Market Updates

Okomu Oil notifies NGX of latest board resolutions Okomu Oil Palm Company Plc, a leader in the Nigerian agricultural sector, has officially notified the Nigerian Exchange Limited and the investing public of the outcomes of its Board of Directors meeting held earlier on Monday. Following the review of the company’s... Read More →

Naira holds steady at N1,400/$ in parallel market The Nigerian naira began the trading week with a display of relative stability, maintaining a flat position in the parallel market, where the average Bureau de Change rate closed at N1,400 per United States dollar on Monday. This unchanged rate provides a... Read More →

DLM SPV lists N9bn AAA-rated notes on FMDQ FMDQ Securities Exchange Limited has officially announced the approval and listing of the DLM SPV PLC N7.30bn Series 1 (Tranche A) and N1.70bn Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes which sets the benchmark in the Corporate Bond... Read More →

Nigeria records $96bn crypto transactions – SEC Nigeria’s digital finance ecosystem recorded about $96bn in cryptocurrency and other virtual asset transactions, the Director-General of the Securities and Exchange Commission, Emomotimi Agama, has disclosed. Agama revealed this during a Citizens and Stakeholders Engagement Session organised by the Federal Ministry of Finance... Read More →

Naira eyes N1,390/$ settlement as U.S dollar shows resilience globally The Nigerian naira’s outlook for this week is still cautiously optimistic following a period of steady appreciation and a significant shift in monetary policy Market participants are currently observing the Naira/dollar pair to navigate a narrow range to project the next big move. The immediate... Read More →

Fintech growth drives need for stronger AML compliance Rapid fintech expansion in Nigeria is heightening regulatory scrutiny, as authorities push for stronger anti-money laundering compliance to safeguard the financial system, JUSTICE OKAMGBA reports Banks, mobile money operators, international money transfer operators, and other financial institutions in Nigeria are now required... Read More →