Market Updates

Bank recapitalisation must deliver cheaper, safer financial services – EFInA Nigeria’s banking sector recapitalisation will only achieve its purpose if the stronger capital base translates into visible improvements in the daily experiences of consumers, according to the Chief Executive Officer of Enhancing Financial Innovation and Access, Foyinsola Akinjayeju. Speaking at... Read More →

Stock market rebounds with N482bn gain The Nigerian equities market rebounded modestly on Tuesday, reversing the previous session’s marginal decline as renewed buying interest lifted the overall market capitalisation by N482bn. The All-Share Index gained 745.81 points, representing an increase of 0.30 per cent, to close at 247,984.55 points. Similarly,... Read More →

Reps applaud SEC’s fiscal reforms, revenue growth The House of Representatives has commended the Securities and Exchange Commission for enhancing its fiscal sustainability through cost-cutting measures and improved revenue generation. Deputy Chairman of the House of Representatives Committee on Finance, Saeed Abdullahi, gave the commendation on Tuesday during the 2026... Read More →

AVA Capital set for NGX Main Board listing AVA Capital Plc, an integrated financial services group, will be admitted to the main board of the Nigerian Exchange Limited on 31 July 2026, by way of listing by introduction. The company, in a statement on Tuesday, said that the move represents... Read More →

Banks, fintechs to explore stablecoin opportunities at summit Nigeria’s banking, fintech and digital asset sectors are moving to define the next phase of stablecoin adoption as industry players prepare to converge in Lagos for discussions on how digital currencies can support payments, trade and financial inclusion. The Nigeria Stablecoin Summit... Read More →

Nigeria’s net foreign liabilities climb to $90.2bn Nigeria’s net foreign liability position rose by $7.5bn to $90.2bn in 2025, as foreign investors’ claims on Nigerian assets increased faster than the country’s investments abroad, according to data from the Central Bank of Nigeria. The rise in foreign liability position is an... Read More →