Market Updates

Banks, fintechs unite to tackle $5bn payment inefficiency African banks, fintechs, and policymakers converged in Lagos on Tuesday for the inaugural Pan-African Payment and Settlement System COWRY event, marking a step towards a more integrated continental payment infrastructure. The banking executives underscored the persistent inefficiencies in cross-border payments, noting that... Read More →

Nigeria’s Eurobonds defy rising insecurity The Nigerian Eurobonds market held firm in November, with yields extending their downward trend even as a surge in domestic insecurity drew sharp scrutiny from the United States. The average yield on all 13 existing FGN Eurobonds fell 69 basis points in a month to... Read More →

NDIC seeks NIESV’s collaboration to protect bank depositors The Managing Director/Chief Executive of the Nigeria Deposit Insurance Corporation (NDIC), Thompson Sunday, has called on the Nigerian Institution of Estate Surveyors and Valuers (NIESV) to deepen collaboration with the Corporation to safeguard bank depositors. The NDIC boss, who stressed the importance... Read More →

Dangote Sugar, 25 Others Drag Market Cap Down by N197bn The stock market segment of the Nigerian Exchange Limited (NGX) opened the new week on a negative note, dropping by N197 billion on investors’ profit-taking in Dangote Sugar Refinery Plc, and 25 others.   Specifically, the market capitalisation, which opened at... Read More →

Monetary Reform as Blueprint for Sustainable Growth At the 60th Annual Bankers’ Dinner, Central Bank Governor Olayemi Cardoso delivered a speech that was both reflective and forward-looking, a sweeping account of Nigeria’s reform trajectory and its transition into a sustainable growth phase. The address was not mere rhetoric; it was... Read More →

Nigeria completes shift to T+2 settlement, targets T+1 On 28 November 2025, Nigeria’s capital market formally transitioned to a T+2 settlement cycle, a significant shift aimed at improving market efficiency, reducing risk, and aligning the country with global post-trade standards. OLUWAKEMI ABIMBOLA writes on the transition and its impact on the market... Read More →