October 2026

The Central Bank of Nigeria has ruled out an extension of the 1 January 2027, deadline for financial institutions to store and manage payment transaction data generated in Nigeria locally, putting pressure on banks, fintechs and payment service providers to... Read More →

The Nigerian Exchange experienced a downturn during the trading week ended on Friday, October 9, 2026, as broader market indicators pulled back. Investors traded a total of 2.715 billion shares worth N158.280bn in 209,986 deals, reflecting a shift in market... Read More →

The Chapel Hill Denham Nigeria Infrastructure Debt Fund has announced its unaudited financial results for the nine-month period ended September 30, 2026, delivering a profit before tax of N17.36bn. The figure reflects a 2.9 per cent increase compared to the... Read More →

Trading activity in Nigeria’s foreign exchange market fell sharply last week, as total turnover across the spot and derivatives segments dropped to $1.70 billion. Data from FMDQ showed that turnover for the week ended 2 October, 2026, fell by 35.4... Read More →

Nigerian banks withdrew N941.85 billion from the Central Bank of Nigeria’s Standing Deposit Facility in one day, pushing total placements below N4tn amid sharp swings in banking system liquidity. Data from the apex bank showed that SDF deposits fell to... Read More →

The Nigerian Exchange recorded a downward trend on Thursday as equity market capitalisation dropped to N161.05tn from N162.39tn recorded on Wednesday, indicating a decline of N1.34tn. The All-Share Index fell by 2,054.25 points to close at 248,042.50, down from Wednesday’s... Read More →

The Central Bank of Nigeria Governor, Olayemi Cardoso, has stepped up Nigeria’s engagement with Asian financial institutions and investors, seeking stronger capital flows, market connectivity and technology partnerships as the country works to consolidate its economic reforms. Cardoso’s engagements in... Read More →

The Central Bank of Nigeria withdrew N3.31 trillion from the banking system through its latest Open Market Operations auction, even as N2.17tn from maturing bills returned to banks. The result was a net liquidity withdrawal of about N1.14tn, as the... Read More →

The Nigerian equities market extended its downward trend on Wednesday as the NGX All-Share Index dropped to 250,096.75 points from the 250,273.50 points recorded in the previous session, reflecting persistent bearish sentiment across the floor of the Nigerian Exchange Limited.... Read More →

Nigeria faces a $6.4bn sovereign Eurobond repayment burden between 2024 and 2030, ranking joint third among the largest repayment exposures in sub-Saharan Africa, according to the World Bank. The World Bank disclosed this in its October 2026 Africa Economic Update,... Read More →