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.

Lagos Opens N200bn Bond for Subscription at 16.75%

News

Lagos Opens N200bn Bond for Subscription at 16.75% Seeking to raise about N200 billion, Lagos State Government (LASG) has officially opened the Series 5 bond for investor subscription, investment firm Comercio Partners Capital Limited announced on Friday. The state bond will have a 10-year tenor and a price between 16.50% and 16.75%. According to an investor update, the investment firm said Lagos is targeting up to N200 billion under the ₦1 trillion Debt and Hybrid Instruments Issuance Programme. The bond offer will be executed through a book-building process and is scheduled to close on Friday, October 16, 2026. Lagos State…

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Airtel Money Completes London Stock Exchange IPO 

News

Airtel Money Completes London Stock Exchange IPO Airtel Money has completed its initial public offering (IPO) on the London Stock Exchange today, at an initial market capitalisation of £5.3 billion and a final offer size of up to £582 million.   Launched in 2011 as the mobile money arm of Airtel Africa plc, the FTSE 100 telecoms group, Airtel Money is one of Africa’s largest mobile money and fintech platforms. Across 13 countries, 53 million customers use Airtel Money’s platform each month to store money, pay, get paid, and send money, all from their mobile phones. The IPO comprised entirely…

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SK Hynix Tokenised bStocks Dips on Market-Wide Riskoff

Cryptocurrency

SK Hynix Tokenised bStocks Dips on Market-Wide Riskoff SK Hynix Tokenised bStocks (SKHYB) price declined 4.36% to $171.07, underperforming the broader crypto market’s 2.31% decline and driven primarily by a lack of recent positive catalysts amid risk-off sentiment. Market-wide risk-off move, with SKHYB showing higher sensitivity (beta) to the downturn in Bitcoin and total market cap. If SKHYB holds above the $170 support level, it may consolidate; a break below could see a test of the $165 area. Investors are watching for a recovery in broader market sentiment. SKHYB’s 4.36% drop outpaced Bitcoin’s 1.85% decline and the total crypto market…

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