Market Updates

Inflows, FX reforms lift external reserves 58% under Cardoso Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria  in September 2023, driven by stronger export earnings, increased  portfolio  investments,  FX market  reforms,  lower fuel  import  bills and ... Read More →

Businesses, economists back CBN’s 26.5% interest rate decision The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, the benchmark interest rate, at 26.5 per cent for the second consecutive meeting, citing renewed geopolitical tensions in the Middle East and persistent inflationary risks... Read More →

Unilever declares N11bn dividend on N119bn H1 revenue Unilever Nigeria Plc has announced a 22 per cent growth in revenue for the first half of 2026, reaching N119.9bn. In a financial statement released to the Nigerian Exchange on Tuesday, the consumer goods giant also declared an interim dividend of N2.00... Read More →

NGX gains N307bn as market capitalisation rises to N159tn The Nigerian Exchange sustained its upward momentum on Tuesday as investors added N307bn to market capitalisation, driven by renewed buying interest in medium-cap stocks that easily outweighed profit-taking in selected equities. Total market capitalisation rose from N158.812t at the opening of... Read More →

Zenith Bank’s liquidity ratio climbs 70.97% Zenith Bank Plc has significantly boosted its liquidity position over the past decade, with its liquidity ratio climbing 70.97 per cent from 47.70 per cent, reflecting a stronger capacity to meet short-term obligations and absorb funding pressures. According to Zenith Bank’s financial statements seen... Read More →

Industrial sector drags NGX down 0.14% The Nigerian Exchange Limited experienced a wave of mixed sentiments during the trading week ended 17 July 2026. A sharp decline in the industrial sector effectively offset strong gains in banking equities, reflecting a broader tug-of-war between institutional portfolio rebalancing and macroeconomic headwinds. The... Read More →