June 2026

FX market trading jumps 22% in June – Report Activity in the Nigerian foreign exchange market experienced a significant surge in the final week of June, with total turnover climbing by more than 22 per cent, driven by a sharp... Read More →

Stocks rise, oil edges up as US, Iran agree to halt attacks Asian stocks mostly rose, and oil prices edged up on Monday as reports said the United States and Iran had agreed to stop attacking each other following a... Read More →

NGX weekly turnover plunges 47% to N134.49bn Bearish sentiments tightened their grip on the Nigerian Exchange Limited last week as total trading turnover plummeted significantly, reflecting a cautious approach by investors amid macroeconomic pressures. According to the latest weekly market... Read More →

THE NIGERIA STOCK EXCHANGE CORRECTION The recent correction in the Nigerian Stock Exchange, which wiped trillions of naira from investors’ portfolios within a few trading sessions, has understandably unsettled many market participants. While some perceived the decline as a market... Read More →

Interest Rate: Banking Sector Maximum Lending Rate Drops to 34.78% Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector average maximum lending rate depreciated to 34.78 per cent in... Read More →

Stock Market Appreciates by N1.64trn to Extend Positive Momentum The Nigerian stock market extended its gains for a second consecutive session as renewed buying interest in  Airtel Africa, Guaranty Trust Holding Company (GTCO), among other drive market capitalization by N1.64trillion... Read More →

Investors warned as SEC halts Dangote IPO publicity The Securities and Exchange Commission has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, warning that... Read More →

Crude falls after 19m barrels cross Hormuz Strait President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday. According to Trump on Tuesday, oil prices are... Read More →

Equity market extends rally as index gains 1.06% The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday, as renewed buying interest continued to drive capital appreciation across the bourse. The benchmark All-Share Index gained... Read More →

Domestic investors lead NGX’s 177% transaction spike Trading on the floor of the Nigerian Exchange Limited (NGX) sustained a rising profile in May, with total transactions increasing to N1.94 trillion, driven largely by increased participation from domestic investors. The latest NGX’s Domestic... Read More →