Market Updates

Nigeria’s foreign reserves cross $53 billion, hit highest level since 2009 Nigeria’s foreign exchange reserves have risen above $53 billion for the first time in more than 17 years, reaching $53.11 billion as of August 24, 2026. Checks by Nairametrics on the Central Bank of Nigeria’s (CBN) data show that... Read More →

IMF urges deeper fiscal, monetary reforms in Nigeria The International Monetary Fund (IMF) has urged Nigeria and other leading African economies to intensify fiscal, monetary and governance reforms to strengthen economic stability and promote broader-based growth. The recommendation was contained in the IMF’s latest assessment of reform priorities across the... Read More →

NGX sheds N259bn as All-Share Index declines The Nigerian Exchange Limited concluded Wednesday’s trading session on a subdued note, as persistent selling pressure pushed equities benchmark indicators further into negative territory. The  All-Share  Index  dropped  by  402.25  points  to  settle  at  238,682.92  points,  down  from 239,085.17 points recorded during the... Read More →

CBN’s priority is macro stability, not portfolio investment — Analysts Nigeria’s monetary policy should not be viewed as a choice between attracting foreign portfolio investments and supporting local businesses, as the Central Bank of Nigeria’s primary responsibility is to maintain macroeconomic stability, according to Director of Deals Advisory at PwC,... Read More →

Mutual Benefits approves N802m dividend payout Shareholders of Mutual Benefits Assurance Plc have approved a total dividend payout of N802.46m for the financial year ended 31 December 2025, following the company’s 30th Annual General Meeting. The approved payout of four kobo per ordinary share of 50 kobo represents a 100... Read More →

FX turnover surges 146% to $5.05bn in one week Total turnover in the Nigerian foreign exchange market rose sharply by 146.12 per cent to $5.05bn for the week ended 21 August 2026. Data  from  FMDQ  Securities  Exchange  on  Friday  showed  that  the  total  turnover  gained $3,002.63m from $2,054.89m recorded in... Read More →