Market Updates

SEC fixes June 1 for T+1 settlement cycle transition The Securities and Exchange Commission has announced the transition to a T+1 settlement cycle for equities and commodities transactions in the Nigerian capital market, with effect from Monday, 1 June 2026. The apex regulatory body stated that the transition is in... Read More →

FGN bond subscriptions drop 45% despite higher yields Investor appetite for Federal Government bonds weakened in May 2026 as total subscriptions dropped by 45.6 per cent month-on-month, despite rising yields at the auction. Data released by the Debt Management Office showed that total market subscriptions fell to N516.17bn in May... Read More →

US stocks retreat amid renewed inflation concerns Wall Street stocks retreated early Tuesday as analysts pointed to angst over inflation pressures as the prolonged Middle East war kept oil prices high. Equities had until recently “shrugged off the effects of higher yields”, Interactive Brokers’ Steve Sosnick said of increases in... Read More →

Fiscal, FX reforms push Nigeria’s credit rating higher Nigeria’s fiscal and foreign exchange reforms that improved external reserves, increased FX liquidity, and strengthened confidence in the economy have prompted an upgrade of the country’s sovereign credit rating, among other economic gains, ARINZE NWAFOR writes Nigeria’s ongoing economic and financial sector reforms have... Read More →

63% of Nigerians want interest rates reduced – CBN The Central Bank of Nigeria says 63.3 per cent of Nigerians want interest rates reduced ahead of the Monetary Policy Committee meeting scheduled for May 19 and 20, 2026. The apex bank disclosed this in its April 2026 Inflation Expectations Survey... Read More →

Investors trade 7.77 billion shares valued at N374bn Aggressive market demand propelled the Nigerian capital market upward last week, resulting in a phenomenal N374bn worth of shares changing hands. From heavy banking sector dominance and stellar individual stock performances to critical primary market listings and an active fixed-income segment, here... Read More →