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 combined market value of all top-tier banks declined to N11.7 trillion as investors dumped First Holdco amidst a significant earnings drop.
Oil prices surged week on week, supported by escalating geopolitical tensions, severe weather-related supply disruptions
GTCO Lists Additional Shares after Private Placement Guaranty Trust Holding Company (GTCO) Plc listed additional shares on the Nigerian Exchange (NGX) trading platform following the completion of its private placement. The financial services group had earlier disclosed that it received an application for 125,000,000 ordinary shares in connection with the private placement from an undisclosed party. GTCO told the regulator that the application was deemed valid under the terms of the Private Placing and was processed accordingly. It said the Private Placing was therefore 100% subscribed as of January 22, 2026. Data from the Nigerian Exchange showed that GTCO shares…
LIRS Extends Deadline for Filing Employers’ Annual Tax Returns The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing of employers’ annual tax returns by a week, from Feb. 1 to Feb. 7. The Executive Chairman of LIRS, Dr Ayodele Subair, in a statement on Friday, explained that the statutory deadline for filing of employers’ annual tax returns was Jan. 31 every year. Subair said that the extension was intended to provide employers with additional time to complete and submit accurate tax returns. He said that employers must give priority to the timely filing of their annual…
UN’s Financial Collapse Imminent — Guterres Warns UN Secretary-General António Guterres has told member states that the organisation faced “imminent financial collapse” amid unpaid annual dues and other issues. Guterres, in a letter he sent to UN member states, called on them to address unpaid dues and overhaul global body’s financial rules. “The crisis is deepening, threatening programme delivery and risking financial collapse. “And the situation will deteriorate further in the near future,” Guterres wrote in the letter to UN ambassadors. He particularly warned member states to either agree to overhaul the UN’s financial rules or accept “the very real…
The Nigerian Civil Aviation Authority (NCAA) has directed airlines to provide mandatory special needs assistance options on their ticket reservation platforms.
Price corrections in First Holdco, FCMB, and other decliners dragged the Nigerian Exchange (NGX) All-share index
Cash flow from operations (CFO) for Fitch Ratings’ global portfolio of non-financial corporate entities will increase by 6% to USD3.3 trillion
The Kwara State House of Assembly has passed a budget of N656,595,559,298:49 for the 2026 fiscal year. The passage of the budget followed the presentation of the report of the House Committee on Finance and Appropriation on the 2026 appropriation bill to the House, on Friday.
The short-term benchmark interest rates mixed as a huge OMO bill debit strained liquidity conditions in the money market. The outflow pushed funding costs higher at the close of business on Thursday.