Market Updates

Currency Outside Banks Down 3.66%, Currency in Circulation Unchanged at N5.73trn Nigeria’s cash holdings outside the banking system eased in February 2026, reflecting a moderation in cash demand after the year-end spending surge as currency outside banks declined by 3.66 per cent to N5.21 trillion, while total currency in circulation... Read More →

Remittance outflows drop 36% as reforms stabilise economy Remittance outflows declined by N689.55m in 2025, reflecting a 36.09 per cent drop compared to 2024, according to data obtained from the Central Bank of Nigeria on Tuesday. Remittance outflows are money sent from a country to recipients in other countries. In... Read More →

Zenith Bank records N1.26tn profit, proposes N10 dividend Zenith Bank Plc has announced its audited financial results for the year ended 31 December 2025, reporting a profit before tax of N1.26tn. This performance follows a high base of N1.33tn recorded in the 2024 financial year. Despite the slight moderation in... Read More →

T-Bill yields drop amid N6tn liquidity surge The Nigerian Treasury Bills secondary market maintained a strong bullish trajectory last week as an unprecedented surge in system liquidity pressured yields downward, according to the latest fixed-income analysis from Afrinvest Securities on Tuesday. The financial system opened the second quarter with an... Read More →

Naira settlement policy reshapes Nigeria’s remittance landscape The Central Bank of Nigeria’s new naira settlement rule for diaspora remittances marks a notable shift in policy, with implications for recipients, foreign exchange flows, and market operations, JUSTICE OKAMGBA writes the Central Bank of Nigeria recently unveiled a sweeping policy that is... Read More →

DMO raises borrowing cost of FGN Bonds, crashes allotment to N485.50 billion The Debt Management Office (DMO) has increased borrowing costs at its latest Federal Government (FGN) bond auction conducted on Monday, March 30 while significantly cutting allotments to N485.50 billion. This is according to the auction results of reissued FGN Bonds seen... Read More →