Market Updates

Forex traders blame fiscal indiscipline, budget overlap as naira volatility worsens  Forex traders have attributed the worsening volatility of the naira at the parallel market to fiscal indiscipline and overlapping budget cycles by the Federal Government. This is according to insights from currency traders and market operators who spoke to... Read More →

CBN alerts public to fraudulent links targeting personal bank accounts  The Central Bank of Nigeria (CBN) has warned members of the public about the circulation of fraudulent messages and links designed to gain access to personal bank accounts. The warning was contained in a press release dated April 21, 2026,... Read More →

Tinubu sacks Wale Edun, Dangiwa as ministers President Bola Tinubu has approved a minor reshuffle of the Federal Executive Council, removing the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, and the Minister of Housing and Urban Development, Ahmed Dangiwa, from their cabinet positions. A statement on... Read More →

Seven  Banks’ Total Assets Hits N147.2trn on Increased Capital Inflows, Recapitalisation On the back of increased capital inflows, enhanced lending strategies, and ongoing recapitalisation, seven listed banks on the Nigerian Exchange Limited (NGX), recorded N147.2 trillion total assets in 2025, about 11.4 per cent increase over N132.14 trillion reported in 2024. ... Read More →

UACN lists N54.03bn bond on NGX UAC of Nigeria Plc has listed its N54.03bn Series 1 bond on Nigerian Exchange Limited, underscoring the Exchange’s growing profile as a multi-asset platform and providing the company with access to long-term capital. The seven-year senior unsecured instrument, admitted to trading on 17 April... Read More →

Naira weakens to N1,349/$ as US dollar falls on Iran talks  The naira depreciated to N1,349/$ on Monday, down from N1,342.5/$ recorded at the close of trading on Friday. This is according to data published on the Central Bank of Nigeria (CBN). The currency’s decline comes amid contrasting global currency... Read More →