Market Updates

Nigeria’s reserves hit $52bn, inflation drops to 15.9% The Central Bank of Nigeria has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according to the CBN data obtained on Thursday,... Read More →

CBN unveils centralised system to track BDC transactions The Central Bank of Nigeria has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A circular signed by the Director... Read More →

Nigeria’s foreign reserves hit $51.86 billion, highest since 2009 Nigeria’s external reserves have climbed to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year. Data from the CBN tracked by Nairametrics shows that the country’s gross... Read More →

CBN allots N1.19 trillion as investors bid N2.87 trillion for 364-day T-bill Investors in Nigeria’s Treasury Bills market poured a whopping N2.87 trillion into the 364-day instrument alone at the July 15 primary market auction, more than seven times higher than N400 billion on offer. While the 91-day and 182-day... Read More →

‘CBN may hike rates as election spending pressures rise’ The Central Bank of Nigeria is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was  issued on Wednesday by... Read More →

NGX gains N390bn as banking stocks lift market The Nigerian equities market maintained its upward momentum on Wednesday as renewed demand for banking stocks offset profit-taking in select counters, keeping the Nigerian Exchange near historic highs despite a slowdown in trading activity. The benchmark NGX All-Share Index ended the session... Read More →