Market Updates

Nigeria rakes in N41.7tn from six-month crude production Nigeria produced an estimated 295.18 million barrels of crude oil and condensate valued at about $28.08bn (approximately N41.74tn) in the first six months of 2026, reflecting a modest recovery from the second half of last year despite a slight decline compared to... Read More →

Equities market sheds N32bn as selloffs end rally The Nigerian equities market closed lower on Thursday as mid-session selloffs wiped N32bn off investors’ investments, breaking a recent spell of positive momentum on the trading floor. The All-Share Index shed 221.14 points, representing a decline of 0.09 per cent to close... Read More →

Nigeria’s reserves hit $52bn, inflation drops to 15.9% The Central Bank of Nigeria has reported a landmark recovery in the nation’s financial buffers, with gross foreign reserves surging to $51.89bn, nearly reaching the $52bn mark as of mid-July 2026. This multi-year milestone, according to the CBN data obtained on Thursday,... Read More →

CBN unveils centralised system to track BDC transactions The Central Bank of Nigeria has introduced a comprehensive real-time monitoring framework for Bureau De Change operators, unveiling a centralised transaction-tracking platform aimed at strengthening oversight, improving transparency, and enhancing compliance across Nigeria’s foreign exchange market. A circular signed by the Director... Read More →

Nigeria’s foreign reserves hit $51.86 billion, highest since 2009 Nigeria’s external reserves have climbed to $51.86 billion, marking their highest level in more than 17 years and surpassing the Central Bank of Nigeria’s (CBN) projection for the year. Data from the CBN tracked by Nairametrics shows that the country’s gross... Read More →

CBN allots N1.19 trillion as investors bid N2.87 trillion for 364-day T-bill Investors in Nigeria’s Treasury Bills market poured a whopping N2.87 trillion into the 364-day instrument alone at the July 15 primary market auction, more than seven times higher than N400 billion on offer. While the 91-day and 182-day... Read More →