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Banks’ maximum lending rate drops to 33.16% Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per  cent  in  May,  reflecting  a  modest  decline  in  borrowing  costs  as  the  Central  Bank  of Nigeria... Read More →

Global tensions shape CBN’s monetary policy The Central Bank of Nigeria’s monetary policy is increasingly being shaped by global geopolitical  tensions,  as  the Middle East  crisis  complicates  inflation management,  delays interest rate cuts and heightens risks to exchange rate stability... Read More →

Govt renews commitment to IMF-backed economic reforms The Federal Government has reaffirmed its commitment to sustaining its partnership with the International Monetary Fund as it pursues ongoing fiscal and macroeconomic reforms aimed at restoring economic stability, strengthening public finances and... Read More →

NGX gains N2tn as market cap hits N159tn The Nigerian equities market sustained a strong bullish run for the week ending Friday, 24 July 2026, as heavy institutional buying across core sectors pushed the overall market valuation above the historical... Read More →

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 →