Market Updates

Tinubu support boosts BOI N250bn bond oversubscription The Bank of Industry on Tuesday credited President Bola Tinubu’s leadership and executive support for the oversubscription of its N250bn Series 1 Fixed Rate Bond within five working days. It described the strong investor response as a vote of confidence in both the... Read More →

Naira gains as reserves surpass $52.5bn – CBN As the naira continues to strengthen, with the spread between official and Bureau de Change rates now narrowing to below two per cent, Nigeria’s foreign reserves remained above $52.5bn as of July 17, 2026, marking a 17-year high and surpassing the Central... Read More →

FX, OMO push FMDQ seven-month turnover to N426.5tn Trading activity on the FMDQ Exchange reached N426.51tn between January and July 2026, as strong foreign exchange transactions and demand for Open Market Operations bills drove activity across Nigeria’s financial markets. The figure is contained in the FMDQ Newsletter Edition 141 for... Read More →

Investors place N1.73tn bids as DMO allots FGN bonds Investors submitted bids worth N1.73tn for Federal Government of Nigeria bonds at the Debt Management Office’s 17 August 2026 auction, with the DMO ultimately allotting N1.56tn across three securities. The amount allotted exceeded the N1.10tn initially offered, largely due to strong... Read More →

Dangote refinery gets $1bn backing ahead of IPO The Dangote Petroleum Refinery and Petrochemicals has secured a $1bn underwriting programme ahead of its planned Initial Public Offering. The programme, structured by Marob Strategies and Consulting DIFC Ltd and Lilium Capital Group, comprises a completed and funded $600m private placement and... Read More →

Weak sentiment wipes N544bn off equity market value Trading on the Nigerian Exchange Limited ended on Tuesday with a bearish performance as key market indicators extended their downward trend. Equity market capitalisation contracted to N155.97tn from N156.52tn recorded in the previous trading session on Monday. The All-Share Index dropped by... Read More →