Market Updates

Zenith Bank records N1.26tn profit, proposes N10 dividend Zenith Bank Plc has announced its audited financial results for the year ended 31 December 2025, reporting a profit before tax of N1.26tn. This performance follows a high base of N1.33tn recorded in the 2024 financial year. Despite the slight moderation in... Read More →

T-Bill yields drop amid N6tn liquidity surge The Nigerian Treasury Bills secondary market maintained a strong bullish trajectory last week as an unprecedented surge in system liquidity pressured yields downward, according to the latest fixed-income analysis from Afrinvest Securities on Tuesday. The financial system opened the second quarter with an... Read More →

Naira settlement policy reshapes Nigeria’s remittance landscape The Central Bank of Nigeria’s new naira settlement rule for diaspora remittances marks a notable shift in policy, with implications for recipients, foreign exchange flows, and market operations, JUSTICE OKAMGBA writes the Central Bank of Nigeria recently unveiled a sweeping policy that is... Read More →

DMO raises borrowing cost of FGN Bonds, crashes allotment to N485.50 billion The Debt Management Office (DMO) has increased borrowing costs at its latest Federal Government (FGN) bond auction conducted on Monday, March 30 while significantly cutting allotments to N485.50 billion. This is according to the auction results of reissued FGN Bonds seen... Read More →

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March The naira weakened slightly to N1,387/$ on Tuesday, compared to N1,386.75/$ recorded in the previous session. This is according to data from the Central Bank of Nigeria (CBN). The marginal depreciation comes amid a decline in Nigeria’s external reserves, which... Read More →

CBN sets tough cybersecurity timeline for banks The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the... Read More →