- 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.
FIDSON Healthcare Primed for Gains as ‘Virus’ Boosts Earnings. FIDSON Healthcare Plc is primed for more gains as coronavirus outbreak impacts demands, augments sales for healthcare products.
Rising Inflation, Plunged Yields Ruffle Investors, Analysts. Average yield on instruments in the fixed income market are below the nation’s inflation rate, thus turning real returns negative for investors.
May & Baker: Equity Analysts Upgrade Stock on COVID-19 Advantage. May & Baker Nigeria (M&B Plc) was the first pharmaceutical firm to set up an anti-retroviral plant in Nigeria and the first to initiate local vaccine production.
Federal Tax Authority Extends Debt Payment to August .The Federal Inland Revenue Service
CBN’s Lending to Deposit Money Banks Hits 2020 High. Reflecting the Central Bank of Nigeria’s hawkish liquidity bias, Standing Lending Facility (SLF) position of deposit money banks (DMBs) hits 2020 high today at ₦350 billion.
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.