Market Updates

Financial reforms gain traction with global recognition The Central Bank of Nigeria secured a major global endorsement last week after it was named Central Bank of the Year 2026 by the Central Banking Awards Committee in London, a recognition that underscores the institution’s role in steering Africa’s largest economy through... Read More →

Agama re-elected IOSCO regional vice chair The Securities and Exchange Commission Nigeria has announced the re-election of its director-general, Emomotimi Agama, as the Vice Chair of the Africa/Middle East Regional Committee of the International Organization of Securities Commissions. The appointment, confirmed for a second term spanning 2026–2028, solidifies Nigeria’s influence... Read More →

Naira slips 0.91% at official window as investors appraise assets The naira depreciated by 0.91 per cent at the official foreign exchange window LAST week, closing at N1,366.23 per dollar from N1,353.9. This comes as the dollar continues to strengthen against other currencies following the global investment de-risking in the face of... Read More →

CBN targets single-digit inflation The Central Bank of Nigeria has said it is on course to reduce inflation to single digits as part of its transition to an inflation-targeting monetary policy framework. This was disclosed in a statement issued by the apex bank on Sunday following an engagement with the... Read More →

NGX sees 8.761bn shares traded in three days The Nigerian Exchange Limited witnessed an extraordinary surge in activity as investors traded 8.761 billion shares valued at N267.253bn in 193,473 deals, despite a shortened trading week. This massive turnover, which occurred in just three business days due to the Federal Government... Read More →

Guinea Insurance signs N5.8bn Rights Issue Guinea Insurance Plc has signed agreements for its N5.8bn Rights Issue to strengthen its capital base and reposition for growth. The company said the move marked a key step in its strategy to expand operations, enhance innovation and improve shareholder returns. The offer, according... Read More →