Market Updates

Geregu: Concerns Mounts over Utilisation of N40bn Bond Issued Under Previous Management The recent corporate debt default by Geregu Power Plc has raised concerns as to how the proceeds of the N40 billion series 1 senior unsecured bond was used. The bond, issued on July 28, 2022, has a seven-year... Read More →

Stock Market Sustains Downward Trend, Drops by  N3.54tn in Three Days The stock market section of the Nigerian Exchange Limited (NGX) has continued its downward trend, dropping by N3.54 trillion in its third consecutive day trading activities.   The market that opened for trading early this week on a positive note... Read More →

SEC sets 5pm cutoff for T+1 equities, commodities trade The Securities and Exchange Commission has fixed 5:00pm on the first business day after a transaction (T+1) as the settlement deadline for equities and commodities traded and settled through the Central Securities Clearing System. The Commission made this clarification in a... Read More →

NGX sheds N613bn as bearish momentum persists The Nigerian Exchange Limited closed trading on Thursday on a slightly bearish note, extending a multi-day pullback. The All-Share Index declined by 949.71 points, or 0.39 per cent, to close at 243,017.38 points, down from the 243,967.09 points recorded on Wednesday. In tandem... Read More →

Recapitalisation to drive H2 2026 lending, tech expansion Nigeria’s banking industry is heading into the second half of 2026 with improved capital positions after completing the Central Bank’s recapitalisation exercise, as lenders are expected to channel the additional funds into expanding credit, enhancing technology and building long-term resilience. JIDE AJIA... Read More →

CBN hikes rates to 17.59% despite overwhelming N4.4 trillion bid against N700 billion offer The Central Bank of Nigeria (CBN) raised the stop rate on its benchmark 364-day Treasury Bill to 17.59% at Wednesday’s auction, defying expectations that overwhelming demand would push borrowing costs lower. Investors submitted a combined N4.4... Read More →