Market Updates

Naira weakens to N1,387/$ as reserves fall to $49.29 billion in March The naira weakened slightly to N1,387/$ on Tuesday, compared to N1,386.75/$ recorded in the previous session. This is according to data from the Central Bank of Nigeria (CBN). The marginal depreciation comes amid a decline in Nigeria’s external reserves, which... Read More →

CBN sets tough cybersecurity timeline for banks The Central Bank of Nigeria has directed banks to complete a mandatory cybersecurity self-assessment within three weeks as part of efforts to strengthen resilience across the financial system. In a letter dated March 30, 2026, and published on its website on Tuesday, the... Read More →

Stock market rebounds as ASI rises 0.40% The Nigerian equities market snapped a recent bearish streak on Tuesday as the benchmark All-Share Index rose by 0.40 per cent to close at 201,287.78 points. This upward momentum pushed the year-to-date return to 29.35 per cent, translating into a significant N516bn gain... Read More →

FCMB Capital Markets tops FMDQ Fixed Income league FCMB Capital Markets Limited, the investment banking division of FCMB Group Plc, has officially been crowned the leader of the FMDQ Securities Exchange Limited’s Fixed Income Primary Markets Sponsors’ League Table for the full year 2025. The firm cemented its dominance by... Read More →

BUA Foods proposes N28 dividend as profits near N520bn BUA Foods Plc has signalled immense confidence in its operational strategy by proposing a record-breaking dividend payout following a stellar 2025 financial year. The food manufacturing giant announced a proposed dividend of N28 per share, marking a 115 per cent increase... Read More →

Naira dips to N1,380.58/$ as global tension lingers The naira weakened to N1,380.58 per dollar at the official market, declining by 1.93 per cent week-on-week, as sustained foreign exchange demand continued to outpace supply, even as oil prices surged and system liquidity remained elevated at N5.93 trillion. Pressure in the foreign exchange market intensified last week,... Read More →