Market Updates

The Africa Finance Corporation has appointed the Governor of the Central Bank of Nigeria, Olayemi Cardoso, as Chairman of its Board of Directors, as the institution seeks to strengthen infrastructure financing and industrial development across Africa. Cardoso succeeds Ireti Samuel-Ogbu, who will remain on the corporation’s board following the completion... Read More →

The President of Dangote Group, Aliko Dangote, has said investors applying with N50,000 and below will receive priority in the Dangote Refinery initial public offering as the company seeks to widen participation in the share sale. Dangote stated this during the final leg of the nationwide IPO roadshow in Port... Read More →

Trading activities on the Nigerian Exchange closed on a positive note on Wednesday, as the market capitalisation recorded an upward movement to close at N160.812tn compared to N160.708tn recorded on the previous trading day. The market All-Share Index similarly appreciated to settle at 247,673.65 basis points from 247,513.63 basis points,... Read More →

The Debt Management Office is planning to raise N5.75tn through the Federal Government of Nigeria  bond offers in the final three months of 2026, extending the government’s borrowing programme after bond allotments more than doubled in the first nine months of the year. The proposed issuance, outlined in the DMO’s... Read More →

Trading on the floor of the Nigerian Exchange Limited closed on a bearish note on Tuesday, as profit-taking activities weighed on key market indicators and dragged the benchmark All-Share Index lower by 222.61 points to settle at 247,513.63 basis points compared to the 247,736.24 basis points recorded on Monday. Market... Read More →

Nigeria’s interbank borrowing costs declined on Monday as surplus liquidity in the financial system rose to N4.04tn, easing immediate funding pressures on banks ahead of a major Central Bank of Nigeria liquidity operation. Banking system liquidity increased by 8.99 per cent from N3.71tn recorded previously, according to market data from... Read More →