- Investors Trim Nigerian Bond Holdings Over Shrinking Rates
- Money Market Liquidity Tightens as CBN Steps Up OMO Actions
- XRP Falls as Ripple Prime Opens Wall Street Swap Desk
- Cardano Price Falls to $0.20 on Altcoin Sell Pressure
- Fitch Affirms France at ‘A+’ with Stable Outlook
- MTN Nigeria Dips Ahead of Scheduled Dividend Payments
- First Holdco Hits N6.6trn on 60% Distributable Profit Bets
- Navy Disrupts 2 Illegal Refining Sites in Rivers
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.
Bond Market Investors Raise Position on Short-term Instruments. Amidst uncertainties in the economy, investors remained largely bullish in the bond market but with record interest in short-term instruments.
NESG-CBN Ruckus: Why Nigerians Should Buckle Up
FBNQuest PE Funds Invests over N20 billion in 70 firms FBNQuest Funds, the merchant banking and asset management arm of FBN Holdings Plc, on Wednesday said that it invested over N20 billion in private equity (PE) since 2003.
Market to Trade Cagily as Investors Await Triggers for Yields Repricing. Analysts at Chapel Hill Denham Limited have said that the fixed income market will continue to trade cautiously as investors await triggers for potential downward or upward repricing of yields.
Zenith Bank Bolsters Performance as Profit Rises 17% to ₦103.83bn In what came as a surprise, Zenith Bank Plc bolstered first half performance as lender’s profit grew by 16.81% year on year to ₦103.83 billion. In the stock market on Thursday, Zenith Bank stock jumped from N16.95 kobo per share to N17.20 after the board of directors announced interim dividend. Compare with industry projections, lender beats analysts’ consensus estimates following an initial bearish stance on the industry outlook due to COVID-19 challenge. A slew of investment banking analysts had projected significant earnings miss for deposits money banks due to the…
Coronation Merchant Bank has said that Nigeria’s public finance works well only when prices of oil are above $50 per barrel.
Foreign Investment Hits 3-Year Low as Nigeria Battles Currency Crisis. Total foreign investment inflow into the economy hits 3-year low as Nigeria battles currency crisis. The National Bureau of Statistics (NBS) data shows that total capital imported into Nigeria contracted 78.6% year on year and 7
Substantial Naira Devaluation Inevitable to Unlock FX Liquidity –CHD. As the Central Bank of Nigeria’s planned foreign exchange (FX) intervention sales set to commence, Chapel Hill Denham has said that substantial naira devaluation is inevitable to unlock liquidity.
Onyeagwu Seeks Expansion of Non-Oil Exports Post COVID-19. The Group Managing Director/Chief Executive of Zenith Bank, Mr. Ebenezer Onyeagwu has called for a concerted effort towards diversifying the country’s export base through the promotion of non-oil exports.
UACN: Virus-induced Operating Loss Insults Restructuring Efforts. The Coronavirus outbreak disrupted United African Company of Nigeria’s (UACN) restructuring effort earlier seeing in the year, but analysts still maintain positive sentiment on its earnings outlook.