Market Updates

UACN lists N54.03bn bond on NGX UAC of Nigeria Plc has listed its N54.03bn Series 1 bond on Nigerian Exchange Limited, underscoring the Exchange’s growing profile as a multi-asset platform and providing the company with access to long-term capital. The seven-year senior unsecured instrument, admitted to trading on 17 April... Read More →

Naira weakens to N1,349/$ as US dollar falls on Iran talks  The naira depreciated to N1,349/$ on Monday, down from N1,342.5/$ recorded at the close of trading on Friday. This is according to data published on the Central Bank of Nigeria (CBN). The currency’s decline comes amid contrasting global currency... Read More →

NGX extends trading hours The Nigerian Exchange Limited has announced the expansion of its trading hours from 9:00am to 4:00pm, effective Monday, 27 April 2026. The move is designed to deepen market liquidity, enhance price discovery, and broaden investor access. Approved by the Securities and Exchange Commission Nigeria, the expansion... Read More →

Shareholders hail BUA’s corporate governance Shareholders have commended the corporate governance leadership style of the chairman of BUA Group, Abdul Rabiu, urging other business leaders to emulate his compassionate approach to staff and stakeholders’ welfare. The shareholders said Rabiu has consistently demonstrated how to translate private enterprise and wealth into... Read More →

CBN tightens grip as interbank deficit hits N4.1tn In a strategic move to curb rising food and fuel prices, the Central Bank of Nigeria has tightened its grip on the financial system, pushing the interbank deficit to N4.1tn. By vacuuming out excess liquidity through high-yield government bills, the CBN is... Read More →

Nigeria Intensify Efforts to Deepen Monetary Cooperation, Financial Integration across Africa Nigeria has stepped up efforts to host the African Union (AU) African Monetary Institute (AMI), signalling a renewed push toward deeper monetary cooperation and financial integration across the continent, as preparations intensify for the institute’s planned take-off in September... Read More →