Market Updates

Naira ends July weaker, closes at N1,368.22/$ The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 per dollar on Friday. Data from the Central Bank of Nigeria showed that the local currency depreciated by N1.50, or 0.1... Read More →

Mobile money transactions surge 81% to N372tn – CBN report Nigerians conducted mobile money transactions worth N372.14tn in 2025, representing an increase of 81.26 per cent from N205.31tn recorded in 2024, as expanding agent networks and wider adoption of digital financial services accelerated the country’s transition to electronic payments. The... Read More →

Banking stocks drive NGX turnover up 32% to N404.7bn Driven by high liquidity and key corporate listings, the Nigerian equity market ended the final week of July 2026 on a mixed note. Profit-taking pushed main benchmark indices lower, even as overall trading volume and value surged well past the previous... Read More →

Treasury Bills, OMO Dominate Fixed Income Market as Turnover Hits N29.36tn Nigeria’s fixed income market remained robust in July 2026, with transactions across Open Market Operation (OMO) Bills, Nigeria Treasury Bills, Federal Government of Nigeria (FGN) Bonds and Sukuk reaching a combined face value of N29.36 trillion from 9,875 trades.... Read More →

NNPC to acquire Seplat’s 10% JV for $281.6m Seplat Energy Plc has announced an agreement to sell a 10 per cent interest in the NNPCL-SEPNU Joint Venture to the Nigerian National Petroleum Company Limited for $281.6m, saying the transaction is expected to enhance shareholder returns and strengthen its balance sheet.... Read More →

34 institutions face sanctions over forex rule violations The Central Bank of Nigeria uncovered foreign exchange regulatory breaches by some authorised dealers after conducting a routine examination of 34 institutions, according to its 2025 Annual Report and Statement of Accounts. The review, which covered activities between 1 April 2024 and... Read More →