Market Updates

Market cap hits N127.36tn on weekly gains Market capitalisation on the Nigerian Exchange hit N127.36 tn as the market closed the week ending Friday on a positive note. The NGX All-Share Index appreciated 0.73 per cent to settle at 198,407.30 points, driven by investor bargain-hunting despite fluctuations in trading volume.... Read More →

Mixed auction results weigh on fixed-income markets The Nigerian fixed-income market experienced a challenging week, characterised by persistent bearish sentiment and cautious investor activity across both primary and secondary market segments. Market participants continued to navigate a complex environment defined by domestic liquidity fluctuations and external global pressures. Reflecting on... Read More →

Coronation Merchant Bank completes N50bn recapitalisation exercise Coronation Merchant Bank has completed its recapitalisation programme, raising its paid-up capital to N50,257,767,438 and reinforcing the bank’s balance sheet to support greater operational resilience and efficiency. A statement from the bank on Sunday stated that the capital raise was carried out through... Read More →

External reserves hit $50bn, highest in 13 years – CBN The Central Bank of Nigeria has announced that the country’s gross external reserves have surpassed the $50bn mark, reaching their highest level in over 13 years. Governor Olayemi Cardoso disclosed this milestone on Thursday while delivering the Distinguished Alumni Lecture... Read More →

Equities market rebounds with N649bn gain The Nigerian stock market reversed the negative trend witnessed in the previous two trading sessions, recording a gain of N649bn on Thursday. The All-Share Index rose by 1,010.22 points, representing an increase of 0.52 per cent to close at 196,908.76 points. Market capitalisation gained... Read More →

When the NBET announced the successful issuance of the N501.02 billion bond to settle legacy debts owed to power generation companies (Gencos), it was more than another government financing headline. The N501.02 billion Series 1 bond represented the first issuance under the Federal Government’s N1.23 trillion initial approval within the... Read More →