Market Updates

CBN bets on rules to stabilise FX market For years, Nigeria’s foreign exchange market has been shaped as much by uncertainty as by supply and demand. Importers complained about delays and documentation bottlenecks. Exporters often questioned whether existing procedures encouraged them to repatriate earnings through official channels. Investors worried about... Read More →

NGX index slips 0.35% amid broad market decline The Nigerian equities market closed on a bearish note on Tuesday as widespread profit-taking and sell-offs in medium and large-capitalised stocks dragged down the overall performance of the bourse. Consequently, the All-Share Index dipped by 874.00 points, representing a loss of 0.35... Read More →

CBN faces N10.90 trillion liquidity surge in June on N7.77 trillion OMO maturities The Central Bank of Nigeria (CBN) is set to confront renewed liquidity management pressures in June 2026 as Nigeria’s financial system is projected to receive N10.90 trillion in inflows, largely driven by maturing Open Market Operations (OMO)... Read More →

NGX turnover slips to 2.39bn shares in short week The Nigerian capital market ended the week on a resilient note despite a sharp 38 per cent decline in turnover caused by the two-day Eid al-Adha public holidays. Although trading activity across major asset classes was significantly weakened by the break,... Read More →

Nigeria capital market begins shorter settlement cycle The Nigerian capital market on Monday achieved a historic milestone with the successful transition to a T+1 settlement cycle, becoming the first market in Africa to implement the shortened settlement framework designed to enhance efficiency, reduce risk, and improve global competitiveness. Speaking at... Read More →

Shareholders of VFD Group Approve N0.25 Dividend Per Share The shareholders of VFD Group Plc at its 10th Annual General Meeting (AGM) in Lagos approved the management’s N0.25 dividend per  share for the financial year ended December 31, 2025. The meeting with a theme: “Level Up: Positioned for What’s Next,” brought together... Read More →