Market Updates

Banks, fintechs report 82,143 suspicious transactions to NFIU Banks, fintech firms, insurance companies, capital market operators, and other reporting entities flagged 82,143 suspicious transactions to the Nigerian Financial Intelligence Unit in 2024 amid intensified efforts to detect money laundering, terrorism financing, and other illicit financial activities. The figure was contained in... Read More →

NMDPRA enforces 3% host community fund contributions The Nigerian Midstream and Downstream Petroleum Regulatory Authority has intensified efforts to enforce the Host Community Development Trust framework under the Petroleum Industry Act 2021, ordering operators and licensees in the sector to comply with the mandatory three per cent annual contribution to host... Read More →

FMDQ transactions hit $180.85bn on volume surge Activities in the Nigerian financial markets recorded a massive boost as the total turnover on the FMDQ Securities Exchange hit $180.85bn, driven by an unprecedented surge in transaction volumes across key market segments. The significant growth reflects a major recovery in market liquidity... Read More →

NGX sustains bullish run with N917bn gain Nigeria’s equities market sustained its upward momentum on Tuesday as the benchmark indices closed higher, driven by renewed buying interest in select mid- and small-cap stocks. The market capitalisation of listed equities rose by N917bn to close at N161.279tn from N160.362tn recorded at... Read More →

SEC fixes June 1 for T+1 settlement cycle transition The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian capital market, with effect from Monday, 1 June 2026. The apex regulatory body stated that the transition is in... Read More →

FGN bond subscriptions drop 45% despite higher yields Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields at the auction. Data released by the Debt Management Office showed that total market subscriptions fell to N516.17bn in May... Read More →