Market Updates

Forex stability, $52.5bn reserves signal Nigeria’s economic recovery – Cardoso The Central Bank of Nigeria on Tuesday said the recent stability in the foreign exchange market, rising foreign reserves and moderation in inflation are indications that its ongoing monetary reforms are beginning to yield positive results. The CBN Governor, Olayemi... Read More →

Banks park N83.95tn with CBN as liquidity rises Nigerian banks significantly increased the amount of funds placed with the Central Bank of Nigeria through its Standing Deposit Facility in July, indicating a sharp rise in excess liquidity within the financial system despite the apex bank’s tight monetary policy stance. Latest... Read More →

Foreign reserves near $53bn as CBN reforms gain traction The Central Bank of Nigeria on Tuesday said recent stability in the foreign exchange market, rising foreign reserves and moderating inflation indicate that its ongoing monetary reforms are beginning to yield positive results. The apex bank disclosed that Nigeria’s external reserves... Read More →

Naira ends July weaker, closes at N1,368.22/$ The naira closed July on a weaker note at the official foreign exchange market, extending its week-long depreciation to settle at N1,368.22 per dollar on Friday. Data from the Central Bank of Nigeria showed that the local currency depreciated by N1.50, or 0.1... Read More →

Mobile money transactions surge 81% to N372tn – CBN report Nigerians conducted mobile money transactions worth N372.14tn in 2025, representing an increase of 81.26 per cent from N205.31tn recorded in 2024, as expanding agent networks and wider adoption of digital financial services accelerated the country’s transition to electronic payments. The... Read More →

Banking stocks drive NGX turnover up 32% to N404.7bn Driven by high liquidity and key corporate listings, the Nigerian equity market ended the final week of July 2026 on a mixed note. Profit-taking pushed main benchmark indices lower, even as overall trading volume and value surged well past the previous... Read More →