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.

AfDB: Independent Review Panel exonerates Adesina

News

AfDB: Independent Review Panel exonerates Adesina The Independent Review Panel set up by the Bureau of Governors of the African Development Bank (AfDB), has exonerated President of the Bank, Dr Akinwumi Adesina of any ethical wrongdoings. This is contained in the panel’s report made available to the News Agency of Nigeria (NAN) on Tuesday. The Independent Review Panel was constituted following a complaint by the United States, to review the process by which two previous organs of the Bank – the Ethics Committee of the Board, and the Bureau of the Board of Governors had previously cleared Adesina. The three-member…

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Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb?

Editorial

Ticking Debt Clock: How Much Can Nigeria’s Economy Absorb? Some Nigerians are worried about the rising debt profile amidst the rising poverty level in the country. The government has been on the side of borrowing, but neglected innovative drives to diversify the nation’s revenue from petrol-dollars support. Borrowing remains the Federal Government’s core strategy to rescue the economy as well as to pave way for growth and development. Mr. President, what is your debt repayment strategy like? It is not clear the Federal Government has one. The next question is: who will pay Nigeria’s debt? The next President will most…

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Virus Outbreak Exacerbates International Breweries Earnings Trouble

News

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…

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Money Market: Inter-bank Rates Moderated on Robust Liquidity

News

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,…

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