Market Updates

NGX loses N648bn as renewed profit-taking hits equities The Nigerian stock market reversed Tuesday’s gains on Wednesday as renewed profit-taking across major counters triggered a broad-based sell-off, wiping out approximately N648bn from investors’ wealth. Widespread profit-taking outweighed targeted buying interest in selected counters, leaving market breadth firmly in the red... Read More →

Non-oil exports drive autonomous FX inflows to $71bn Higher earnings from non-oil exports helped push foreign exchange inflows from autonomous sources to $70.54bn in 2025, reinforcing the growing role of non-oil sectors in Nigeria’s external earnings, according to the Central Bank of Nigeria. The CBN’s 2025 Annual Report and Accounts... Read More →

Nigeria must deepen reforms to unlock opportunities – Okonjo- Iweala Nigeria must sustain its macroeconomic reforms and ensure they translate into jobs and improved living standards if it is to benefit from shifts in global trade, according to the Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala. Speaking at the... Read More →

Nigeria’s consumer credit drops 20% to N3.8tn Nigeria’s consumer credit declined for the first time in six years, falling by 19.89 per cent to N3.78tn in 2025 from N4.72tn a year earlier, as elevated interest rates dampened household borrowing, according to the Central Bank of Nigeria. The decline, disclosed in... Read More →

Bank recapitalisation must deliver cheaper, safer financial services – EFInA Nigeria’s banking sector recapitalisation will only achieve its purpose if the stronger capital base translates into visible improvements in the daily experiences of consumers, according to the Chief Executive Officer of Enhancing Financial Innovation and Access, Foyinsola Akinjayeju. Speaking at... Read More →

Stock market rebounds with N482bn gain The Nigerian equities market rebounded modestly on Tuesday, reversing the previous session’s marginal decline as renewed buying interest lifted the overall market capitalisation by N482bn. The All-Share Index gained 745.81 points, representing an increase of 0.30 per cent, to close at 247,984.55 points. Similarly,... Read More →