Market Updates

The International Monetary Fund has endorsed the Central Bank of Nigeria’s decision to cut its benchmark interest rate to 23 per cent, saying the move is justified by progress in taming inflation, although monetary policy remains tight. Director of the IMF’s African Department, Zeine Ould Zeidane, said Nigeria had made... Read More →

Nigeria’s foreign exchange reserves have climbed to $55.1bn, their highest level in 18 years, strengthening the country’s capacity to withstand global economic disruptions, Central Bank of Nigeria Governor, Olayemi Cardoso, has said. Cardoso said the growing reserves buffer, alongside relative stability in the naira and easing inflation, would help limit... Read More →

Nigeria’s headline inflation fell to 14.63 per cent in September 2026, down from 15.39 per cent in August, despite energy costs rising 5.38 per cent during the month. The latest Consumer Price Index report released on Thursday by the National Bureau of Statistics showed that inflation moderated by 0.76 percentage... Read More →

Trading on  the  Nigerian  Exchange  Limited  closed  on  a  positive note  on  Thursday,  as  the benchmark All-Share Index recorded a modest gain of 33.48 points to settle at 247,707.13 points compared to the 247,673.65 points recorded on Wednesday. The market capitalisation of listed equities similarly appreciated, closing higher at N160.83tn... Read More →

Trading activities on the Nigerian Exchange closed on a positive note on Wednesday, as the market capitalisation recorded an upward movement to close at N160.812tn compared to N160.708tn recorded on the previous trading day. The market All-Share Index similarly appreciated to settle at 247,673.65 basis points from 247,513.63 basis points,... Read More →

The Federal Government is planning to issue N5.40tn trillion in Nigerian Treasury Bills between October and December 2026, with nearly 76 per cent of the proposed sales concentrated in securities that mature after one year. The issuance plan, published by the Central Bank of Nigeria and the Debt Management Office... Read More →