- Central Bank Reduces Interest Rate to 23%
- Nigerian Exchange Gains N297bn as Banking Index Drives Momentum
- Pi Network Climbs on Onboarding Progress, Protocol Upgrade
- Nearly 60% of US Adults Can’t Cover a $1K Emergency Expense – Report
- CBN Cuts Interest Rate by 3.50% as Monetary Easing Begins
- NVIDIA Tokenised bStocks Rises on Holders’ 5x Leverage Boosts Bets
- Chief Economists Expect Global Economy to Stabilise
- Ethereum Tops $2.74K as Binance ETH Withdrawal Hits 3Y High
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 Nigerian Treasury bills yield closed flattish on Thursday at the time when the naira appreciated
Amazon delivered a disappointing quarter and outlook on Thursday as the eCommerce giant
The average yield on fixed income instruments has seen a moderate increase and today, the Federal Government of Nigeria’s (FGN) bonds and Treasury bills yields spike while open market operation (OMO Bills) remained steady at 4.1%.
Twitter has a deal to sell itself to Elon Musk for $54.20 per share, valuing the social media giant at around $44 billion. If successful, Musk’s Twitter takeover would be the largest take-private deal since Dell bought data storage company EMC for $67 billion in 2016, according to PitchBook data.
Unilever Nigeria Plc has moved to profitability, according to detail from its first-quarter 2022 financial statement result filled
Central Bank of Egypt data showed that its net foreign asset (NFA) position decreased a sharp $13.7 billion
The Nigerian Exchange (NGX) gains about N320 billion, inched near N26 trillion capitalisation midweek
Streaming giant Netflix saw its stock tumbling by 25 per cent after it reported a loss of 200,000 paid
Pan-African lender, United Bank for Africa (UBA) Plc, overstated the amount reported to regulators and investing public as profit by more than N4.6 billion in the financial year 2020, its recent audited report shows.
Dollar Touches 2-Year High, Downside Risk Persists for Euro The United States (U.S) dollar touches two year high on the index amidst Federal Reserve hawkish posh. Currencies traders said in separate notes that USD still has room to gain further. Hawkish expectations on Fed tightening have continued to offer a supportive narrative to the dollar, which has retained good momentum after the Easter break, ING Economics said in a commentary. Yesterday, FOMC arch-hawk James Bullard signaled openness to a 75 basis points hike, despite acknowledging that this is not his base case. The yen is once again emerging as the…