Market Updates

Businesses expect CBN to hold rates as MPC meets today Organised Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions... Read More →

Stakeholders push reforms to sustain Nigeria’s economic gains Nigeria’s economic managers, captains of industry, development partners and business leaders on Thursday converged on Lagos to chart a roadmap for translating the country’s improving macroeconomic stability into inclusive economic growth, with strong calls for sustained reforms, greater private sector investment and... Read More →

Nigeria rakes in N41.7tn from six-month crude production Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting a modest recovery from the second half of last year despite a slight decline compared to... Read More →

Equities market sheds N32bn as selloffs end rally The Nigerian equities market closed lower on Thursday as mid-session selloffs wiped N32bn off investors’ investments, breaking a recent spell of positive momentum on the trading floor. The All-Share Index shed 221.14 points, representing a decline of 0.09 per cent to close... Read More →

Nigeria’s reserves hit $52bn, inflation drops to 15.9% The Central Bank of Nigeria has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according to the CBN data obtained on Thursday,... Read More →

CBN unveils centralised system to track BDC transactions The Central Bank of Nigeria has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A circular signed by the Director... Read More →