Market Updates

Dangote resumes naira petrol sales, hikes price by N140 The Dangote Petroleum Refinery has resumed the sale of Premium Motor Spirit, popularly called petrol, in naira, ending its brief dollar-denominated pricing regime, while increasing its ex-depot price by N140 per litre. The latest development comes one week after the 650,000-barrels-per-day... Read More →

Prioritise governance over account openings, CBN tells banks The Central Bank of Nigeria has urged financial institutions to shift their focus from mere account- opening metrics to delivering measurable customer outcomes, warning that financial inclusion without strong corporate governance risks eroding public trust and exposing consumers to heightened fraud and... Read More →

Inflows, FX reforms lift external reserves 58% under Cardoso Nigeria’s external reserves have risen by 58 per cent since Olayemi Cardoso assumed office as Governor of the Central Bank of Nigeria  in September 2023, driven by stronger export earnings, increased  portfolio  investments,  FX market  reforms,  lower fuel  import  bills and ... Read More →

Businesses, economists back CBN’s 26.5% interest rate decision The Monetary Policy Committee of the Central Bank of Nigeria on Tuesday retained the Monetary Policy Rate, the benchmark interest rate, at 26.5 per cent for the second consecutive meeting, citing renewed geopolitical tensions in the Middle East and persistent inflationary risks... Read More →

Unilever declares N11bn dividend on N119bn H1 revenue Unilever Nigeria Plc has announced a 22 per cent growth in revenue for the first half of 2026, reaching N119.9bn. In a financial statement released to the Nigerian Exchange on Tuesday, the consumer goods giant also declared an interim dividend of N2.00... Read More →

NGX gains N307bn as market capitalisation rises to N159tn The Nigerian Exchange sustained its upward momentum on Tuesday as investors added N307bn to market capitalisation, driven by renewed buying interest in medium-cap stocks that easily outweighed profit-taking in selected equities. Total market capitalisation rose from N158.812t at the opening of... Read More →