Market Updates

SEC, operators complete preparations for faster trade settlement Capital market operators have intensified extensive software and technological modifications across internal workflows, securing operational readiness ahead of the Nigerian capital market’s historic migration to a T+1 settlement cycle on Monday, June 1, 2026. The structural shift, approved by the Securities and... Read More →

FGN Bond Dominates Corporates in N6.95trn New Listings on NGX  The Federal Government Securities (Bond and Sukuk) surpassed corporates in N6.95 trillion new listings on the Nigerian Exchange Limited (NGX) in the first five months of 2026 as the bourse sustained its critical role in capital formulation and supporting business... Read More →

Stock Market Down N366bn Week-on-Week Amid Profit-taking Activities  The market capitalisation of the Nigerian Exchange Limited (NGX)  depreciated by N366 billion in its week-on-week (WoW) performance  amid investor profit-taking in BUA Cement Plc (3.5 per cent decline).    As the NGX (ASI last week declined by 0.25 per cent WoW to close at 249,712.37... Read More →

Legend Internet repays N10bn Commercial Paper Legend Internet Plc has announced the full and timely repayment of its Series 1 Commercial Paper under its N10bn multi-layered issuance programme, marking a key milestone in the company’s engagement with Nigeria’s debt capital market. The repayment, completed on schedule and in full, underscores... Read More →

Banks, fintechs report 82,143 suspicious transactions to NFIU Banks, fintech firms, insurance companies, capital market operators, and other reporting entities flagged 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to detect money laundering, terrorism financing, and other illicit financial activities. The figure was contained in... Read More →

NMDPRA enforces 3% host community fund contributions The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host... Read More →