Market Updates

Naira settlement policy reshapes Nigeria’s remittance landscape The Central Bank of Nigeria’s new naira settlement rule for diaspora remittances marks a notable shift in policy, with implications for recipients, foreign exchange flows, and market operations, JUSTICE OKAMGBA writes the Central Bank of Nigeria recently unveiled a sweeping policy that is... Read More →

DMO raises borrowing cost of FGN Bonds, crashes allotment to N485.50 billion The Debt Management Office (DMO) has increased borrowing costs at its latest Federal Government (FGN) bond auction conducted on Monday, March 30 while significantly cutting allotments to N485.50 billion. This is according to the auction results of reissued FGN Bonds seen... Read More →

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March The naira weakened slightly to N1,387/$ on Tuesday, compared to N1,386.75/$ recorded in the previous session. This is according to data from the Central Bank of Nigeria (CBN). The marginal depreciation comes amid a decline in Nigeria’s external reserves, which... Read More →

CBN sets tough cybersecurity timeline for banks The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the... Read More →

Stock market rebounds as ASI rises 0.40% The Nigerian equities market snapped a recent bearish streak on Tuesday as the benchmark All-Share Index rose by 0.40 per cent to close at 201,287.78 points. This upward momentum pushed the year-to-date return to 29.35 per cent, translating into a significant N516bn gain... Read More →

FCMB Capital Markets tops FMDQ Fixed Income league FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has officially been crowned the leader of the FMDQ Securities Exchange Limited’s Fixed Income Primary Markets Sponsors’ League Table for the full year 2025. The firm cemented its dominance by... Read More →