Market Updates

FX market turnover surges 83% to $4.38bn on FMDQ Total turnover in the official foreign exchange market surged 83.38 per cent to $4.38bn in the week ended July 24, 2026, amid heightened demand for foreign currency and increased regulatory clarity following the Central Bank of Nigeria’s ongoing liquidity-boosting reforms. The... Read More →

10 leading brokers drive over 70% of NGX equities The top 10 stockbroking firms on the Nigerian Exchange Limited have accounted for 70.50 per cent of the total transaction value executed across all asset classes. NGX revealed this on Friday in its weekly market performance report for the trading period... Read More →

Cardoso, Okonjo-Iweala to lead Africa Emerging Markets Forum Central Bank of Nigeria Governor, Olayemi Cardoso, and Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, will headline the seventh Africa Emerging Markets Forum scheduled to be held at the CBN headquarters in Abuja on 29 and 30 July 2026. The event,... Read More →

First HoldCo climbs 10% after Otedola share purchase Shares of First HoldCo Plc surged by 9.91 per cent on Thursday, reaching a record high on the Nigerian Exchange as aggressive bargain hunting and robust investor sentiment continued to lift the financial group’s valuation. The stock closed trading at N120.90 per... Read More →

‘Domestic investors now control 80% of stock market’ The Group Managing Director of Anchoria, a financial services group, Sam Chidioka, said Nigeria’s capital market is now more stable, with domestic investors accounting for about 80 per cent of market participation, reducing the dominance of foreign portfolio investors. Chidioka revealed this... Read More →

Energy firm secures FMDQ listing for N15bn bond FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00bn 5-year 18.00 per cent Series 1 Fixed Rate Bond on its platform. The listing, executed under the company’s N25.00bn Bond Issuance Programme, followed approval by the Exchange’s Board... Read More →