Market Updates

Nigeria’s annual average inflation is projected to decline significantly to 15.6 per cent in 2026 before easing further to 14.7 per cent in 2027, according to the latest economic assessment by the International Monetary Fund. This expected slowdown marks a noticeable deceleration from the elevated 23.0 per cent average inflation... Read More →

The Nigerian equities market closed on a bearish note on Wednesday, reversing previous gains as heavy selling pressure in major banking and financial stocks dragged the key performance indicators lower. The All-Share Index dropped by 0.32 per cent or 794.64 points to settle at 245,116.49 points, down from 245,911.13 points... Read More →

PEARL Awards Nigeria has officially unveiled the nominees for its 2026 Awards, shortlisting top-performing companies quoted on the Nigerian Exchange Limited across major sectors of the economy. Speaking at a press conference held in Lagos, the President and Chief Executive Officer of PEARL Awards Nigeria, Tayo Orekoya, formally announced that... Read More →

Head of Compliance at FairMoney Microfinance Bank, James Edeh, has called on industry operators to prioritise responsible lending, customer data privacy and transparent operations to build sustainable consumer trust in digital banking. Edeh noted that although rapid digital innovation had broadened access to financial services, it must be supported by... Read More →

The Nigerian Exchange Limited (NGX) reversed its brief upward traction on Wednesday, returning to negative territory as N515.95 billion was wiped out of equities market capitalisation. The main benchmark All-Share Index (ASI) shed 794.64 points or 0.32%, closing at 245,116.49 points compared to 245,911.13 points recorded on Tuesday. Total market... Read More →

AVA Capital Plc reported profit before tax of N2.63 billion for the nine months ended September 30, 2026, as client investment funds rose to N77.79 billion following the expansion of its asset management business. The financial services group recorded revenue of N5.87 billion during the period, alongside profit after tax... Read More →