Author: Julius Alagbe
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 Central Bank of Nigeria (CBN) priced OMO bills expiring in 167 days at an interest rate of 18.77%, according to auction results reviewed by MarketForces Africa.
Slow but steady, the Nigerian local currency, the naira, continues its downward trajectory for the sixth consecutive day, largely driven by FX liquidity shortfall in the official window.
Buying interest in FCMB and Jaiz Bank drove the banking index higher on the Nigerian Exchange despite significant profit-taking.
The average yield on Nigerian Treasury bills declined to 17.04% in the secondary market due to sustained positioning in the naira curve.
Inflows from expired OMO bills and from deposit money banks (DMBs)’ lodgments buoyed liquidity in the financial system, investment firms said in separate market updates.
The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) has reduced the Monetary Policy Rate (MPR) from 27 per cent to 26.5 per cent.
DMO Offers 15.74% on 2033, 2034 Reopened Bonds Nigeria’s Debt Office has priced local bonds expiring in 2032 and 2033 at the rate of 15.74%, according to results from a monthly auction conducted on Monday. Also, the reopened bond for 2034 was sold to investors at 15.50%, while the authority underwrote its offer despite aggregate subscription of about N1.7 trillion. The Debt Management Office (DMO) opened N800 billion worth of Federal Government of Nigeria (FGN) bonds for subscription as part of efforts to finance the 2026 budget deficit. Total subscription reached N2.7 trillion, according to auction results. The authority reopened…
Ripple (XRP) inched lower by 3.4% over the last 24 hours to $1.33 as profit-taking amid price movements in the global cryptocurrency market.
The U.S. Supreme Court ruling on February 20, invalidating the Trump administration’s use of the International Emergency Economic Powers Act (IEEPA) to levy broad-based tariffs on imports from most countries, slashes the U.S. effective tariff rate (ETR) by more than half, from 13% to around 5% to 6%, says Fitch Ratings.
The Nigerian Exchange (NGX) Ltd. has raised concerns over sharp and unusual price movements in shares of some listed companies in recent trading sessions.