Market Updates

FX market trading jumps 22% in June – Report Activity in the Nigerian foreign exchange market experienced a significant surge in the final week of June, with total turnover climbing by more than 22 per cent, driven by a sharp rebound in both spot transactions and hedging derivatives. According to... Read More →

Stocks rise, oil edges up as US, Iran agree to halt attacks Asian stocks mostly rose, and oil prices edged up on Monday as reports said the United States and Iran had agreed to stop attacking each other following a weekend of strikes that threw their fragile truce into question.... Read More →

NGX weekly turnover plunges 47% to N134.49bn Bearish sentiments tightened their grip on the Nigerian Exchange Limited last week as total trading turnover plummeted significantly, reflecting a cautious approach by investors amid macroeconomic pressures. According to the latest weekly market report for the week ended 26 June 2026, the total... Read More →

THE NIGERIA STOCK EXCHANGE CORRECTION The recent correction in the Nigerian Stock Exchange, which wiped trillions of naira from investors’ portfolios within a few trading sessions, has understandably unsettled many market participants. While some perceived the decline as a market crash, it was, in reality, a normal correction following months... Read More →

Interest Rate: Banking Sector Maximum Lending Rate Drops to 34.78% Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector average maximum lending rate depreciated to 34.78 per cent in May 2026 from 35.17per cent in April 2026. Maximum lending... Read More →

Stock Market Appreciates by N1.64trn to Extend Positive Momentum The Nigerian stock market extended its gains for a second consecutive session as renewed buying interest in  Airtel Africa, Guaranty Trust Holding Company (GTCO), among other drive market capitalization by N1.64trillion . The Nigerian Exchange Limited All-Share Index (NGX ASI) gained... Read More →