Market Updates

GTCO secures NGX extension for H1 2026 results Guaranty Trust Holding Company Plc has secured an extension from the Nigerian Exchange Limited to delay the publication of its half-year audited financial statements for the period ended 30 June 2026. Although the financial results were approved by the group’s Board of... Read More →

NGX extends decline on energy, insurance sell-off The Nigerian equities market extended its downward trajectory on Wednesday as profit-taking in high-priced energy and insurance equities dragged key market indicators lower. Negative sentiment dominated trading sessions across major sectors on the Nigerian Exchange Limited, driving the benchmark All-Share Index below the... Read More →

Mr Eazi eyes NGX listing, inspired by Dangote, Otedola Musician-turned-entrepreneur Oluwatosin Ajibade, popularly known as Mr Eazi, has joined the growing wave of market optimism, disclosing in an exclusive interview with Nairametrics on Wednesday that he plans to tap into Nigeria’s domestic capital market, inspired by Alhaji Aliko Dangote and... Read More →

Dollar demand falls 35% as naira holds firm Demand for foreign exchange by end-users in Nigeria fell by 35.23 per cent to $3.42bn in April 2026, easing pressure on the dollar market as the naira recorded modest gains. Data from the Central Bank of Nigeria showed that foreign exchange utilisation... Read More →

NGX, Stanbic IBTC seek more securities lending to deepen market liquidity The Nigerian Exchange Limited and Stanbic IBTC Stockbrokers Limited have called for greater participation in market making and securities lending to deepen liquidity, improve price discovery and strengthen the efficiency of Nigeria’s equities market. The call was made on... Read More →

IMTO inflows jump 45% to $1.29bn in Q1 Nigeria recorded a sharp increase in foreign exchange inflows through International Money Transfer Operators in the first quarter of 2026, with the value rising 45 per cent year-on-year to a record $1.29bn. Data from the Central Bank of Nigeria’s Q1 2026 Statistical... Read More →