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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.
Zenith Bank Plc saw a slight gain in the Nigerian Exchange (NGX) as the financial services company’s market value inched near N3 trillion, amidst its first growth by acquisition strategy.
After Spot Rates Hike, DMO Reopens 7, 10-Year Bonds for Sale After the spot rates hike in December, the Debt Management Office (DMO) is scheduled to conduct its monthly Federal Government Bond auction on Monday, with three reopening instruments. The three local bonds offer amounting to N900 billion will be opened for investor subscriptions with mixed expectations following disinflation reversal. The Central Bank of Nigeria (CBN) discount rates decision at the midweek Treasury bills auction last week signals possible continuation of the repricing that started in the fourth quarter of 2025. At the first bonds auction in 2026, the market…
Dogecoin Sinks by 10% WoW over Weak Altcoin Sentiment Dogecoin (DOGEUSD) has deepened its weekly loss over 24 hours in the crypto market, falling by 10.5% week-on-week (WoW) to $0.123 on Sunday, as adverse sentiment surrounding altcoins has considerably weighed on its value. The cryptocurrency market conditions tightened as geopolitical instability persists, resulting in geoeconomic concerns ahead of the U.S. Federal Reserve decision on rates. Dogecoin fell 1.04% over the last 24h, a modest decline that extends a 10.49% weekly loss, reflecting broader market weakness. Its trading volume has declined by 44% to $426 millionon the day. The broader crypto…
Oil Prices Edge Higher WoW on Geopolitical Tensions Oil prices rose slightly week on week (WoW) due to heightened geopolitical tensions, changing trade signals from the US, and increased demand indicators from China that bolstered market sentiment. However, plentiful global supply and worries surrounding US monetary policy capped the increases. International benchmark Brent crude traded at $64.41 per barrel, up 1.3% from last Friday’s close of $63.55. US benchmark West Texas Intermediate (WTI) rose 1.8% to $60.31 per barrel, compared with $59.22 a week earlier. Prices fell early in the week after reports that US President Donald Trump had halted…
Gold prices hovered around $5,000 per ounce threshold on Friday as global tensions shifted investors’ attentions towards safe-haven assets, while the US dollar lost its allure.
With US national debt now hitting almost $39 trillion, Trump needs to focus on the potential fallout of the world’s largest economy’s debt triggering a global financial crisis, warns the CEO of one of the world’s largest independent financial advisory organisations.
Crude oil prices edged higher in the global commodity market on Friday as concerns over a possible US military strike on Iran eased, calming fears that tensions could disrupt oil supplies from the Middle East.
Global over-the-counter (OTC) derivatives notional outstanding grew to $845.7 trillion at the end of June 2025, a 15.9% rise compared to mid-year 2024 and a 20.9% increase relative to year-end 2024, International Swaps and Derivatives Association (ISDA) said in a report.
Equities Market Lost N557bn to Investors Profit-Taking Actions The Nigerian equities market weakened on Thursday, lost N557 billion on the day dut to profita taking activities of sell side investors in the local bourse. Trading data from the Nigerian Exchange (NGX) showed that all the sectoral indices went south as market anticipates release of fourth quarter of 2025 earnings, tagged as the next catalysts to drive re-rating. The NGX All-share index and market capitalisation declined by 0.52% to close at 165,397.4 points and N105.9 trillion, respectively. The session’s weak performance was largely driven by losses in INTBREW (-6.00%), WAPCO (-5.06%),…
M&A: Numbers of Banks in Nigeria to Shrink in 2026 —DataPro With the deadline for banking industry recapitalisation on the horizon, credit research agency DataPro has forecast a reduction in the number of banks. The firm noted that this impending deadline has initiated ‘war room’ conversations centered on executing deals and managing risks. While the top 5 big banks have successfully met their new capital base, a report released by the ratings agency suggests there are three tier-2 banks that may merge their operations—without mentioning their corporate identities. By the end of 2026, the Nigerian banking industry is expected to…