Market Updates

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 →

GTCO, Zenith top FUGAZ in capital adequacy ratio Guaranty Trust Holding Company Plc and Zenith Bank are leading Nigeria’s biggest banks in capital adequacy ratio in the first quarter of 2026. The CAR compares a bank’s available capital to its risk-weighted assets to ensure the institution can absorb a reasonable... Read More →

FX turnover hits $4.4bn as large deals spur speculation Nigeria’s foreign exchange market recorded its strongest weekly performance of 2026 as turnover in the spot and derivatives segments reached the $4.4bn mark for the first time. Transactions climbed 83.4 per cent to $4.375bn in the week ended 24 July, from... Read More →