Market Updates

FMDQ transactions hit $180.85bn on volume surge Activities in the Nigerian financial markets recorded a massive boost as the total turnover on the FMDQ Securities Exchange hit $180.85bn, driven by an unprecedented surge in transaction volumes across key market segments. The significant growth reflects a major recovery in market liquidity... Read More →

NGX sustains bullish run with N917bn gain Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. The market capitalisation of listed equities rose by N917bn to close at N161.279tn from N160.362tn recorded at... Read More →

SEC fixes June 1 for T+1 settlement cycle transition The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian capital market, with effect from Monday, 1 June 2026. The apex regulatory body stated that the transition is in... Read More →

FGN bond subscriptions drop 45% despite higher yields Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields at the auction. Data released by the Debt Management Office showed that total market subscriptions fell to N516.17bn in May... Read More →

US stocks retreat amid renewed inflation concerns Wall Street stocks retreated early Tuesday as analysts pointed to angst over inflation pressures as the prolonged Middle East war kept oil prices high. Equities had until recently “shrugged off the effects of higher yields”, Interactive Brokers’ Steve Sosnick said of increases in... Read More →

Fiscal, FX reforms push Nigeria’s credit rating higher Nigeria’s fiscal and foreign exchange reforms that improved external reserves, increased FX liquidity, and strengthened confidence in the economy have prompted an upgrade of the country’s sovereign credit rating, among other economic gains, ARINZE NWAFOR writes Nigeria’s ongoing economic and financial sector reforms have... Read More →