Market Updates

Banks, fintechs to explore stablecoin opportunities at summit Nigeria’s banking, fintech and digital asset sectors are moving to define the next phase of stablecoin adoption as industry players prepare to converge in Lagos for discussions on how digital currencies can support payments, trade and financial inclusion. The Nigeria Stablecoin Summit... Read More →

Nigeria’s net foreign liabilities climb to $90.2bn Nigeria’s net foreign liability position rose by $7.5bn to $90.2bn in 2025, as foreign investors’ claims on Nigerian assets increased faster than the country’s investments abroad, according to data from the Central Bank of Nigeria. The rise in foreign liability position is an... Read More →

GTCO, Zenith top FUGAZ in capital adequacy ratio Guaranty Trust Holding Company Plc and Zenith Bank are leading Nigeria’s biggest banks in capital adequacy ratio in the first quarter of 2026. The CAR compares a bank’s available capital to its risk-weighted assets to ensure the institution can absorb a reasonable... Read More →

FX turnover hits $4.4bn as large deals spur speculation Nigeria’s foreign exchange market recorded its strongest weekly performance of 2026 as turnover in the spot and derivatives segments reached the $4.4bn mark for the first time. Transactions climbed 83.4 per cent to $4.375bn in the week ended 24 July, from... Read More →

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 →