Market Updates

The Federal Government has set its sights on advancing Nigeria’s capital market to Emerging Market status following confirmation from global index provider FTSE Russell that the nation’s market will be officially reclassified to Frontier Market status from Monday, 21 September 2026. The reclassification marks Nigeria’s formal return to the global... Read More →

Market sentiment is expected to remain mixed as investors weigh selective bargain-hunting in fundamentally solid equities against routine profit-taking. JIDE AJIA reports Trading volume and market direction over the coming sessions will depend heavily on upcoming corporate earnings reports, broader macroeconomic indicators and central bank policy signals. While volatility may... Read More →

The Board of Directors of Access Holdings Plc has approved the Group’s audited interim consolidated and separate financial statements for the half-year ended 30 June 2026. The decision was taken during the board’s meeting held on 27 August 2026, marking a significant step in the group’s financial reporting calendar. “The... Read More →

Nigeria’s foreign reserves cross $53 billion, hit highest level since 2009 Nigeria’s foreign exchange reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026. Checks by Nairametrics on the Central Bank of Nigeria’s (CBN) data show that... Read More →

IMF urges deeper fiscal, monetary reforms in Nigeria The International Monetary Fund (IMF) has urged Nigeria and other leading African economies to intensify fiscal, monetary and governance reforms to strengthen economic stability and promote broader-based growth. The recommendation was contained in the IMF’s latest assessment of reform priorities across the... Read More →

NGX sheds N259bn as All-Share Index declines The Nigerian Exchange Limited concluded Wednesday’s trading session on a subdued note, as persistent selling pressure pushed equities benchmark indicators further into negative territory. The  All-Share  Index  dropped  by  402.25  points  to  settle  at  238,682.92  points,  down  from 239,085.17 points recorded during the... Read More →