Market Updates

Dollar demand falls 35% as naira holds firm Demand for foreign exchange by end-users in Nigeria fell by 35.23 per cent to $3.42bn in April 2026, easing pressure on the dollar market as the naira recorded modest gains. Data from the Central Bank of Nigeria showed that foreign exchange utilisation... Read More →

NGX, Stanbic IBTC seek more securities lending to deepen market liquidity The Nigerian Exchange Limited and Stanbic IBTC Stockbrokers Limited have called for greater participation in market making and securities lending to deepen liquidity, improve price discovery and strengthen the efficiency of Nigeria’s equities market. The call was made on... Read More →

IMTO inflows jump 45% to $1.29bn in Q1 Nigeria recorded a sharp increase in foreign exchange inflows through International Money Transfer Operators in the first quarter of 2026, with the value rising 45 per cent year-on-year to a record $1.29bn. Data from the Central Bank of Nigeria’s Q1 2026 Statistical... Read More →

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 →