Market Updates

Dangote refinery gets $1bn backing ahead of IPO The Dangote Petroleum Refinery and Petrochemicals has secured a $1bn underwriting programme ahead of its planned Initial Public Offering. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed and funded $600m private placement and... Read More →

Weak sentiment wipes N544bn off equity market value Trading on the Nigerian Exchange Limited ended on Tuesday with a bearish performance as key market indicators extended their downward trend. Equity market capitalisation contracted to N155.97tn from N156.52tn recorded in the previous trading session on Monday. The All-Share Index dropped by... Read More →

SEC clears Blockchain, others for crypto regulation Nigeria’s Securities and Exchange Commission has cleared three virtual asset service providers, including Blockchain, for admission into its Accelerated Regulatory Incubation Programme as the regulator moves to strengthen oversight of the country’s growing digital asset market. The other firms admitted into the programme... Read More →

Naira depreciated 0.55% despite CBN’s $430m intervention – Meristem The foreign exchange market remained one of the major pressure points for the economy during July, as stronger demand from importers, manufacturers and foreign investors outpaced available dollar supply. According to the July 2026 Macro and Market Insight by Meristem Research,... Read More →

Falling inflation boosts appetite for money market assets Nigeria’s 15.43 per cent inflation rate may be strengthening the case for money-market instruments offering returns above the inflation threshold, as investors increasingly focus on preserving the real value of their naira holdings. Nigeria’s headline inflation rate fell to 15.43 per cent... Read More →

NGX sheds N106bn as bearish sentiment persists The Nigerian Exchange Limited experienced an aggregate market value decline on Monday as trading closed on a bearish note. The All-Share Index  decreased 0.07 per cent to close at 242,454.65 points, dropping from 242,619.20 points recorded on Friday. Correspondingly, market capitalisation for equities... Read More →