Market Updates

The foreign exchange spot and derivatives markets experienced a notable downturn during the week on Friday, with total turnover falling to $2,620.70m. This contraction follows a preceding week of high market activity where trading volumes had surged significantly under ongoing structural reforms by the Central Bank of Nigeria aimed at... Read More →

The Lagos Commodities and Futures Exchange is targeting transparent petroleum pricing, stronger competition, and improved investment decisions by positioning organised commodities trading as a strategic instrument in Nigeria’s evolving downstream petroleum market. Following its recent licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority to facilitate the trading and... Read More →

Veritas Kapital Assurance Plc reported a profit after tax of N3.046 billion for 2025, up from N1.634 billion in 2024, and a pre-tax profit of N3.156 billion against a loss of N1.485 billion a year earlier. The Chairman of the Board, Mr. Babatunde Irukera, disclosed this at the company’s 49th... Read More →

Aradel Holdings has more than doubled investors’ money this year, but anyone who bought at its April peak has experienced a different story. The stock closed October 16 at N1,499.90, up 123.87% from N670 at the end of 2025. An investment of N100,000 at that starting price would now be... Read More →

Berger Paints Nigeria Plc has rewarded investors with a 207.5% share-price gain in 2026, turning a N100,000 investment at the beginning of the year into approximately N307,500, excluding dividends and trading costs. The stock closed at N147.60 on October 16, up from N48 at the beginning of the year. Its... Read More →

Nigeria’s foreign exchange utilisation surged to $18.34bn in the second quarter of 2026, its highest level in nearly 15 years, as financial services transactions accounted for more than half of total demand, according to the Financial Markets Dealers Association. The sector absorbed $9.64bn during the quarter, representing 52.58 per cent... Read More →