Market Updates

CBN’s OMO reopening puts weak equities under pressure The Central Bank of Nigeria’s decision to reopen Open Market Operations securities to retail and corporate investors could intensify competition for funds between the fixed-income market and Nigerian equities. The policy, announced in a circular dated 12 August 2026, allows individuals, companies... Read More →

Otedola boosts First Holdco stake with N20.7bn share purchase Femi Otedola has expanded his investment in First HoldCo Plc after acquiring another 147.74m shares in the financial services group for N20.7bn. The transaction, executed on 14 August at N140 per share, was conducted through Calvados Global Services Limited, an investment... Read More →

NGX weekly trading volume surges 127% to N176bn Trading activity on the nation’s bourse recorded a sharp increase in the week ended 14 August 2026, as investors exchanged 12.153bn shares valued at N176.058bn across 224,146 deals. The performance represents a 126.8 per cent increase in traded volume compared with the... Read More →

FX turnover declines 44.9% to $2bn Total turnover in the foreign exchange market reported by FMDQ Securities Exchange experienced a sharp decline for the week ended Friday, 14 August 2026, falling 44.90 per cent to $2,054.89m compared to $3,729.44m recorded in the week ended 7 August 2026. This  contraction  represents... Read More →

CBN boosts FX interventions to $953m as demand rebounds The Central Bank of Nigeria sharply increased its foreign exchange interventions in March 2026, supplying $953.41m to the market, indicating a renewed effort to support liquidity after weak sales in the opening months of the year. Figures from the CBN’s latest... Read More →

OMO yield premium attracts N4.93tn investor demand Investors placed N4.93tn worth of bids for the Central Bank of Nigeria’s Open Market Operations bills on Thursday, underscoring the strong demand for high-yield short-term instruments amid elevated interest rates. The amount subscribed was more than eight times the N600bn the apex bank... Read More →