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 Nigerian naira falls for the fourth consecutive trading session in the foreign exchange market, as the Central Bank’s large US dollar purchases signal a move to curb a strong local currency.
The global crypto market dropped by about 2% in 24 hours to $2.28 trillion, driven by a macro-driven sell-off triggered by new U.S. tariff plans.
Nigeria won a $6.2 million arbitration case against European Dynamics UK Ltd, an international technology contractor, which had entered into a dispute through the Bureau of Public Procurement (BPP).
Telecommunications company MTN Nigeria Plc has broken valuation records on the Nigerian Exchange (NGX), hitting N16.373 trillion after a fast-and-furious rally.
Cardano (ADAUSD) falls by approximately 4% over 24 hours to $0.272 on Sunday, underperforming a broadly weaker crypto market, primarily due to a lack of positive catalysts amid persistent market-wide selling pressure.
The UN Economic Commission for Africa, office for Eastern Africa, convened Ambassadors and High Commissioners accredited to Rwanda for an in-depth briefing on the region’s economic outlook. A clear takeaway emerged: Eastern Africa is progressing—but not yet progressing together.
Fitch Affirms UK at ‘AA-‘ with Stable Outlook Fitch Ratings has affirmed the United Kingdom’s (UK) Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) at ‘AA-‘ with a stable outlook. According to Fitch, the UK’s ratings are supported by its high-income, large, diversified, and flexible economy, a credible macroeconomic policy framework, and financing flexibility from deep capital markets and sterling’s status as an international reserve currency. Ratings analysts said these factors are set against its high public and external debt, and a debt interest/revenue ratio that is more than double the ‘AA’ peer group median. Fitch projects UK GDP growth will…
Ripple (XRP) inches higher to $1.43, up by about 1% in 24h, slightly outperforming a flat broader market, driven by modest capital rotation into altcoins.
Brent neared $72 per dollar per barrel during early trading on Friday as crude oil prices adjusted upward amidst geopolitical uncertainties.
GTCO, Stanbic Buoy Banking Index, Investors Gain N1.7trn Positive price movements in GTCO and Stanbic IBTC buoyed the Nigerian Exchange (NGX) banking index, with investors recording a N1.7 trillion surge in the combined equity portfolio value. Data from the local bourse showed that the banking index gained 263 basis points (bps), supported by appreciation in STANBIC (+9.52%), GTCO (+0.91), ACCESSCORP (+4%), UBA (+2.13%), ZENITHBANK (+1.55%). This was partially offset by mild declines in WEMABANK (-0.37%) and FIDELITYBK (-1.22%). Stockbrokers reported that the consumer goods index rose by 54bps driven by gains in GUINNESS (+9.38%), NASCON (+6.21%), VITAFOAM (+5.35%), PZ (+3.74%),…