- XRP Price Surges 8% on Japan’s New Crypto Rule, ETF Inflow
- Fitch Affirms Côte d’Ivoire Rating at ‘BB’, Outlook Stable
- Money Market Rates Mixed as Banking System Liquidity Dips
- CBN to Open N1trn Worth of Treasury Bills for Subscription
- CBN Raises N3.8trn in OMO Bills Sales to Banks, FPIs
- Naira Opens Weak, Foreign Investors Drive $0.93bn FX Inflows
- South African Rand Firmer as ‘Peace Deal’ Shifts Market Sentiment
- Global Equities Markets Rally on AI Momentum, SpaceX IPO Debut
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.
Banks go to IFC for Emergency Working Capital Support. Some of the leading Nigerian Banks are trooping to access facilities from the International Finance Corporation, IFC, the recent pattern has shown.
Equity Analysts Upbeat on DANGCEM, Nestlé, Zenith, GTB Stocks. Equity research analysts at ARM Securities are bullish on Dangote Cement, Nestle, Zenith and GTBank stocks, having recommend that they would help investors enjoys sizzling portfolio performance in 2020.
Analysts say FX Liquidity Pressure Looms Large in Banks. Analysts
60% of 10.3m global COVID-19 infections reported in June — WHO. Covid-19 pandemic war is far from being over given the latest data on infection rate provided the by the World Health Organisation (WHO).
FEC Approves ₦2.3trn to Address COVID-19 Damages on Economy. The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved ₦2.3 trillion stimulus package to support the economy.
Access Bank Launches Digital Lending Platform for SMEs. Access Bank Plc has unveiled a digital lending portal where small and medium scale enterprises can access loan using their devices.
CBN Debits Banks Ahead of FX Auction for Third Time in 2020. The Central Bank of Nigeria (CBN) has debited 26 banks a total of ₦216.1 billion, attributed to the CRR (Cash Reserve Ratio) compliance requirement.
Chapel Hill Denham Forecasts Tighter Liquidity as NSE Opens Negative. In the Nigerian Stock Exchange, Trading activities commenced the week on a negative note, sustaining the bearish run from last week.
Equity Analysts Upgrade Dangote Cement, Nestle, Zenith, GTB Target Prices. Equity research analysts at ARM Securities Limited have handed strong buy recommendation for Dangote Cement, Nestle; Zenith and GTBank stocks om account of strong upside opportunities.
NSE Index Tanks by 1.41% amid Renew Bearish Sentiment. The Nigerian Stock Exchange (NSE) performance this week was largely bearish, wiping off previous gains made by investors.