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.

South African Rand Falls Against USD Amid Mixed Economic Data

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South African Rand Falls Against USD Amid Mixed Economic Data The South African Rand weakened against a stronger US dollar, driven by mixed economic indicators, while bullion faced downward pressure in the global commodity market on Friday. The rand fell to R16.19 against the US dollar, driven by a stronger greenback and rising oil prices. Domestic production data and a newly reported Q2 2026 current account deficit also influenced investor sentiment, according to First National Bank (FNB). Bullion prices fell to $4,329.49 after a sharp drop in the previous session, weighed down by rising US inflation expectations, higher Treasury yields,…

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Dangote Refinery Approves 32 Channels for IPO Subscription

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Dangote Refinery Approves 32 Channels for IPO Subscription Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 banks, fintech firms, mobile network operators, and investment platforms to handle share subscriptions. The company disclosed this on Thursday on its official Initial Public Offering (IPO) website ahead of the opening of its public offer. It said the approved channels comprised 19 banks, 10 fintech companies, two mobile network operators and NGX Invest. The company urged prospective investors to subscribe for the shares only through the approved channels. It warned investors against using platforms not officially approved for the offer. “Only subscribe through…

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