Market Updates

Naira weakens 0.85% to close at N1,381.70/$ The Nigerian naira experienced a demanding week at the official foreign exchange window, extending its losses to close at its weakest weekly level against the United States dollar despite recent regulatory interventions by the Central Bank of Nigeria. According to official data released... Read More →

FX derivatives fall 45.19% on weak demand Activity in the Nigerian foreign exchange market slowed down significantly during the week ended 10 July 2026, as total turnover across the Spot and Derivatives markets plummeted by nearly half. According to the latest weekly data released by FMDQ Exchange, the market recorded... Read More →

Market operators get July 10 filing deadline Nigeria’s capital market operators have been directed by the Securities and Exchange Commission to file their cross-border financial data on or before Friday, July 10, 2026. In a regulatory circular published on its website on Wednesday, July 8, 2026, the commission emphasised that... Read More →

NGX gains N961.75bn as rally enters 5th straight session Nigeria’s equities market sustained its bullish momentum on Thursday, extending its winning streak to five consecutive trading sessions as renewed buying interest in banking, telecommunications and consumer goods stocks lifted investors’ wealth by N961.75bn. The benchmark Nigerian Exchange All-Share Index rose... Read More →

Gold, copper prices rise amid global metals rally Gold and copper led the day’s gains on the international spot markets, as global commodity markets recorded a strong upward swing on Thursday. Both commodities provided a strong cushion for resource-heavy economies despite ongoing volatility in the global energy sector, driven by... Read More →

SEC proposes committee to restore Nigeria to global indices The Securities and Exchange Commission has proposed the establishment of an Index Reclassification Steering Committee to guide Nigeria back into global financial indices following positive indicators from major international ratings agencies. The move comes after S&P Dow Jones Indices placed Nigeria... Read More →