Market Updates

Banks’ maximum lending rate drops to 33.16% Nigeria’s average maximum lending rate eased to 33.16 per cent in June 2026, down from 34.78 per  cent  in  May,  reflecting  a  modest  decline  in  borrowing  costs  as  the  Central  Bank  of Nigeria maintained its benchmark interest rate amid improving macroeconomic conditions. Data... Read More →

Global tensions shape CBN’s monetary policy The Central Bank of Nigeria’s monetary policy is increasingly being shaped by global geopolitical  tensions,  as  the Middle East  crisis  complicates  inflation management,  delays interest rate cuts and heightens risks to exchange rate stability and economic growth, SAMI TUNJI reports For the CBN, the... Read More →

Govt renews commitment to IMF-backed economic reforms The Federal Government has reaffirmed its commitment to sustaining its partnership with the International Monetary Fund as it pursues ongoing fiscal and macroeconomic reforms aimed at restoring economic stability, strengthening public finances and supporting long-term growth. The commitment was made at a farewell... Read More →

NGX gains N2tn as market cap hits N159tn The Nigerian equities market sustained a strong bullish run for the week ending Friday, 24 July 2026, as heavy institutional buying across core sectors pushed the overall market valuation above the historical N159tn threshold, JIDE AJIA reports The Nigerian equities market closed... Read More →

FX market turnover surges 83% to $4.38bn on FMDQ Total turnover in the official foreign exchange market surged 83.38 per cent to $4.38bn in the week ended July 24, 2026, amid heightened demand for foreign currency and increased regulatory clarity following the Central Bank of Nigeria’s ongoing liquidity-boosting reforms. The... Read More →

10 leading brokers drive over 70% of NGX equities The top 10 stockbroking firms on the Nigerian Exchange Limited have accounted for 70.50 per cent of the total transaction value executed across all asset classes. NGX revealed this on Friday in its weekly market performance report for the trading period... Read More →