Market Updates

Lagos, FCMB unveil $500m human capital governance programme The landscape of public service delivery in Lagos State is undergoing a systemic transformation as the state government, in collaboration with the World Bank and First City Monument Bank, scales the Human Capital Opportunities for Prosperity and Equity–Governance programme. According to a... Read More →

SEC, NGX, Others Engage African Exchanges on Cross-border Listings The Securities & Exchange Commission ((SEC), NGX Group Plc and other capital market stakeholders in Africa recently convened in Lagos to advance cross-border listings and deepen integration across the continent’s capital markets. The engagement brought together stakeholders within the African Securities... Read More →

Currency Outside Banks Down 3.66%, Currency in Circulation Unchanged at N5.73trn Nigeria’s cash holdings outside the banking system eased in February 2026, reflecting a moderation in cash demand after the year-end spending surge as currency outside banks declined by 3.66 per cent to N5.21 trillion, while total currency in circulation... Read More →

Remittance outflows drop 36% as reforms stabilise economy Remittance outflows declined by N689.55m in 2025, reflecting a 36.09 per cent drop compared to 2024, according to data obtained from the Central Bank of Nigeria on Tuesday. Remittance outflows are money sent from a country to recipients in other countries. In... Read More →

Zenith Bank records N1.26tn profit, proposes N10 dividend Zenith Bank Plc has announced its audited financial results for the year ended 31 December 2025, reporting a profit before tax of N1.26tn. This performance follows a high base of N1.33tn recorded in the 2024 financial year. Despite the slight moderation in... Read More →

T-Bill yields drop amid N6tn liquidity surge The Nigerian Treasury Bills secondary market maintained a strong bullish trajectory last week as an unprecedented surge in system liquidity pressured yields downward, according to the latest fixed-income analysis from Afrinvest Securities on Tuesday. The financial system opened the second quarter with an... Read More →