Market Updates

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 corresponding period of the previous year despite a general drop... 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 per cent from $2.63bn recorded in the previous week. The... 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 N3.76 trillion on October 7, 2026, from N4.70 trillion the... 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 value of 250,096.75. Over the course of the trading week,... 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 Singapore included talks with the Monetary Authority of Singapore, the... 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 CBN continued its efforts to reduce excess cash in the... Read More →