Market Updates

NGX Group posts record H1, declares N1.30 interim dividend Nigerian Exchange Group Plc has announced an interim dividend of N1.30 per ordinary share for the six months ended 30 June 2026, following a record first-half financial performance driven by strong market activity, operating leverage, and an increased contribution from investee... Read More →

CBN directive drives investment in data centres The Central Bank of Nigeria’s directive requiring payment transaction data generated within the country to be stored locally is expected to create new opportunities for domestic technology firms and accelerate investment in digital infrastructure, according to the co-founder of GFA Technologies Group, Adebola... Read More →

Stock market opens week with N77bn decline The Nigerian equities market commenced the new trading week on a subdued note as investors lost N77bn. The All-Share Index lost 118.66 points, representing a decline of 0.05 per cent, to close at 247,238.74 points. Also, market capitalisation shed N77bn to close at... Read More →

Banks urged to deepen financial inclusion, MSME financing The Chartered Institute of Bankers of Nigeria and the Association of Corporate Communication and Marketing Professionals in Banks have called on banks to deepen financial inclusion, promote women’s empowerment and support the growth of micro, small and medium enterprises through targeted policies... Read More →

Cash outside banks drops by N486bn to seven-month low Cash held outside Nigeria’s banking system has declined to its lowest level in seven months in June 2026, reflecting a gradual return of physical currency to deposit money banks amid the Central Bank of Nigeria’s efforts to deepen digital payments. The... Read More →

Linkage Assurance concludes N16.2bn rights issue, boosts capital Linkage Assurance Plc has announced the successful completion of its N16.2bn rights issue, raising fresh capital through the issuance of 12.32bn ordinary shares at N1.32 per share, in a move aimed at strengthening its financial position and meeting new regulatory capital requirements.... Read More →