Market Updates

Naira breaks N1,400 barrier at N1,396.99/$ Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central Bank of Nigeria show that the Nigerian Foreign Exchange Market... Read More →

NGX market cap rises by N232b The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on Wednesday, 28 January, to N105.97tn, representing a 0.22 per cent... Read More →

ASI dips 0.33% as equities close in the red The Nigerian Exchange Limited closed Wednesday’s trading session on a negative note as sustained sell pressure pushed the All-Share Index down by 0.33 per cent. At the close of trading, the ASI declined by 549.44 points to settle lower, while market... Read More →

CBN seeks long-term capital to drive reforms The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said Nigeria’s financial sector reforms depend largely on sustained access to long-term capital from development finance institutions. Cardoso stated this on Wednesday in Abuja while hosting a delegation from British International... Read More →

FG’s N501 billion power sector bond records 100% subscription The Federal Government has recorded a full subscription for its N501 billion inaugural power sector bond issued under the Presidential Power Sector Debt Reduction Programme (PPSDRP), signalling strong investor confidence in ongoing electricity market reforms. The development was disclosed in a... Read More →

Naira appreciates to N1,400/$ as US dollar weakens The Nigerian Naira continued to gain ground against the US dollar during the midweek trading session. In the official market, the naira maintained the appreciation trend seen since the start of the week. The local currency hit monthly highs in the Nigerian Foreign Exchange Market (NFEM), where the exchange... Read More →