Market Updates

CBN pushes stricter oversight after banking sector recapitalisation Following banks’ N4.65tn recapitalisation, the Central Bank of Nigeria is tightening governance standards, risk controls, and board accountability to strengthen stability and economic growth resilience, JUSTICE OKAMGBA writes The Central Bank of Nigeria has signalled a tougher regulatory approach for lenders following... Read More →

NGX RegCo tightens rules for online trading platforms, warns brokers   NGX Regulation Limited (NGX RegCo) has tightened compliance requirements for online trading platforms, warning that Trading Licence Holders (TLHs) deploying digital trading systems without prior regulatory approval could attract sanctions. The directive was contained in a recent circular signed by the Head... Read More →

NGX market capitalisation drops to N153.86tn on selloffs The Nigerian equities market retreated into negative territory on Thursday as a massive wave of sell-offs in large-cap stocks erased N1.922tn from the total market capitalisation. This downturn was primarily driven by investors rotating out of high-value industrial and consumer goods stocks... Read More →

NGX dips 0.86%, sheds N1.3tn in selloff Nigeria’s equities market lost N1.347tn in value as investors exited bellwether stocks, triggering a broad sell-off across key sectors. The decline reflects renewed profit-taking and risk-off sentiment, with heavyweight counters driving the downturn and weighing on overall market capitalisation. Specifically, the All-Share Index... Read More →

Fintech oversubscribes debut CP, raises N6.89bn Sycamore Integrated Solutions Limited has closed its Series 1 Commercial Paper issuance at N6.89bn, exceeding its N3bn target with a subscription rate of 2.3x the offer size. The result places the Nigerian fintech among an elite group of technology-driven firms that have successfully tapped... Read More →

SEC pushes stronger sustainability reporting to attract investors The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has flagged weak sustainability reporting among Nigerian companies, warning that gaps in disclosures could limit access to global capital. Speaking in Abuja on Tuesday at the launch of the Nigerian Corporate... Read More →