- Nigeria’s Economy on Steady Growth, Tinubu Tells Deloitte Africa
- Federal Govt. Unveils $500m Niger Delta Agric Investment Fund
- Court Orders Final Forfeiture of 48 Properties Linked to Ex-Attorney General Malami
- FAAC: Nigeria’s Three Tiers of Government Share N2.55trn in June
- Ethereum Jumps on Morgan Stanley Filing, BitMine Earnings Boost
- ONDO Soars 17% as Ondo Finance Debuts First-Ever Tokenised Stocks
- Naira Rises Against US Dollar as Interbank FX Trades Ease
- Nigerian Exchange Index Declines, Market Cap Rises N390bn
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.
Okomu Oil Palm Company Plc. has announced a 30.0% year on year growth in earnings
Virus Outbreak Exacerbates International Breweries Earnings Trouble International Breweries Plc achieved a rather worsen financial scorecard in the first half of 2020, thanks to virus outbreak that exacerbate an already pressured earnings performance. Equity analysts have set price target of ₦10.05 for International Breweries Plc stock after a rather disappointing earnings. Despite its high cash burn rate, and resultant loss of earnings, shareholders pumped money into the company as equity value skyrocketed by a whopping 1,934%. Valued at ₦89.987 billion in the stock market, IntBrew was quoted at ₦3.40 which was 5 kobo above its bottomed price, against 52-week high…
Money Market: Inter-bank Rates Moderated on Robust Liquidity Inter-bank rates moderated further in the money market on Monday on the back of robust liquidity in the financial system. On Monday, the financial system liquidity was opened at ₦604.5 billion, which market analysts say was partly buoyed by bond coupon payment. Then, the Open Buy Back (OBB) and Overnight (OVN) rates declined by 48 basis points (bps) and 33 bps to 1.13% and 1.88%, respectively. Meanwhile, the fixed income market opened the week with largely bullish sentiments, which was also partly aided by the high liquidity in the financial system. However,…
Cadbury: Analysts Downgrade Stock to Hold after Disappointing Earnings
Stanbic IBTC: Stronger Prudential Ratios Attract Analysts Buy Rating. Ahead of its second quarter of financial year 2020 earnings release, analysts have rated Stanbic IBTC Holdings Plc a Buy on account of stronger prudential ratio.
Revenue from Oil Could Only Finance 8.78% of Nigeria’s Budget 2020
Analysts Express Concern over GTB High Foreign Currency Exposure. Guaranty Trust Bank (GTB) Plc high foreign currency loans exposure is now a downside risk to the lender’s earnings expectation in 2020, and analysts have expressed concerns.
With the rampaging coronavirus and associated impacts on the economy, analysts have stated
Naira Repricing Likely as Weak FPI Appetite for OMO Bills Worsen FX Outlook. Naira repricing is more likely as weak foreign portfolio investors (FPI) appetite for Open Market Operations (OMO) bills would worsen currency outlook, Cardinalstone, a multi-assets investment management firm stated this in
We Worry About Efficiency of Access Bank Plc – Analysts. Equity research analysts at Cardinalstone Limited, an investment management firm, have expressed worry over efficiency of Access Bank Plc in financial year 2020.