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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.
Brent neared $72 per dollar per barrel during early trading on Friday as crude oil prices adjusted upward amidst geopolitical uncertainties.
GTCO, Stanbic Buoy Banking Index, Investors Gain N1.7trn Positive price movements in GTCO and Stanbic IBTC buoyed the Nigerian Exchange (NGX) banking index, with investors recording a N1.7 trillion surge in the combined equity portfolio value. Data from the local bourse showed that the banking index gained 263 basis points (bps), supported by appreciation in STANBIC (+9.52%), GTCO (+0.91), ACCESSCORP (+4%), UBA (+2.13%), ZENITHBANK (+1.55%). This was partially offset by mild declines in WEMABANK (-0.37%) and FIDELITYBK (-1.22%). Stockbrokers reported that the consumer goods index rose by 54bps driven by gains in GUINNESS (+9.38%), NASCON (+6.21%), VITAFOAM (+5.35%), PZ (+3.74%),…
Seplat Energy Plc has gained about 57% or N2 trillion, a rare move for an energy-linked stock, based on its historical trading data on the Nigerian Exchange platform.
Money market rates moved in mixed directions as liquidity level in the financial system declined following the debit for Nigerian Treasury bills (NTB) allotment to investors at the midweek auction.
In a major move to modernise Nigeria’s aviation infrastructure, the Federal Airports Authority of Nigeria (FAAN) in partnership with MTN Nigeria, has officially launched free, high-speed WiFi services for passengers.
Nigerian Exchange (NGX) market capitalisation climbed near N124 trillion on Thursday as equities investors’ portfolio value surged by about N1.7 trillion.
Mr Yemi Cardoso, the Governor of the Central Bank of Nigeria (CBN), says cross-border payments are becoming the backbone of the international monetary and financial system globally.
Money market rates showed mixed trends, with the overnight rate increasing 3 basis points (bps) to 22.83%, while the open repo rate remained unchanged at 22.50%.
The Nigerian Naira weakened against the US dollar, depreciating by ₦2.15 to close at ₦1,338.10/US$ compared with ₦1,335.95/US$ previously recorded.
The Central Bank of Nigeria (CBN) has again cut rates on Nigerian Treasury bills (NTB) with 91-and 364-day maturities at the midweek primary market auction.