FMDQ FX market turnover drops 35.4% to $1.70bn
Activity in Nigeria’s foreign exchange market recorded a sharp contraction during the week ended on Friday, 2 October, 2026, as liquidity tightened following a notable surge in trading volume the preceding week. The drop reflects ongoing adjustments in FX supply... Read More →
Stock market dips 0.52% in holiday-shortened trading week
The Nigerian equities market closed the four-day trading week in negative territory as profit- taking across major sectors dragged main indices lower, while overall trading activity contracted significantly following the public holiday declared on Thursday, 1 October, 2026, in commemoration... Read More →
Bond yields rise to 15.92% as investors turn cautious
Yields on Nigerian government bonds rose last week as investors reduced their demand for fixed-income securities, pushing bond prices lower. The average yield on Federal Government of Nigeria bonds increased by 11 basis points week- on-week to 15.92 per cent,... Read More →
CBN returns N10.9trn liquidity through OMO repayments
The Central Bank of Nigeria (CBN) returned about N10.89tn to the financial system in September 2026 through the repayment of maturing Open Market Operations (OMO) bills, even as it sold fresh securities worth N17.51tn during the month. The repayments, which... Read More →
CBN: Tax, security, interest rate top concerns for firms
Nigerian businesses continued to face significant operating pressures in September, with multiple taxation, insecurity and elevated interest rates emerging as the biggest obstacles to business activity, according to the Central Bank of Nigeria. The findings were contained in the apex... Read More →
Rate cut raises hopes for cheaper business loans
For more than two years, Nigerian businesses faced a difficult combination of high operating costs and expensive credit. Manufacturers borrowed at rates that squeezed already thin margins, smaller businesses struggled to finance working capital, while investors earned unusually high returns... Read More →
NGX drops N425bn on month-end profit-taking
The Nigerian equities market closed the final trading session of September on a bearish note, as profit-taking dragged key benchmark metrics lower, eroding N425.73bn in investor wealth. At the close of transactions on Wednesday, the All-Share Index of the Nigerian... Read More →
US stocks rise after stable inflation reading
Wall Street stocks rose early Wednesday following a stable US inflation reading and data showing better hiring than expected. Government data showed the US Federal Reserve’s preferred inflation gauge stood at 3.4 per cent year-on-year in August, unchanged from the... Read More →
CBN prepares to mop up N4.69tn as liquidity rises
Liquidity in Nigeria’s banking system climbed sharply to N8.84tn ahead of the settlement of the Central Bank of Nigeria’s latest Open Market Operation bills, raising expectations of a substantial cash withdrawal from the financial system. The latest liquidity position represents... Read More →