Market Updates

Recapitalisation: Banks raise N4tn ahead of March deadline Banks have raised N4.05tn in verified and approved capital ahead of the March 31, 2026, recapitalisation deadline set by the Central Bank of Nigeria. The CBN Governor, Olayemi Cardoso, disclosed this on Tuesday during the Monetary Policy Committee briefing in Abuja, saying,... Read More →

NGX Issues Advisory on Zichs Agro, Others over Price Movements NGX Regulation Limited (NGX RegCo), the independent regulatory arm of Nigerian Exchange Group, yesterday issued an advisory to the investing public in response to notable price movements observed in the shares of some listed companies over recent trading sessions. Specifically,... Read More →

Oando to allocate over 600 million shares Oando Plc has announced plans to proceed with the second tranche of its share distribution programme, with more than 600 million shares set to be allocated to eligible investors under a phased shareholder reward initiative. In a corporate disclosure on Thursday, the company... Read More →

US capital inflows to Nigeria jump 566% to $2.23bn Investors from the United States injected $2.23bn into Nigeria’s economy in the first nine months of 2025, findings by The PUNCH have shown. This figure represents a 566.02 per cent surge compared to the same period of 2024, despite renewed tariff... Read More →

Investors gain N1.7tn as banking, industrial shares surge Investors gained approximately N1.70 trillion at the close of Thursday’s trading, as broad-based sectoral advances lifted equities and pushed the benchmark index to a fresh weekly high on the Nigerian Exchange Limited. Market capitalisation rose to N123.93 tn from N122.24 tn, while... Read More →

Naira hits two-year high at 1,347/$ The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year, according to a macro update by CardinalStone. According to the... Read More →