Market Updates

‘Domestic investors now control 80% of stock market’ The Group Managing Director of Anchoria, a financial services group, Sam Chidioka, said Nigeria’s capital market is now more stable, with domestic investors accounting for about 80 per cent of market participation, reducing the dominance of foreign portfolio investors. Chidioka revealed this... Read More →

Energy firm secures FMDQ listing for N15bn bond FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00bn 5-year 18.00 per cent Series 1 Fixed Rate Bond on its platform. The listing, executed under the company’s N25.00bn Bond Issuance Programme, followed approval by the Exchange’s Board... Read More →

Naira to weaken as fuel importers increase dollar demand The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside those of Ghana and Uganda, is projected to weaken against... Read More →

Private sector credit climbs to N83.3tn amid lending growth Credit to Nigeria’s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The apex bank’s data... Read More →

Nigeria’s money supply hits N133.25tn despite tight monetary policy Nigeria’s broad money supply climbed to N133.25tn in June 2026, up from N129.21tn in May, despite the Central Bank of Nigeria maintaining a benchmark Monetary Policy Rate at 26.5 per cent. This underscores continued growth in liquidity even amid the country’s... Read More →

Equities shed N800bn as profit-taking halts market rally The recent bullish momentum on the Nigerian Exchange Limited came to a sudden halt on Wednesday as aggressive profit-taking in high-capitalisation stocks wiped N800bn off the total market valuation. The All-Share Index fell by 1,241.19 points, representing a 0.50 per cent decline,... Read More →