- 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
- CBN Grants JPMorgan Licence to Operate Merchant Bank in Nigeria
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.
The dollar slid on Monday as investors reacted to UBS’ takeover deal with rival Credit Suisse.
NGX Falls as Investors Dump Financial, Industrial Stocks The equities segment of the Nigerian Exchange, NGX, sheds weight on Monday as investors continue profit-taking activities in the local bourse – after about N479 billion loss sustained last week. Investors weak buying sentiment knocked off N16 billion from the equities market amidst election uncertainties. Stockbrokers told MarketForces Africa that bank crisis in the United States sent negative signals to global markets and investors appear to be in a cautious mood. Then, local investors have started to rebalance their portfolios as the earnings season temperature begins to cool down. Market data shows…
Indications have emerged that the Nigerian naira could be heading for a devaluation as the nation battles FX
Amidst the ongoing foreign currency crisis in Nigeria, demand for the United States (US) dollar negatively
FCMB Group Plc. has successfully completed the issuance of a N20,686,000,000 perpetual 16% fixed
In compliance with the supreme court order, the Central Bank of Nigeria (CBN) has announced a decision to extend …
It has been happy trading hours for investors in the cryptocurrency markets as prices extended gains …
The Nigerian Naira and the nation’s gross foreign reserves nosedived amidst uncertainties in the economy
Trading activities in the local debt capital market ended on bullish note midweek as investors – retail
Egypt has joined Africa Finance Corporation, the continent’s leading infrastructure solutions provider …