- Monetary Policy Focused on Price Stability in 2025 – CBN
- Nigeria’s Domestic Economy Expanded by 3.87% in 2025 – CBN
- Federalism: NIIA Chief Advocates Power Rebalance In Nigeria
- GCR Assigns Odu’a Investment Company AA-/A1+Ratings
- NSITF Records 85% Contribution Target at Mid-Year
- Equities Investors Gain N71 billion in Nigerian Cold Market
- NAICOM Revokes Nigeria Reinsurance Licence
- FG Assures Public Servants of Wage Award Payment Before August 15
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.
Binance today announced that bStocks, its tokenised securities offering, has surpassed $500 million in assets under management (AUM), seven weeks after launch.
Apple Beats Q3 Earnings Expectations, EPS Surges 29% Apple released its results for Q3 2026, ending June 30, 2026. The company reported strong financial performance, with revenue up 16% year-over-year to $109.4 billion, exceeding expectations of $108.9 billion. Earnings also grew by 28.7%, reaching $2.02 per share (EPS), surpassing the forecast of $1.89. The company’s revenue growth was driven by strong demand for both products and services across various regions. Notably, the iPhone outperformed estimates and achieved a record for June quarter sales, providing stability for the overall group. The Mac line also exceeded consensus estimates, while the Wearables, Home…
Amazon Delivers Impressive Earnings Performance in Q2 Amazon released its Q2 2026 results for the period ending June 30, 2026. The e-commerce and cloud giant showcased strong growth in both earnings and revenue, surpassing market expectations. Earnings increased by 244% to $5.78 per share, compared to a consensus estimate of $2.30, while revenue rose by 20% to $200.6 billion, beating the expected $197 billion. Broad-based demand fueled double-digit growth across all geographic regions, with Advertising showing notable momentum at a 26% year-over-year increase. AWS (Amazon Web Services) experienced its fastest growth in 18 quarters, particularly driven by advancements in AI…
Nigerian Treasury bill yields slipped as investors moved newly issued papers into the secondary market following more than N2.4 trillion in subscription rejections at the midweek auction.
The Central Bank of Nigeria (CBN) has placed a ban on some ‘win’-related promotions by some local deposit money banks (DMBs), sources said.
South African rand firmer after US Federal Reserve decision to keep rates weakened the dollar amidst a slowdown in oil price movements in the global commodity market.
Shell Earnings Surge in Q2 on Higher Oil, Gas Prices Shell earnings surged in the second quarter of financial year 2026, a performance that was significantly bolstered by geopolitical dislocation that pushed global oil prices higher. The company reported a sharp earnings increase supported by strong operational performance, higher realised oil and gas prices, and record upstream production in Brazil. The company said adjusted earnings rose to $9.8 billion in the second quarter of 2026 from $6.9 billion in the previous quarter, while adjusted EBITDA increased to $20.7 billion from $17.7 billion. Cash flow from operations climbed to $21.4 billion…
The naira softened slightly against the US dollar at the Nigerian foreign exchange market (NFEM), where the local currency closed at N1366.7278 on Thursday.
MTN Nigeria Plc grew profit by about 71% year-on-year to N707.541 billion in the first half of financial year 2026, details from the company’s earnings report revealed.
Zenith Bank, Access Holdings, FirstHoldco, among others, dragged the Nigerian Exchange (NGX) down by more than N1 trillion, further reducing year-to-date returns.