July 2026

FX market turnover surges 83% to $4.38bn on FMDQ Total turnover in the official foreign exchange market surged 83.38 per cent to $4.38bn in the week ended July 24, 2026, amid heightened demand for foreign currency and increased regulatory clarity... Read More →

10 leading brokers drive over 70% of NGX equities The top 10 stockbroking firms on the Nigerian Exchange Limited have accounted for 70.50 per cent of the total transaction value executed across all asset classes. NGX revealed this on Friday... Read More →

Cardoso, Okonjo-Iweala to lead Africa Emerging Markets Forum Central Bank of Nigeria Governor, Olayemi Cardoso, and Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, will headline the seventh Africa Emerging Markets Forum scheduled to be held at the CBN headquarters... Read More →

First HoldCo climbs 10% after Otedola share purchase Shares of First HoldCo Plc surged by 9.91 per cent on Thursday, reaching a record high on the Nigerian Exchange as aggressive bargain hunting and robust investor sentiment continued to lift the... Read More →

‘Domestic investors now control 80% of stock market’ The Group Managing Director of Anchoria, a financial services group, Sam Chidioka, said Nigeria’s capital market is now more stable, with domestic investors accounting for about 80 per cent of market participation,... Read More →

Energy firm secures FMDQ listing for N15bn bond FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00bn 5-year 18.00 per cent Series 1 Fixed Rate Bond on its platform. The listing, executed under the company’s... Read More →

Naira to weaken as fuel importers increase dollar demand The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside... Read More →

Private sector credit climbs to N83.3tn amid lending growth Credit to Nigeria’s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released... Read More →

Nigeria’s money supply hits N133.25tn despite tight monetary policy Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent.... Read More →

Equities shed N800bn as profit-taking halts market rally The recent bullish momentum on the Nigerian Exchange Limited came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market valuation. The All-Share Index... Read More →