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- Oil Prices Edge Higher Over Escalating US-Iran Conflict
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- Nigerian Treasury Bills Yields Soften as Investors Boost Positions
- Money Market Rates Mixed as System Liquidity Shrinks
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.
Tinubu Nominates Taiwo Oyedele as Minister of State for Finance President Bola Tinubu has nominated Mr Taiwo Oyedele as Minister of State for Finance, to replace Dr Doris Uzoka-Anite. Uzoka-Anite will now move to the Ministry of Budget and National Planning as Minister of State, her third portfolio in the administration. This is contained in a statement issued by Presidential Spokesperson, Mr Bayo Onanuga, in Abuja. Tinubu on Tuesday conveyed Oyedele’s nomination to the Senate for confirmation in a letter addressed to Senate President, Godswill Akpabio. Until his nomination, Oyedele was Chairman of the Presidential Committee on Fiscal Policy and…
The Central Bank of Nigeria (CBN) offered 19.40% interest on 105-day bills at the recent OMO bill auction, though allotment fell short of the full offering despite strong demand and substantial liquidity in the financial system.
Dawes Island Marginal Oil Field has secured a $109 million lending facility with Toronto-based REIN Capital to boost its operations.
The naira’s purchasing power dropped sharply at the official window as foreign payments initiated exceeded the US dollar liquidity at the currency market.
Iranian drones struck Saudi Arabia’s Ras Tanura refinery on Monday morning, while Kuwait reported intercepted attacks on day three of Iran’s retaliatory strikes on countries in the region.
Thailand’s Minister of Energy Auttapol Rerkpiboon announced that the ministry has ordered an immediate suspension of oil exports in response to Iran’s closure of the Strait of Hormuz.
With an estimated 25% upside potential, equities analysts at Anchoria Securities Limited have recommended Access Holdings Plc shares for investors seeking to build a portfolio of banking stocks.
Dangote Cement Plc reported 101.7% year on year growth in profitability in the financial year 2025, according to its audited financial statement released on Saturday.
Global equities markets closed on a mixed note as investors sought sanctuary in the UK, trimming holdings in tech-heavy U.S. and EU benchmarks.
Ripple (XRP) fell 2.19% over 24 hours to $1.36 as extreme fear grips the cryptocurrency market, with weak catalysts for buying momentum in altcoins.