Market Updates

DLM SPV lists N9bn AAA-rated notes on FMDQ FMDQ Securities Exchange Limited has officially announced the approval and listing of the DLM SPV PLC N7.30bn Series 1 (Tranche A) and N1.70bn Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes which sets the benchmark in the Corporate Bond... Read More →

Nigeria records $96bn crypto transactions – SEC Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and other virtual asset transactions, the Director-General of the Securities and Exchange Commission, Emomotimi Agama, has disclosed. Agama revealed this during a Citizens and Stakeholders Engagement Session organised by the Federal Ministry of Finance... Read More →

Naira eyes N1,390/$ settlement as U.S dollar shows resilience globally The Nigerian naira’s outlook for this week is still cautiously optimistic following a period of steady appreciation and a significant shift in monetary policy Market participants are currently observing the Naira/dollar pair to navigate a narrow range to project the next big move. The immediate... Read More →

Fintech growth drives need for stronger AML compliance Rapid fintech expansion in Nigeria is heightening regulatory scrutiny, as authorities push for stronger anti-money laundering compliance to safeguard the financial system, JUSTICE OKAMGBA reports Banks, mobile money operators, international money transfer operators, and other financial institutions in Nigeria are now required... Read More →

Market cap hits N127.36tn on weekly gains Market capitalisation on the Nigerian Exchange hit N127.36 tn as the market closed the week ending Friday on a positive note. The NGX All-Share Index appreciated 0.73 per cent to settle at 198,407.30 points, driven by investor bargain-hunting despite fluctuations in trading volume.... Read More →

Mixed auction results weigh on fixed-income markets The Nigerian fixed-income market experienced a challenging week, characterised by persistent bearish sentiment and cautious investor activity across both primary and secondary market segments. Market participants continued to navigate a complex environment defined by domestic liquidity fluctuations and external global pressures. Reflecting on... Read More →