Market Updates

Naira closes January at 1,386/$ in official market The naira showed resilience in the final week of January 2026, gaining significant ground against the United States dollar in the official Nigerian foreign exchange market. According to data from the Central Bank of Nigeria, the Nigerian foreign exchange market rate, which... Read More →

How financial reforms lifted Nigeria off EU high-risk list The European Union’s decision to remove Nigeria from its list of high-risk jurisdictions for money laundering and terrorism financing has underscored the tangible benefits of reforms implemented by the Central Bank of Nigeria, according to industry observers. They noted that the... Read More →

NGX All-Share Index slips 0.09% Last week, the Nigerian Exchange Limited All-Share Index fell 0.09 per cent to close the week at 165,370.40 points, while market capitalisation rose 0.18 per cent to N106.153tn. Most other indices closed higher, except NGX 30, CG, Premium, Banking, Pension, Growth, and NGX Pension Broad,... Read More →

Naira breaks N1,400 barrier at N1,396.99/$ Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central Bank of Nigeria show that the Nigerian Foreign Exchange Market... Read More →

NGX market cap rises by N232b The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on Wednesday, 28 January, to N105.97tn, representing a 0.22 per cent... Read More →

ASI dips 0.33% as equities close in the red The Nigerian Exchange Limited closed Wednesday’s trading session on a negative note as sustained sell pressure pushed the All-Share Index down by 0.33 per cent. At the close of trading, the ASI declined by 549.44 points to settle lower, while market... Read More →