Market Updates

Nigeria’s foreign reserves gain $7bn in eight months Nigeria’s external reserves have added $7.09 billion since the start of 2026, rising to $52.66 billion by 19th August, as the country’s foreign exchange position continues to strengthen. Figures from the Central Bank of Nigeria showed that the reserve balance has expanded... Read More →

NGX sheds N137bn as banking, insurance stocks slide The Nigerian equities market extended its bearish trend on Monday as investor sell-offs pushed key indicators further into negative territory. The All-Share Index dropped by 265.99 points to close at 239,085.17, representing a decline from Friday’s benchmark of 239,351.16. Correspondingly, overall equity... Read More →

Seplat leads as energy firms post N2.57tn revenue Nigeria’s listed energy companies recorded about N2.57tn in combined revenue in the first half of 2026, but their performances varied, with Seplat Energy posting strong growth while power generators Geregu Power and Transcorp Power recorded weaker revenue. The financial results of Seplat... Read More →

Stronger dollar supply lifts naira as reserves rise The naira recorded another weekly gain against the US dollar, benefiting from improved foreign exchange supply and stronger liquidity in the market. The currency closed at N1,346.49 per dollar in the official market, gaining N11.11 over five trading days, data from the... Read More →

CBN urged to expand oversight of fintech, cloud risks The Central Bank of Nigeria has been urged to expand its oversight of financial institutions to cover risks from cloud providers, telecom networks, fintechs and other technology partners. Director-General of the National Information Technology Development Agency, Kashifu Inuwa, said traditional regulatory... Read More →

SEC Proposes N30m Registration Fee, N2bn Capital Requirement for Crypto Firms The Securities and Exchange Commission (SEC) has proposed a new regulatory framework for Nigeria’s digital asset industry, prescribing registration fees of N30 million and minimum capital requirements of up to N2 billion for operators in the rapidly expanding market.... Read More →