Market Updates

Profit-taking Persists as Stock Market Decline by N2.34tn The domestic stock market opened the week on a negative note, as profit-taking in  MTN Nigeria Communications (MTNN) Plc and 44 others caused the overall capitalization to close lower by N2.34 trillion. As  MTN Nigeria depreciated by 10 per cent,  the Nigerian... Read More →

Stock market to recover gradually amid election risks — Adonri The Chief Executive Officer of HighCap Securities Limited, David Adonri, has said that Nigeria’s stock market is expected to stage a mild recovery in the second half of 2026, supported by improving corporate fundamentals and sustained macroeconomic reforms, despite persistently... Read More →

Marketers reject fuel pricing curbs, threaten shutdown Fuel marketers have declared that their filling stations will stop selling petrol should the Federal Government try to enforce price control. The National Publicity Secretary of the Independent Petroleum Marketers Association of Nigeria, Chinedu Ukadike, issued the warning on Tuesday during an interview... Read More →

EU financiers expand Nigeria investment push with €20m European development finance institutions have expanded their investment presence in Nigeria with the launch of a fresh €20m Nigeria Country Window, alongside indications that additional funding is being prepared to support infrastructure, agriculture, healthcare, renewable energy, and small businesses. The announcement was... Read More →

FX market trading jumps 22% in June – Report Activity in the Nigerian foreign exchange market experienced a significant surge in the final week of June, with total turnover climbing by more than 22 per cent, driven by a sharp rebound in both spot transactions and hedging derivatives. According to... Read More →

Stocks rise, oil edges up as US, Iran agree to halt attacks Asian stocks mostly rose, and oil prices edged up on Monday as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.... Read More →