Market Updates

The foreign exchange market in Nigeria experienced a notable surge in activity for the week ended 25 September, 2026, driven by strong growth across both spot and derivatives transactions. According to market data released by FMDQ Group Plc, total turnover across FX Spot and Derivatives markets reached $2,627.15m. This represents... Read More →

The Chartered Institute of Bankers of Nigeria is launching a strategic initiative to ensure macroeconomic gains reach the real economy and ordinary households as ongoing banking sector reforms and recapitalisation strengthen the balance sheets of the country’s top-tier lenders. Speaking on Saturday in Lagos at the 2026 Stream II Chartered... Read More →

Sterling Financial Holdings Company Plc has commenced its approved share capital reconstruction, consolidating every 10 existing ordinary shares into one new ordinary share. Following the expansion of its equity base through multiple rounds of capital raises, the exercise is designed to improve capital-structure efficiency, support strategic growth, and strengthen the... Read More →

OPay, a leading fintech company in Nigeria, has received two major honours at the 5th edition of the Consumers Value Awards, further highlighting the strong confidence Nigerian consumers place in the fintech brand. At the awards ceremony held on Wednesday, 23 September, 2026, in Ikeja, Lagos, OPay emerged winner of... Read More →

Nigerian equity market capitalization shed N468.63 billion to close at N163.530 trillion on Tuesday, September 29, 2026, as trading activity on the Nigerian Exchange (NGX) closed on a bearish note despite substantial liquidity. Investors traded a total of 548,646,300 equity shares valued across 47,203 transactions. Despite the high volume, the... Read More →

The Nigerian equities market maintained its winning streak into a third consecutive week, with the benchmark NGX All-Share Index (ASI) rising 2,308.85 basis points or approximately 0.92%, to close at 252,113.41 points on Friday, September 25, up from 249,804.56 points the previous week. Market capitalisation rose by N1.498 trillion, or... Read More →