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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.
At the current market price of $1.04, Ripple (XRP) has lost 55% of its market value over 12 months
Bitcoin price (BTC) is down 3% to $58.7k, underperforming a slightly weaker broader market
The Central Bank of Nigeria (CBN) floated an additional OMO bill auction at the primary market to mop up excess liquidity in the financial system.
GCR Ratings (GCR) has upgraded Globus Bank Limited’s national scale long- and short-term issuer ratings
Wall Street surged on AI, with technology stocks rallying amid fluctuating sentiment
Bitcoin (BTC) price is down 0.92% in 24 hours to $59,368, underperforming a slightly softer broader
The Central Bank of Nigeria (CBN) floated OMO bills totalling N600 billion for investors’ subscription
Ethereum (ETH) price inched up 3.26% to $1,610, outperforming the broader market
Rising US Inflation Brings Persistent Overshoot Into Focus The pick-up in US inflation since March has brought the persistent overshoot of the Federal Reserve’s 2% inflation target into renewed focus, Fitch Ratings says. US personal consumption expenditure (PCE) inflation has now been above 2% for 63 consecutive months, the longest sustained overshoot of 2% since the early 1990s and twice as long as the 30 months to September 2006, according to Fitch. US Fed Chair Kevin Warsh referred to the fact that “…inflation has been running well ahead of the Fed’s …goal of 2% …for more than five years” amid…
The Naira depreciated against the US Dollar by about 0.20% at the Nigerian Foreign Exchange Market