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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.
U.S. Tech Giants’ AI Spending to Hit $700 billion Rapid AI advancement and increasing adoption are driving robust demand for computing capacity and pushing US data Centre hyperscalers to invest heavily, Moody’s said in a note. The global ratings agency revealed the expectation that total capital expenditures for the six US hyperscalers — Microsoft Corp., Amazon.com, Inc., Amazon Web Services (AWS), Meta Platforms, Inc, Alphabet Inc., Oracle Corporation, and CoreWeave, Inc would increase to $700 billion this year. The projected capital spending amount is nearly 6x their 2022 spending, according to Moody’s. Analysts said the investments are accelerating revenue growth,…
The Central Bank of Nigeria (CBN) has opened N400 billion worth of local treasury bills for subscription on Wednesday, bringing the total number of auctions in the quarter to eight, rather than the seven initially proposed.
Iran is easing restrictions on transit through the Strait of Hormuz, saying vessels not deemed hostile and not supporting military action against Tehran may pass, according to its mission to the United Nations.
With a 10% gain, telecommunication company Airtel Africa led the Nigerian Exchange (NGX) rebound, boosting the value of equity portfolios on Tuesday, according to trading data.
Moody’s Ratings has today assigned a Ba3 backed senior unsecured rating to Helios Towers plc’s (Helios Towers) proposed benchmark-size senior unsecured notes to be issued by HTA Group, Ltd., a fully owned subsidiary of Helios Towers.
GCR Ratings has upgraded SFS Capital Nigeria Limited’s national-scale long-term and short-term issuer ratings to A(NG) and A1(NG), respectively, from A-(NG) and A2(NG), with a stable outlook.
Fitch Ratings has assigned Helios Towers Plc’s (HT) proposed senior unsecured notes an expected rating of ‘BB-(EXP)’ with a Recovery Rating of RR4, in line with its ‘BB-‘ Issuer Default Rating (IDR) and existing senior unsecured debt.
Iran launched a rapid and intense missile strike against Israel on Tuesday, while Tehran accused U.S. President Donald Trump of lying about diplomatic discussions.
Oil Rebounds after De-escalation Signals Plunge Crude Prices Brent crude price rose on Tuesday, recovering some of the losses from the previous session as escalating tensions in the Middle East continued to raise concerns about potential supply disruptions. International benchmark Brent crude traded at $98.74 per barrel, an increase of about 3% from the previous close of $95.92. Meanwhile, the US benchmark West Texas Intermediate (WTI) saw an increase of 3.6%, reaching $91.30 per barrel, up from $88.13 in the prior session. This rebound follows a price drop the day before when US President Donald Trump announced a five-day pause…
The European Union (EU) has pledged to deepen bilateral ties with Nigeria across security, trade, and key economic sectors amid growing global uncertainty.