Market Updates

Cardoso, Okonjo-Iweala to lead Africa Emerging Markets Forum Central Bank of Nigeria Governor, Olayemi Cardoso, and Director-General of the World Trade Organisation, Ngozi Okonjo-Iweala, will headline the seventh Africa Emerging Markets Forum scheduled to be held at the CBN headquarters in Abuja on 29 and 30 July 2026. The event,... Read More →

First HoldCo climbs 10% after Otedola share purchase Shares of First HoldCo Plc surged by 9.91 per cent on Thursday, reaching a record high on the Nigerian Exchange as aggressive bargain hunting and robust investor sentiment continued to lift the financial group’s valuation. The stock closed trading at N120.90 per... Read More →

‘Domestic investors now control 80% of stock market’ The Group Managing Director of Anchoria, a financial services group, Sam Chidioka, said Nigeria’s capital market is now more stable, with domestic investors accounting for about 80 per cent of market participation, reducing the dominance of foreign portfolio investors. Chidioka revealed this... Read More →

Energy firm secures FMDQ listing for N15bn bond FMDQ Securities Exchange Limited has approved and listed Paras Energy Funding SPV Plc’s N15.00bn 5-year 18.00 per cent Series 1 Fixed Rate Bond on its platform. The listing, executed under the company’s N25.00bn Bond Issuance Programme, followed approval by the Exchange’s Board... Read More →

Naira to weaken as fuel importers increase dollar demand The naira is coming under renewed pressure against the United States dollar as fuel importers increase foreign exchange purchases to build inventories. Reuters reported on Thursday that the Nigerian currency, alongside those of Ghana and Uganda, is projected to weaken against... Read More →

Private sector credit climbs to N83.3tn amid lending growth Credit to Nigeria’s private sector increased to N83.3tn in June 2026, representing a 2.8 per cent month-on-month rise from N81tn in May, according to the latest Money and Credit Statistics released by the Central Bank of Nigeria. The apex bank’s data... Read More →