Market Updates

Naira hits two-year high at 1,347/$ The naira has strengthened sharply in recent weeks, reaching one of its strongest levels in nearly two years, even as rising foreign portfolio inflows increase the risk of investor profit-taking later in the year, according to a macro update by CardinalStone. According to the... Read More →

NGX: Commercial paper debuts with Dangote Cement’s N119.87bn issuance Nigerian Exchange Limited has listed its first Commercial Paper by admitting Dangote Cement Plc’s Series 1 and Series 2 Commercial Papers under its N500bn Commercial Paper Issuance Programme. In a statement on Wednesday, the local bourse announced that the two series,... Read More →

Oando to raise N220.79bn via rights issue Oando Plc has formally submitted an application to the Nigerian Exchange Limited seeking approval to list a rights issue of 4,415,867,342 new ordinary shares as part of a capital-raising initiative that would generate about N220.79bn in fresh equity capital. In a corporate disclosure... Read More →

FX for business travels soar by 366% to $672m More Nigerians gained access to foreign exchange, boosting their spending on business travels by 366 per cent to $672.27m in the first nine months of 2025, up from $144.19m recorded in the corresponding period of 2024. The figures, contained in the... Read More →

Ecobank Nigeria fully repays $300m Eurobond Ecobank Nigeria has repaid the outstanding principal and accrued interest on its original $300m Eurobond due 16 February 2026. In an announcement on Wednesday, the lender said the repayment marked a significant milestone in its liability management strategy and overall balance sheet strengthening efforts.... Read More →

Nairagram Completes ₦10bn Capital Raise to Deepen Financial Connectivity Across Africa Nairagram, a leading pan-African payments and financial infrastructure company, has completed its ₦10 billion Commercial Paper issuance, fully subscribed within 48 hours of going to market.The organisation stated that the Commercial Paper programme received final regulatory approval from the... Read More →