Market Updates

Subscription to FGN Bond Hits N6.8trn in Four Months on Investors’ Confidence Amid moderate yields, total subscription to FGN bonds in the first four months of 2026 surged to N6.8 trillion, representing about  87 per cent increase when compared to N3.7 trillion in the first four months of 2025.  The FGN... Read More →

Firm unveils phone for capital market access Nigeria’s Egoras Technologies is preparing to launch a business-focused smartphone designed to give small and medium-sized enterprises direct access to capital markets, in a move that could reshape how companies raise funds in Africa’s largest economy. The device, known as the Cube Phone,... Read More →

Stocks rally lifts market by N3.2tn The Nigerian stock market staged a recovery during Tuesday’s trading session as the overall market capitalisation advanced by N3.204tn to cross the N147tn threshold. This rebound effectively reversed previous losses and restored a bullish sentiment across the floor of the Nigerian Exchange. The All-Share... Read More →

Nigeria, Ghana lead African small-cap rally African equities markets have entered a transformative phase in 2026, with small-cap stocks emerging as the primary engine of growth across the continent’s frontier bourses. Data obtained by The PUNCH from Kenya Wall Street on Sunday reveals a historic rally characterised by triple-digit gains, particularly within... Read More →

DMO to raise N700 billion on Monday, April 27 FGN Bond auction The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, is expected to raise N700 billion through a Federal Government Bond (FGN) auction scheduled for Monday, April 27, 2026. This is according to the official offer... Read More →

NUPRC urges refiners to acquire oil blocks The Nigerian Upstream Petroleum Regulatory Commission has urged members of the Crude Oil Refinery Owners Association of Nigeria to consider acquiring oil blocks in upcoming licensing rounds as a long-term solution to crude supply challenges. The Commission Chief Executive, Mrs Oritsemeyiwa Eyesan, made the... Read More →