Market Updates

Interest Rate: Banking Sector Maximum Lending Rate Drops to 34.78% Following the marginal reduction of the Monetary Policy Rate (MPR) by the Central Bank of Nigeria (CBN), the banking sector average maximum lending rate depreciated to 34.78 per cent in May 2026 from 35.17per cent in April 2026. Maximum lending... Read More →

Stock Market Appreciates by N1.64trn to Extend Positive Momentum The Nigerian stock market extended its gains for a second consecutive session as renewed buying interest in  Airtel Africa, Guaranty Trust Holding Company (GTCO), among other drive market capitalization by N1.64trillion . The Nigerian Exchange Limited All-Share Index (NGX ASI) gained... Read More →

Investors warned as SEC halts Dangote IPO publicity The Securities and Exchange Commission has directed capital market operators to immediately halt all promotional activities relating to a purported initial public offering by Dangote Petroleum Refinery & Petrochemicals FZE, warning that it has neither received nor approved any application for such... Read More →

Crude falls after 19m barrels cross Hormuz Strait President of the United States, Donald Trump, says a record 19 million barrels of oil flowed out of the Strait of Hormuz on Monday. According to Trump on Tuesday, oil prices are tumbling as a result of the oil flow through Hormuz.... Read More →

Equity market extends rally as index gains 1.06% The Nigerian equities market extended its positive momentum for the second consecutive session on Tuesday, as renewed buying interest continued to drive capital appreciation across the bourse. The benchmark All-Share Index gained 2,524.00 points, representing a growth of 1.06 per cent to... Read More →

Domestic investors lead NGX’s 177% transaction spike Trading on the floor of the Nigerian Exchange Limited (NGX) sustained a rising profile in May, with total transactions increasing to N1.94 trillion, driven largely by increased participation from domestic investors. The latest NGX’s Domestic and Foreign Portfolio Participation Report showed that total transactions increased... Read More →