Market Updates

Coronation Merchant Bank completes N50bn recapitalisation exercise Coronation Merchant Bank has completed its recapitalisation programme, raising its paid-up capital to N50,257,767,438 and reinforcing the bank’s balance sheet to support greater operational resilience and efficiency. A statement from the bank on Sunday stated that the capital raise was carried out through... Read More →

External reserves hit $50bn, highest in 13 years – CBN The Central Bank of Nigeria has announced that the country’s gross external reserves have surpassed the $50bn mark, reaching their highest level in over 13 years. Governor Olayemi Cardoso disclosed this milestone on Thursday while delivering the Distinguished Alumni Lecture... Read More →

Equities market rebounds with N649bn gain The Nigerian stock market reversed the negative trend witnessed in the previous two trading sessions, recording a gain of N649bn on Thursday. The All-Share Index rose by 1,010.22 points, representing an increase of 0.52 per cent to close at 196,908.76 points. Market capitalisation gained... Read More →

When the NBET announced the successful issuance of the N501.02 billion bond to settle legacy debts owed to power generation companies (Gencos), it was more than another government financing headline. The N501.02 billion Series 1 bond represented the first issuance under the Federal Government’s N1.23 trillion initial approval within the... Read More →

Nigeria spent $5.2bn servicing external debt in 2025 Nigeria spent about $5.21bn servicing external debt obligations in 2025, accounting for more than 72 per cent of the country’s total international payments during the year, data obtained from the Central Bank of Nigeria has shown. Figures published on the CBN website... Read More →

NGX loses N107bn as bearish sentiment persists Trading on the Nigerian Exchange closed slightly lower on Wednesday as profit-taking in selected equities continued to weigh on the market, dragging key performance indicators into negative territory. Market data showed that the benchmark All-Share Index declined 0.09 per cent to close at... Read More →