Market Updates

Naira slips 0.91% at official window as investors appraise assets The naira depreciated by 0.91 per cent at the official foreign exchange window LAST week, closing at N1,366.23 per dollar from N1,353.9. This comes as the dollar continues to strengthen against other currencies following the global investment de-risking in the face of... Read More →

CBN targets single-digit inflation The Central Bank of Nigeria has said it is on course to reduce inflation to single digits as part of its transition to an inflation-targeting monetary policy framework. This was disclosed in a statement issued by the apex bank on Sunday following an engagement with the... Read More →

NGX sees 8.761bn shares traded in three days The Nigerian Exchange Limited witnessed an extraordinary surge in activity as investors traded 8.761 billion shares valued at N267.253bn in 193,473 deals, despite a shortened trading week. This massive turnover, which occurred in just three business days due to the Federal Government... Read More →

Guinea Insurance signs N5.8bn Rights Issue Guinea Insurance Plc has signed agreements for its N5.8bn Rights Issue to strengthen its capital base and reposition for growth. The company said the move marked a key step in its strategy to expand operations, enhance innovation and improve shareholder returns. The offer, according... Read More →

FX trades drive FMDQ turnover to N60.77tn in January FMDQ Group recorded a massive total turnover of N60.77tn for the month of January as the Nigerian financial markets opened 2026 with a surge in liquidity. The performance, detailed in the 136th edition of the FMDQ Spotlight newsletter, underscores a market... Read More →

Recapitalisation: One week to deadline, banks in last-minute rush Banks are in a last-minute push to meet the Central Bank of Nigeria’s recapitalisation deadline, with the apex bank expected to make a major announcement this week as the March 31, 2026, cut-off approaches. Findings by The PUNCH indicate that most... Read More →