Market Updates

Nigeria Intensify Efforts to Deepen Monetary Cooperation, Financial Integration across Africa Nigeria has stepped up efforts to host the African Union (AU) African Monetary Institute (AMI), signalling a renewed push toward deeper monetary cooperation and financial integration across the continent, as preparations intensify for the institute’s planned take-off in September... Read More →

Stock rally affirms NB leadership, says MD The leadership of Nigerian Breweries Plc has tied the recent triple-digit surge in its share price to a successfully executed business recovery plan, asserting that the company has emerged from its most turbulent financial period with a fortified market position. Speaking at the... Read More →

NGX market cap surges by N1.66tn The Nigerian equities market sustained its bullish momentum as investors continued to accumulate fundamentally strong stocks, pushing key performance indicators higher at the close of trading. The market capitalisation opened the session at N134.772tn and advanced to N136.435tn, reflecting strong buying interest across several... Read More →

Prevent global financial contagion, IMF warns policymakers The International Monetary Fund has issued a stern directive to global financial authorities to take decisive action to “prevent global financial contagion”, as the ongoing war in the Middle East creates a volatile environment of inflationary pressures and heightening systemic risks. In its... Read More →

Investors shift to short-dated T-bills Nigeria’s debt market is witnessing a tactical migration as investors increasingly bypass long-term bonds in favour of the short-term security offered by Treasury bills. Driven by a persistent yield curve inversion and a liquidity deficit that recently settled at N7.1tn, the flight to the “belly... Read More →

CSCS launches joint account feature for collaborative investing The Central Securities Clearing System Plc has announced the launch of a new suite of investor-centric services. At the forefront of this rollout is a groundbreaking Joint Account feature, designed to streamline collaborative wealth management for families and business partners. The initiative,... Read More →