Market Updates

The Central Bank of Nigeria withdrew N3.31 trillion from the banking system through its latest Open Market Operations auction, even as N2.17tn from maturing bills returned to banks. The result was a net liquidity withdrawal of about N1.14tn, as the CBN continued its efforts to reduce excess cash in the... Read More →

The Nigerian equities market extended its downward trend on Wednesday as the NGX All-Share Index dropped to 250,096.75 points from the 250,273.50 points recorded in the previous session, reflecting persistent bearish sentiment across the floor of the Nigerian Exchange Limited. The decline eroded overall market capitalisation down to N162.39tn, despite... Read More →

Nigeria faces a $6.4bn sovereign Eurobond repayment burden between 2024 and 2030, ranking joint third among the largest repayment exposures in sub-Saharan Africa, according to the World Bank. The World Bank disclosed this in its October 2026 Africa Economic Update, titled Building AI Readiness, which examined rising debt-servicing and refinancing... Read More →

The Chief Executive Officer of Nigerian Exchange Limited, Jude Chiemeka, has been appointed President of the African Securities Exchanges Association, effective September 30, 2026. Chiemeka, who also chairs the West African Capital Markets Integration Council, succeeds Pierre Célestin Rwabukumba, Chief Executive Officer of the Rwanda Stock Exchange, as ASEA moves... Read More →

The naira was among the more resilient African currencies during the second quarter of 2026, despite a wave of exchange rate pressure caused by rising geopolitical tensions and higher energy prices, the World Bank has said. The World Bank’s October 2026 “Africa Economic Update” found that the naira’s maximum depreciation... Read More →

The equities market on the Nigerian Exchange extended its losing streak to a fifth consecutive session as sustained risk-off sentiment dragged trading performance lower. The All-Share Index declined by 394.36 points, representing a loss of 0.16 per cent, to close at 250,273.50 points on Tuesday. Similarly, the overall market capitalisation... Read More →