Market Updates

Investors warned as SEC halts Dangote IPO publicity The Securities and Exchange Commission has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, warning that it has neither received nor approved any application for such... Read More →

Crude falls after 19m barrels cross Hormuz Strait President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday. According to Trump on Tuesday, oil prices are tumbling as a result of the oil flow through Hormuz.... Read More →

Equity market extends rally as index gains 1.06% The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday, as renewed buying interest continued to drive capital appreciation across the bourse. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to... Read More →

Domestic investors lead NGX’s 177% transaction spike Trading on the floor of the Nigerian Exchange Limited (NGX) sustained a rising profile in May, with total transactions increasing to N1.94 trillion, driven largely by increased participation from domestic investors. The latest NGX’s Domestic and Foreign Portfolio Participation Report showed that total transactions increased... Read More →

Fitch cautions Nigeria over risks in $5bn swap Nigeria’s proposed $5bn total return swap financing arrangement could expose the country to additional debt-management and liquidity risks despite its potential benefits, global rating agency, Fitch Ratings, has warned. In a special report obtained by The PUNCH on Monday, Fitch said that... Read More →

Domestic crude supply falls amid sabotage allegations Domestic crude supply to Nigeria’s refineries declined to 15.84 million barrels in May 2026, even as the facilities achieved a combined intake of 17.92 million barrels for the month, according to the latest midstream and downstream statistics released by the Nigerian Midstream and... Read More →