Market Updates

The naira was among the more resilient African currencies during the second quarter of 2026, despite a wave of exchange rate pressure caused by rising geopolitical tensions and higher energy prices, the World Bank has said. The World Bank’s October 2026 “Africa Economic Update” found that the naira’s maximum depreciation... Read More →

The equities market on the Nigerian Exchange extended its losing streak to a fifth consecutive session as sustained risk-off sentiment dragged trading performance lower. The All-Share Index declined by 394.36 points, representing a loss of 0.16 per cent, to close at 250,273.50 points on Tuesday. Similarly, the overall market capitalisation... Read More →

The Federal Government has lowered the interest rates on its latest savings bond offer, with investors set to earn 13.071 per cent on the two-year instrument and 14.071 per cent on the three- year bond. The Debt Management Office announced the rates in its October 2026 offer circular released on... Read More →

The Central Bank of Nigeria, on behalf of the Debt Management Office, will offer N900 billion in Nigerian Treasury bills at the first auction of the fourth quarter on Wednesday, with the one-year instrument accounting for nearly four-fifths of the offer. The auction will comprise N100bn in 91-day bills, N100... Read More →

The Central Bank of Nigeria has said its decision to cut the Monetary Policy Rate from 26.5 per cent to 23 per cent was designed to stimulate productive activities while sustaining efforts to bring inflation down to a single digit. The Director, Stakeholder Engagement and Institutional Relations Department of the... Read More →

Critical Minerals Financing Corporation Plc emerged as the best-performing stock on the Nigerian Exchange in September as investor demand surged for shares of the mineral-focused investment banking institution. Trading data provided by the NGX showed CMFC recorded the highest average capital gain of 55.96 per cent during the month, outpacing... Read More →