Market Updates

Stockbrokers hail Nigeria’s return to S&P Frontier Watchlist The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the decision of S&P Dow Jones Indices to place Nigeria on its 2027 Watchlist for potential reclassification from a Standalone Market to a Frontier Market. This... Read More →

Stock market rebounds as capitalisation jumps N719bn The Nigerian equities market rebounded on Tuesday to close higher, snapping its two-day losing streak as the overall market capitalisation advanced by N719bn. The All-Share Index gained 1,121.33 points, representing a 0.46 per cent growth, to close at 242,870.44 points. Accordingly, market capitalisation... Read More →

FG targets N1.2tn in latest bond offer The Federal Government of Nigeria is returning to the domestic capital market to raise N1.2tn through the reopening of three Federal Government of Nigeria bond instruments. The announcement, detailed in a Debt Management Office Offer Circular, maps out the government’s plan to auction... Read More →

Dollar weakens as rate fears ease, oil stable The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month. Oil prices had jumped sharply on fresh Iran-US strikes, with two ships struck overnight near the Strait of Hormuz. But those gains... Read More →

CBN plans N750bn T-Bills auction to tighten liquidity The Central Bank of Nigeria is gearing up to raise N750bn from the Nigerian Treasury Bills primary market auction on Wednesday, as the apex bank intensifies its aggressive liquidity mop- up. Market analysts widely predict that investor demand will remain highly robust,... Read More →

At 96.80% YtD, NGX Oil & Gas Emerges Best Performing Index For closing at 96.80 per cent Year-till-Date (YtD) growth as of July 10, the Nigerian Exchange Limited (NGX)  Oil & Gas has outshined other indices to emerge as the best index on the bourse. The NGX Oil & Gas... Read More →