Market Updates

The Federal Government significantly increased its borrowing through the domestic bond market in the first nine months of 2026, allotting N7.15tn worth of Federal Government of Nigeria bonds. The amount represents a 106 per cent increase compared with the N3.48tn allotted during the corresponding period of 2025, according to an... Read More →

Activity in Nigeria’s foreign exchange market recorded a sharp contraction during the week ended on Friday, 2 October, 2026, as liquidity tightened following a notable surge in trading volume the preceding week. The drop reflects ongoing adjustments in FX supply dynamics and seasonal demand fluctuations across the Nigerian Autonomous Foreign... Read More →

The Nigerian equities market closed the four-day trading week in negative territory as profit- taking across major sectors dragged main indices lower, while overall trading activity contracted significantly following the public holiday declared on Thursday, 1 October, 2026, in commemoration of Independence Day celebrations. Market sentiment reflected a broader macroeconomic... Read More →

The Central Bank of Nigeria (CBN) returned about N10.89tn to the financial system in September 2026 through the repayment of maturing Open Market Operations (OMO) bills, even as it sold fresh securities worth N17.51tn during the month. The repayments, which represented about 62 per cent of the CBN’s gross OMO... Read More →

Nigerian businesses continued to face significant operating pressures in September, with multiple taxation, insecurity and elevated interest rates emerging as the biggest obstacles to business activity, according to the Central Bank of Nigeria. The findings were contained in the apex bank’s latest Business Expectations Survey, which showed that although firms... Read More →

For more than two years, Nigerian businesses faced a difficult combination of high operating costs and expensive credit. Manufacturers borrowed at rates that squeezed already thin margins, smaller businesses struggled to finance working capital, while investors earned unusually high returns from government securities. The Central Bank of Nigeria’s latest monetary... Read More →