May 20, 2026

NGX sustains bullish run with N917bn gain Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. The market capitalisation of listed equities rose... Read More →

SEC fixes June 1 for T+1 settlement cycle transition The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian capital market, with effect from Monday, 1 June 2026.... Read More →

FGN bond subscriptions drop 45% despite higher yields Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields at the auction. Data released by the Debt Management Office... Read More →

US stocks retreat amid renewed inflation concerns Wall Street stocks retreated early Tuesday as analysts pointed to angst over inflation pressures as the prolonged Middle East war kept oil prices high. Equities had until recently “shrugged off the effects of... Read More →

Fiscal, FX reforms push Nigeria’s credit rating higher Nigeria’s fiscal and foreign exchange reforms that improved external reserves, increased FX liquidity, and strengthened confidence in the economy have prompted an upgrade of the country’s sovereign credit rating, among other economic... Read More →

63% of Nigerians want interest rates reduced – CBN The Central Bank of Nigeria says 63.3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex... Read More →

Investors trade 7.77 billion shares valued at N374bn Aggressive market demand propelled the Nigerian capital market upward last week, resulting in a phenomenal N374bn worth of shares changing hands. From heavy banking sector dominance and stellar individual stock performances to... Read More →

Mutual Benefits Assurance targets 48-hour claim payouts Mutual Benefits Assurance Plc has announced a streamlined claims process aimed at providing immediate financial relief to policyholders in a strategic move to redefine efficiency within the Nigerian insurance sector. The company revealed... Read More →

Autonomous inflows drive FX market recovery The decision to clear over $7bn in unsettled foreign exchange obligations has boosted investor confidence, as rising diaspora remittances, portfolio investments, and non-oil export earnings have strengthened reserves and accelerated recovery in Nigeria’s foreign... Read More →

Recapitalisation: Insurers scramble for N132bn as deadline stands With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory... Read More →