Author: Julius Alagbe
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.
Nigerian Exchange Expands by 50.1%, Market Cap Hits N98trn Recording a 50.1% year-to-date gain, the Nigerian Exchange (NGX) market capitalisation hit $98 trillion on Thursday as the third-quarter earnings release continues to fuel the rally. Equities investors increased their positions in some value and growth stocks in anticipation that their results would trigger market re-rating. Stockbrokers said the rally will likely push market value of all the listed companies above N100 trillion in October, reflecting increase appetite for risk assets amidst yield slowdown in the fixed income market. Due to sustained bargain hunting, NGX key market performance indicators climbed by…
Petroleum Institute Urges Early Take Off of Africa Energy Bank The Petroleum Training Institute (PTI) has called for the early inauguration of the Africa Energy Bank (AEB) to enhance access to affordable energy financing and accelerate sustainable growth across the continent. Dr Samuel Onoji, Principal and Chief Executive of PTI, made the call on Wednesday in Abuja at the opening of the fourth Biennial International Conference on Hydrocarbon Science and Technology (ICHST 2025). The conference, organised by the PTI, has its theme as “Transforming Africa’s Hydrocarbon Sector: Balancing Growth, Environment and Governance.” Onoji said that Africa’s hydrocarbon resources remained pivotal…
Nigerian Breweries Posts N2.91bn After Tax Loss in Q3, EPS Breaks With negative net income, Nigerian Breweries Plc reported a loss per share of N0.13 in the third quarter of 2025, a significant moderation from a loss per share of N6.35 in the equivalent period in 2024. Its unaudited report revealed that earnings loss was primarily due to a one-off impairment charge of N6.08 billion that arose from post-acquisition fair value adjustments. In its commentary note, Cordros Securities Limited hinted that the fair value was linked to the full integration of Distell Wines and Spirits Nigeria Limited into the group’s…
MTN Nigeria Hits 52-Week High pf N10.45T as Q3 Earnings Loom Investors pitched their tents with MTN Nigeria ahead of the third quarter of 2025 earnings release. The telecom company’s market value edged higher to about N10.5 trillion, its record high on the Nigerian Exchange. Investors seeking positions are on the rise, with projections showing the telecom company will maintain its earnings growth and strengthened balance sheet quality. With higher earnings expectations, equity analysts have raised their target prices for the telco, which controls about 60% of the market share in the Nigerian telecom sector. Some stockbrokers confirmed that MTN…
Naira Steadies at N1463/$ in Absence of FX Liquidity Pressure Reflecting the absence of demand pressures, the naira held its position against the US dollar at the Nigerian foreign exchange market. An update to the FX report by the Apex Bank showed signals there was general improvement in US dollar volume supplied versus demand. The spot rate touched an intraday low of N1452 per dollar, though the rate closed much higher at N1462 per dollar, tracking the intraday high of N1466. The update FX data signalled absence of US dollar demand pressures in the currency market as against last week…
NSE Launches $17.4m Engineering Education Partnership with Indian Software Firm The Nigerian Society of Engineers (NSE) has launched a 17.4 million dollar partnership with MIDAS IT, India, a software company, towards providing engineering education in 15 Nigerian universities. Dr Felicia Agubata, Vice President, NSE Corporate Services, in a statement on Wednesday in Lagos, said the support areas for the universities include civil, structural and geo-technical engineering education and research. She said the initiative was part of the NSE’s ongoing efforts to enhance the practical knowledge and technical capabilities of engineering students in Nigeria. According to her, donation of MIDAS software…
Nigerian Exchange Hits N97.58trn as Investors Gain N1.45trn The Nigerian Exchange (NGX) market capitalisation crossed N97 trillion mark as investors’ bullish sentiment heightened. Trading data showed that equity portfolio value surged by about N1.45 trillion to close at N97.58 trillion due to investors’ interest in bellwether stocks. Trading direction lifted key market performance indicators, and the All-Share Index advanced by 1.50% on Wednesday. The market capitalisation expansion was fuelled by investors interest in NASCON, DANGCEM, MTNN, ARADEL and 27 other equities. Stockbrokers said the renewed demand reflects heightened confidence among market participants, buoyed by expectations of improved corporate earnings from…
NNPCL Posts N4.2trn Revenue, Remits N10trn To Federation Account The Nigerian National Petroleum Company Limited (NNPC) recorded a ₦4.26 trillion revenue in August alone, according to the company’s September 2025 monthly performance report released on Tuesday. The firm also remitted ₦10.073 trillion to the Federation Account between January and August 2025. The remitted funds include proceeds from crude and condensate sales, gas sales, royalties, taxes, and other payments due to the Federation. Remittance in August was an increase of about ₦1.21 trillion compared to July. Between January and July 2025, the company’s cumulative remittance was around ₦8.86 trillion. Crude oil…
2027 Election: Over 8m Nigerians Complete Pre-Online Registration – INEC The Independent National Electoral Commission (INEC) has announced that more than eight million Nigerians have completed the pre-online registration in the ongoing nationwide Continuous Voter Registration (CVR). The commission, in an update released in Abuja, said that 1,7 million Nigerians have completed their registration. The statistics for week nine for the online shows that of 8,003,196 Imo State recorded the highest number with 826,850 representing 10.32 per cent, followed by Lagos State with 604,619 representing 7.56 per cent and Ogun with 510,062 representing 6.37 per cent. The state with the…
The Crypto Market is Blazing Right Now with New Cryptos, Pre-Sale Crypto Options and Live Data Tracking Options It is absolutely fascinating to see how much the crypto market has changed and evolved, not only over the past few years but the past months or even days. There is no market out there that moves as quickly as this one does. Can you find one? It is very difficult to because every economic and political change around the world impacts the value of this currency. This makes it both interesting but also very volatile. If you would like to keep…