Market Updates

Naira rebounds, gains N51 as FX volatility eases The Nigerian naira recorded a significant milestone in April 2026, marking its first monthly appreciation for the month of April in three years. According to data from the Central Bank of Nigeria, the local currency strengthened to close the month at N1,374/,... Read More →

CBN reforms boost resilience against global shocks As the Middle East crisis continues to unsettle economies and test resilience, SAMI TUNJI examines how the Central Bank of Nigeria’s recent reforms are influencing the country’s capacity to absorb external shocks, how effective those measures have been, and the areas where vulnerabilities persist Nigeria’s... Read More →

Access Holdings posts N1tn PBT, equity hits N4.33tn Access Holdings Plc’s audited financial results for the year ended 31 December 2025 revealed a fortress-like balance sheet, with shareholders’ funds climbing 15 per cent to N4.33tn, signalling a definitive shift in its corporate evolution, moving away from a decade of aggressive... Read More →

Naira records first April gain in NAFEX era The Naira strengthened against the United States dollar in April 2026, appreciating month-on-month from its March closing of N1,387/$ to close the month at N1,374/$. This is according to data from the Central Bank of Nigeria (CBN). This is the first time... Read More →

Market cap hits N155.9tn, investors gain N2.68tn The Nigerian Exchange closed April 2026 on a record high, shrugging off a volatile week in financial stocks as gains in industrial heavyweights lifted total market capitalisation to N155.9tn. Despite a steep banking-sector sell-off driven by disappointing dividend announcements, the broader market recorded... Read More →

Nigeria’s dollar GDP jumps 22% to $307bn –Report Nigeria’s dollar GDP rose by 22 per cent to about $307bn in 2025, driven by stronger economic output and a firmer naira, according to a report by Quartus Economics. “In 2025, Nigeria’s dollar GDP expanded 22 per cent. This comprises an 18.43... Read More →