Market Updates

Investors show strong appetite for BOI’s N250bn bond Investors have shown strong appetite for long-term domestic assets as the Bank of Industry Limited successfully closed its maiden N250bn Series 1 Fixed Rate Bond, with the offer oversubscribed. The bond was issued through BOI Financing SPV Plc under the bank’s $1bn... Read More →

Banks, fintechs report 42,082 suspicious transactions to NFIU Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports to the Nigerian Financial Intelligence Unit in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight. The disclosures were contained in the NFIU’s 2025... Read More →

Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used. The bond, issued on July 28, 2022, has a seven-year... Read More →

Stock Market Sustains Downward Trend, Drops by  N3.54tn in Three Days The stock market section of the Nigerian Exchange Limited (NGX) has continued its downward trend, dropping by N3.54 trillion in its third consecutive day trading activities.   The market that opened for trading early this week on a positive note... Read More →

SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System. The Commission made this clarification in a... Read More →

NGX sheds N613bn as bearish momentum persists The Nigerian Exchange Limited closed trading on Thursday on a slightly bearish note, extending a multi-day pullback. The All-Share Index declined by 949.71 points, or 0.39 per cent, to close at 243,017.38 points, down from the 243,967.09 points recorded on Wednesday. In tandem... Read More →