Market Updates

Nigeria’s foreign reserves hit $51.86 billion, highest since 2009 Nigeria’s external reserves have climbed to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year. Data from the CBN tracked by Nairametrics shows that the country’s gross... Read More →

CBN allots N1.19 trillion as investors bid N2.87 trillion for 364-day T-bill Investors in Nigeria’s Treasury Bills market poured a whopping N2.87 trillion into the 364-day instrument alone at the July 15 primary market auction, more than seven times higher than N400 billion on offer. While the 91-day and 182-day... Read More →

‘CBN may hike rates as election spending pressures rise’ The Central Bank of Nigeria is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was  issued on Wednesday by... Read More →

NGX gains N390bn as banking stocks lift market The Nigerian equities market maintained its upward momentum on Wednesday as renewed demand for banking stocks offset profit-taking in select counters, keeping the Nigerian Exchange near historic highs despite a slowdown in trading activity. The benchmark NGX All-Share Index ended the session... Read More →

Stockbrokers hail Nigeria’s return to S&P Frontier Watchlist The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the decision of S&P Dow Jones Indices to place Nigeria on its 2027 Watchlist for potential reclassification from a Standalone Market to a Frontier Market. This... Read More →

Stock market rebounds as capitalisation jumps N719bn The Nigerian equities market rebounded on Tuesday to close higher, snapping its two-day losing streak as the overall market capitalisation advanced by N719bn. The All-Share Index gained 1,121.33 points, representing a 0.46 per cent growth, to close at 242,870.44 points. Accordingly, market capitalisation... Read More →