Market Updates

Cash outside banks drops by N486bn to seven-month low Cash held outside Nigeria’s banking system has declined to its lowest level in seven months in June 2026, reflecting a gradual return of physical currency to deposit money banks amid the Central Bank of Nigeria’s efforts to deepen digital payments. The... Read More →

Linkage Assurance concludes N16.2bn rights issue, boosts capital Linkage Assurance Plc has announced the successful completion of its N16.2bn rights issue, raising fresh capital through the issuance of 12.32bn ordinary shares at N1.32 per share, in a move aimed at strengthening its financial position and meeting new regulatory capital requirements.... Read More →

Banks’ maximum lending rate drops to 33.16% Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per  cent  in  May,  reflecting  a  modest  decline  in  borrowing  costs  as  the  Central  Bank  of Nigeria maintained its benchmark interest rate amid improving macroeconomic conditions. Data... Read More →

Global tensions shape CBN’s monetary policy The Central Bank of Nigeria’s monetary policy is increasingly being shaped by global geopolitical  tensions,  as  the Middle East  crisis  complicates  inflation management,  delays interest rate cuts and heightens risks to exchange rate stability and economic growth, SAMI TUNJI reports For the CBN, the... Read More →

Govt renews commitment to IMF-backed economic reforms The Federal Government has reaffirmed its commitment to sustaining its partnership with the International Monetary Fund as it pursues ongoing fiscal and macroeconomic reforms aimed at restoring economic stability, strengthening public finances and supporting long-term growth. The commitment was made at a farewell... Read More →

NGX gains N2tn as market cap hits N159tn The Nigerian equities market sustained a strong bullish run for the week ending Friday, 24 July 2026, as heavy institutional buying across core sectors pushed the overall market valuation above the historical N159tn threshold, JIDE AJIA reports The Nigerian equities market closed... Read More →