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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.
Profit-taking in shares of top big banks knocked about N545 billion off the Nigerian Exchange (NGX) equities market capitalisation, marking the sixth consecutive downturn since last week.
South African Rand Weakens Ahead of Bonds Auction South African rand weakened marginally on Tuesday despite continued pressure on the US dollar. The rising energy crisis has stoked inflationary pressures, which are anticipated to drive global interest rate hikes. On Tuesday, the South African local currency, the rand, is trading at R16.25 per dollar, R18.81 per euro, and R22.00 per British pound, said the stockbroking and portfolio management subsidiary of First National Bank (FNB) in a brief. Softer US economic data last week, including weaker retail sales, employment and inflation readings, have reinforced expectations that the Federal Reserve will keep…
Nigeria’s sovereign Eurobonds faced selling pressure in the international market as foreign portfolio investors continue to pile into US Treasuries amid elevated yields.
The average yield on Nigerian Treasury bills increased as investors trimmed positions in the secondary market amid sustained deceleration in inflation.
Money market funding rates eased ahead of anticipated inflows of more than N2 trillion from NGOMOB, a financial market ticker prefix used for Open Market Operations (OMO) zero-coupon bills and short-term securities issued by the Central Bank.
Ripple today announced a partnership with Jeonbuk Bank, making it the first regional bank …
Ripple (XRP) price slipped 1.11% to $0.98972, underperforming the Bitcoin market…
The Minister of Finance and Coordinating Minister of the Economy, Prof. Taiwo Oyedele
The Debt Management Office (DMO) reduced rates on Nigerian Government bonds as the subscription level surpassed the offer size, according to details from auction results obtained.
The naira appreciated to N1,349 to the US dollar at the Nigerian foreign exchange market (NFEM) as the local currency extended its rally on Monday.