Market Updates

Recapitalisation to drive H2 2026 lending, tech expansion Nigeria’s banking industry is heading into the second half of 2026 with improved capital positions after completing the Central Bank’s recapitalisation exercise, as lenders are expected to channel the additional funds into expanding credit, enhancing technology and building long-term resilience. JIDE AJIA... Read More →

CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand would push borrowing costs lower. Investors submitted a combined N4.4... Read More →

NGX sheds N1tn on sell-offs in BUA Foods, banking stocks The Nigerian equities market displayed notable volatility during trading on Wednesday, closing on a downward trajectory. The benchmark All-Share Index retreated to 243,967.09 points, down from Tuesday’s reading of 246,723.57. Overall equity market capitalisation mirrored this decline, shedding over N1.76tn... 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 →

In New Policy Tweak, CBN Removes Discount Window Restrictions on FX, Government Securities Transactions • Broadens OMO participation as individuals, corporates, non-bank financial institutions gain access to market through banks •Resumes tenored repo operations of up to 90 days to deepen liquidity management • Declares reforms designed to improve money... Read More →

How Monetary Discipline is Rebuilding Confidence in the Economy of Nigeria Nume Ekeghe writes that for years Nigeria’s monetary story was defined by uncertainty. However, stronger reserves, a more transparent foreign exchange market and renewed investor confidence are changing the narrative and trust becoming the economy’s most valuable asset There... Read More →