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FX, OMO push FMDQ seven-month turnover to N426.5tn Trading activity on the FMDQ Exchange reached N426.51tn between January and July 2026, as strong foreign exchange transactions and demand for Open Market Operations bills drove activity across Nigeria’s financial markets. The... Read More →

Investors place N1.73tn bids as DMO allots FGN bonds Investors submitted bids worth N1.73tn for Federal Government of Nigeria bonds at the Debt Management Office’s 17 August 2026 auction, with the DMO ultimately allotting N1.56tn across three securities. The amount... Read More →

Dangote refinery gets $1bn backing ahead of IPO The Dangote Petroleum Refinery and Petrochemicals has secured a $1bn underwriting programme ahead of its planned Initial Public Offering. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital... Read More →

Weak sentiment wipes N544bn off equity market value Trading on the Nigerian Exchange Limited ended on Tuesday with a bearish performance as key market indicators extended their downward trend. Equity market capitalisation contracted to N155.97tn from N156.52tn recorded in the... Read More →

SEC clears Blockchain, others for crypto regulation Nigeria’s Securities and Exchange Commission has cleared three virtual asset service providers, including Blockchain, for admission into its Accelerated Regulatory Incubation Programme as the regulator moves to strengthen oversight of the country’s growing... Read More →

Naira depreciated 0.55% despite CBN’s $430m intervention – Meristem The foreign exchange market remained one of the major pressure points for the economy during July, as stronger demand from importers, manufacturers and foreign investors outpaced available dollar supply. According to... Read More →

Falling inflation boosts appetite for money market assets Nigeria’s 15.43 per cent inflation rate may be strengthening the case for money-market instruments offering returns above the inflation threshold, as investors increasingly focus on preserving the real value of their naira... Read More →

NGX sheds N106bn as bearish sentiment persists The Nigerian Exchange Limited experienced an aggregate market value decline on Monday as trading closed on a bearish note. The All-Share Index  decreased 0.07 per cent to close at 242,454.65 points, dropping from... Read More →

CBN’s OMO reopening puts weak equities under pressure The Central Bank of Nigeria’s decision to reopen Open Market Operations securities to retail and corporate investors could intensify competition for funds between the fixed-income market and Nigerian equities. The policy, announced... Read More →

Otedola boosts First Holdco stake with N20.7bn share purchase Femi Otedola has expanded his investment in First HoldCo Plc after acquiring another 147.74m shares in the financial services group for N20.7bn. The transaction, executed on 14 August at N140 per... Read More →