Market Updates

OMO yield premium attracts N4.93tn investor demand Investors placed N4.93tn worth of bids for the Central Bank of Nigeria’s Open Market Operations bills on Thursday, underscoring the strong demand for high-yield short-term instruments amid elevated interest rates. The amount subscribed was more than eight times the N600bn the apex bank... Read More →

Investors show strong appetite for BOI’s N250bn bond Investors have shown strong appetite for long-term domestic assets as the Bank of Industry Limited successfully closed its maiden N250bn Series 1 Fixed Rate Bond, with the offer oversubscribed. The bond was issued through BOI Financing SPV Plc under the bank’s $1bn... Read More →

Banks, fintechs report 42,082 suspicious transactions to NFIU Banks, fintech operators and other reporting entities submitted 42,082 Suspicious Transaction Reports to the Nigerian Financial Intelligence Unit in 2025, as financial institutions stepped up compliance with anti-money laundering regulations amid tighter regulatory oversight. The disclosures were contained in the NFIU’s 2025... Read More →

Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used. The bond, issued on July 28, 2022, has a seven-year... Read More →

Stock Market Sustains Downward Trend, Drops by  N3.54tn in Three Days The stock market section of the Nigerian Exchange Limited (NGX) has continued its downward trend, dropping by N3.54 trillion in its third consecutive day trading activities.   The market that opened for trading early this week on a positive note... Read More →

SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System. The Commission made this clarification in a... Read More →