Market Updates

Money market rates declined on Wednesday as increased liquidity in the banking system pushed short-term funding costs lower. The development followed the Central Bank of Nigeria’s 350-basis-point cut in its policy rate to 23 per cent and the adjustment of the standing deposit facility floor to 20 per cent. AIICO... Read More →

NASD Plc has said it is seeking to raise N12 billion through a Rights Issue as the securities exchange strengthens its capital base and positions itself for its next phase of growth. The capital raise will support NASD’s regulatory recapitalisation requirements while  providing additional financial capacity to invest in its... Read More →

Positive sentiments continued to dominate the  Nigerian stock market yesterday as gains in 28 stocks lifted the market  capitalisation by N622 billion. As a result, the Nigerian Exchange Limited All-Share Index (NGX ASI) rose by 0.38 per cent to close at 252,150.01 basis points. Similarly, the overall market capitalisation value... Read More →

FMDQ Exchange has recorded a total market turnover of N496.61tn between January and August 2026 across 162 business days, reflecting sustained liquidity and active market participation driven primarily by foreign exchange transactions and policy-linked fixed income instruments. The milestone, detailed in the 142nd edition of the FMDQ Newsletter obtained by... Read More →

Nigerian Exchange Group Plc has expanded access to its NGX Invest platform with the launch of a dedicated WhatsApp subscription channel, providing retail and institutional investors with an additional pathway to participate in primary market public offers. Investors can initiate the subscription process by sending “Invest” to the designated NGX... Read More →

NASD targets N12bn Rights Issue for growth, infrastructure NASD Plc has commenced a capital raising exercise to raise N12bn via a Rights Issue, aimed at strengthening its equity base, satisfying regulatory capital requirements, and funding its transition into a composite exchange structure. Under the terms of the transaction, the securities... Read More →