Market Updates

The planned N200 billion bond issuance by the Lagos State Government could provide fresh funding for critical infrastructure projects, including rail transport, bridges and hospitals, while offering investors another opportunity to earn returns from Nigeria’s domestic debt market. The proposed offer, which forms part of the state’s N1tn Debt and... Read More →

OPay, one of Africa’s leading fintech companies, has secured board and shareholder approval to pursue a secondary listing on Nigerian Exchange Limited following the completion of its planned primary listing on the New York Stock Exchange, a development that aligns with Nigerian Exchange Group Plc’s earlier advocacy for leading Nigerian... Read More →

Trading activity on Nigerian Exchange Limited recorded an increase in value during the first full trading week of October, with total equity turnover rising to N158.29bn from N155.02bn in the preceding week. The market also closed Friday’s session on a positive note, recovering some ground after four consecutive sessions of... Read More →

The Nigerian Exchange Group is targeting a market capitalisation of N300 trillion and pushing for more government-linked companies to list on the exchange as the capital market seeks a larger role in driving Nigeria toward a $1 trillion economy. Speaking at the 30th anniversary and annual awards dinner of the... Read More →

Nigeria lost between $230bn and $235bn in potential investments because of the prolonged failure to pass the Petroleum Industry Bill, former Senate President Ahmad Lawan has said, recounting how he and the then Speaker of the House of Representatives, Femi Gbajabiamila, approached former President Muhammadu Buhari to secure his support... Read More →

The Central Bank of Nigeria has ruled out an extension of the 1 January 2027, deadline for financial institutions to store and manage payment transaction data generated in Nigeria locally, putting pressure on banks, fintechs and payment service providers to complete their migration plans. The disclosure was made at the... Read More →