dangote Cement Plc, Aliko Dangote has guaranteed shareholders and other stakeholders
The Naira weakened against the United States dollar at Investors, Exporters’ FX window, trading lower at N463.37. Conversely, the parallel market appreciated by 0.44% to N741 (from N744).
Federal Government of Nigeria bond yields benchmark advanced as investors sold off portions of their
Yield Rises as Banks Sell Treasury Bills to Boost Liquidity The average yield on Nigerian Treasury bills rose further on Tuesday after local deposit money banks (DMBs) facing liquidity pressures unpacked a portion of their investment securities holdings to boost their positions. Likewise, some fund managers also moved to rebalance holdings following higher spot rates at the apex bank primary market auction. By market consensus, the spot rates re-pricing trend is expected to continue due to changing market dynamics. Money pricing was altered by the monetary policy tightening that saw the benchmark interest rate hike to 18% after more than…
The Nigerian local currency, the naira, appreciated by about 0.1% to N462.88 per United States (US) dollar
Mobile network operator, MTN Nigeria Plc, has become the most valuable brand on the Nigerian Exchange, according to trading data from the local bourse on Tuesday. The company’s stock now leads brands like Airtel Africa, Dangote Cement, BUA Cement and BUA Foods