Market Updates

CBN approves $150,000 weekly FX sales to BDCs The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly, according to a circular issued by the apex bank on Tuesday. The... Read More →

FMDQ Exchange Admits UAC’s N54.03bn 7-Year Fixed Rate Bond FMDQ Securities Exchange Limited revealed that it has approved the listing of UAC of Nigeria Plc’s N54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its N150.00 billion Issuance Programme.  The approval, granted by the Exchange’s Board Listings and Markets... Read More →

LEGEND Makes History with NGX Market Debut Excellence Win Legend Internet Plc has won the Market Debut Excellence Award at the 2025 NGX Made of Africa Awards, hosted by the Nigerian Exchange (NGX) Group. A Statement for the company noted that the award is not only a significant corporate achievement, but... Read More →

Stock Market Gains N4.08trn in First Trading Week of February The Nigerian stock market closed the first trading week in February 2026 on a positive note, gaining N4.08 trillion to extend its winning streak. The growth was sustained as investor sentiment strengthened amid some impressive corporate earnings by some listed firms.    From... Read More →

Oil sector boosts NGX to N110.23tn market cap The Nigerian Exchange Limited reached a historic high as a surge in the Oil & Gas sector drove the All-Share Index to an unprecedented 171,727.49 points. The total market capitalisation rose to N110.23tn over the past week, representing a robust 3.8 per... Read More →

World Bank cuts CBN grant to $6.8m The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to $6.80m, with board consideration for the project now scheduled for March 27, according to updated project information reviewed by The PUNCH. The funding,... Read More →