Market Updates

Zenith Bank’s liquidity ratio climbs 70.97% Zenith Bank Plc has significantly boosted its liquidity position over the past decade, with its liquidity ratio climbing 70.97 per cent from 47.70 per cent, reflecting a stronger capacity to meet short-term obligations and absorb funding pressures. According to Zenith Bank’s financial statements seen... Read More →

Industrial sector drags NGX down 0.14% The Nigerian Exchange Limited experienced a wave of mixed sentiments during the trading week ended 17 July 2026. A sharp decline in the industrial sector effectively offset strong gains in banking equities, reflecting a broader tug-of-war between institutional portfolio rebalancing and macroeconomic headwinds. The... Read More →

Federal Government, LASG Bonds Listing on NGX Jump to N6.93trn The federal government and Lagos State government bonds listings on the Nigerian Exchange Limited (NGX) increased to N6.93 trillion between January and July 16, 2026 amid playing a critical role in capital formulation in Nigeria’s  economy. The federal government through... Read More →

Oyedele: Tinubu Hasn’t Borrowed Up to N80trn, Blames Debt Rise on FX, Legacy Liabilities •    Says FG generated N21.6trn tax revenue in six months, external reserves hit 17-year high •    Senators raise concerns over rising debt, poor budget implementation despite higher revenues •Monguno warns failure to implement Appropriation Act could... Read More →

FirstHoldCo Delivers N1.93 Trillion Gross Earnings and N653.5 Billion PBT in H1 2026 FirstHoldCo Plc has reported another outstanding financial performance for the half year ended June 30, 2026. Most notably, profit before tax rose by 83.5% to N653.5 billion, it recorded gross earnings of N1.93 trillion, representing a 16.7%... Read More →

143 firms battle for 50 oil blocks today The Nigerian Upstream Petroleum Regulatory Commission will open the decisive commercial phase of the 2025 oil and gas licensing round on Tuesday (today), with 143 companies set to compete for 50 blocks across Nigeria’s major and emerging hydrocarbon basins. The commercial bid... Read More →