Market Updates

CBN tightens oversight as digital finance expands The Central Bank of Nigeria is tightening oversight of digital finance platforms, aiming to balance rapid innovation with stronger safeguards to protect stability and boost confidence, JIDE AJIA writes The Central Bank of Nigeria is stepping up efforts to reinforce confidence in the country’s financial... Read More →

NGX rally drives Nigeria’s frontier market re-entry International index provider FTSE Russell has officially restored Nigeria’s status to ‘Frontier Market’, a significant upgrade that reflects the sweeping infrastructure improvements and liquidity gains within the Nigerian Exchange. The decision, according to the NGX on Wednesday, marks the end of a period... Read More →

Lagos, FCMB unveil $500m human capital governance programme The landscape of public service delivery in Lagos State is undergoing a systemic transformation as the state government, in collaboration with the World Bank and First City Monument Bank, scales the Human Capital Opportunities for Prosperity and Equity–Governance programme. According to a... Read More →

SEC, NGX, Others Engage African Exchanges on Cross-border Listings The Securities & Exchange Commission ((SEC), NGX Group Plc and other capital market stakeholders in Africa recently convened in Lagos to advance cross-border listings and deepen integration across the continent’s capital markets. The engagement brought together stakeholders within the African Securities... Read More →

Currency Outside Banks Down 3.66%, Currency in Circulation Unchanged at N5.73trn Nigeria’s cash holdings outside the banking system eased in February 2026, reflecting a moderation in cash demand after the year-end spending surge as currency outside banks declined by 3.66 per cent to N5.21 trillion, while total currency in circulation... Read More →

Remittance outflows drop 36% as reforms stabilise economy Remittance outflows declined by N689.55m in 2025, reflecting a 36.09 per cent drop compared to 2024, according to data obtained from the Central Bank of Nigeria on Tuesday. Remittance outflows are money sent from a country to recipients in other countries. In... Read More →