Market Updates

Nigeria’s foreign reserves have increased by more than $21bn since Olayemi Cardoso became Governor of the Central Bank of Nigeria, giving the country a much bigger dollar buffer than it had when he took office. The reserves stood at $54.61bn as of September 14, 2026, according to CBN data. That... Read More →

The Nigerian equities market maintained a strong bullish momentum on Wednesday, as trading activities closed on a positive note across major market indicators, lifting the All-Share Index to an all-time peak. The benchmark All-Share Index advanced by 0.23 per cent to settle at 251,191.02 basis points, up from 250,614.66 points... Read More →

Airtel Money has announced plans to list its shares on the London Stock Exchange in a proposed initial public offering, as the African digital financial services business moves toward a potential public listing. The company, which operates across 13 African markets, said the proposed listing would support its next phase... Read More →

Nigeria’s listed technology and telecommunications stocks posted mixed performances on Tuesday with come major stocks coming under pressure, while others held steady or extended recent gains. The performance came a day after the Nigerian Exchange (NGX) All-Share Index crossed the 250,000-point mark for the first time, gaining 0.14% to close... Read More →

Airtel Africa Plc has bought back 798,919 of its ordinary shares at a volume-weighted average price (VWAP) of 322.59 pence per share, taking the total number of shares repurchased under its ongoing buyback programme to 19.91 million. This was revealed in a transaction notification issued by Airtel Africa on September... Read More →

Eight years after commencing operations in Nigeria, OPay continues to build, innovate, and serve, using technology to make financial services simpler, more accessible, and more inclusive for Nigerians. For some Nigerians, OPay is an app on their phone. For others, it is the money that arrived when they needed it,... Read More →