Market Updates

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 →

NGX Group posts record H1, declares N1.30 interim dividend Nigerian Exchange Group Plc has announced an interim dividend of N1.30 per ordinary share for the six months ended 30 June 2026, following a record first-half financial performance driven by strong market activity, operating leverage, and an increased contribution from investee... Read More →

CBN directive drives investment in data centres The Central Bank of Nigeria’s directive requiring payment transaction data generated within the country to be stored locally is expected to create new opportunities for domestic technology firms and accelerate investment in digital infrastructure, according to the co-founder of GFA Technologies Group, Adebola... Read More →

Stock market opens week with N77bn decline The Nigerian equities market commenced the new trading week on a subdued note as investors lost N77bn. The All-Share Index lost 118.66 points, representing a decline of 0.05 per cent, to close at 247,238.74 points. Also, market capitalisation shed N77bn to close at... Read More →

Banks urged to deepen financial inclusion, MSME financing The Chartered Institute of Bankers of Nigeria and the Association of Corporate Communication and Marketing Professionals in Banks have called on banks to deepen financial inclusion, promote women’s empowerment and support the growth of micro, small and medium enterprises through targeted policies... Read More →