Market Updates

‘CBN may hike rates as election spending pressures rise’ The Central Bank of Nigeria is highly likely to raise its benchmark interest rate, the Monetary Policy Rate, during the second half of 2026 as liquidity pressures build ahead of the 2027 general elections. This warning was  issued on Wednesday by... Read More →

NGX gains N390bn as banking stocks lift market The Nigerian equities market maintained its upward momentum on Wednesday as renewed demand for banking stocks offset profit-taking in select counters, keeping the Nigerian Exchange near historic highs despite a slowdown in trading activity. The benchmark NGX All-Share Index ended the session... Read More →

Stockbrokers hail Nigeria’s return to S&P Frontier Watchlist The Chartered Institute of Stockbrokers and the Association of Securities Dealing Houses of Nigeria have welcomed the decision of S&P Dow Jones Indices to place Nigeria on its 2027 Watchlist for potential reclassification from a Standalone Market to a Frontier Market. This... Read More →

Stock market rebounds as capitalisation jumps N719bn The Nigerian equities market rebounded on Tuesday to close higher, snapping its two-day losing streak as the overall market capitalisation advanced by N719bn. The All-Share Index gained 1,121.33 points, representing a 0.46 per cent growth, to close at 242,870.44 points. Accordingly, market capitalisation... Read More →

FG targets N1.2tn in latest bond offer The Federal Government of Nigeria is returning to the domestic capital market to raise N1.2tn through the reopening of three Federal Government of Nigeria bond instruments. The announcement, detailed in a Debt Management Office Offer Circular, maps out the government’s plan to auction... Read More →

Dollar weakens as rate fears ease, oil stable The dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month. Oil prices had jumped sharply on fresh Iran-US strikes, with two ships struck overnight near the Strait of Hormuz. But those gains... Read More →