Market Updates

Tinubu commends Cardoso as banking reforms lift confidence President Bola Tinubu has commended the Governor of the Central Bank of Nigeria, Olayemi Cardoso, citing ongoing reforms at the apex bank as part of efforts to stabilise the economy and support long-term growth. Speaking after the March 31, 2026, deadline for... Read More →

Shareholders hail GTCO’s N12.76 dividend payout Shareholders of Guaranty Trust Holding Company Plc have commended the management of the financial institution for the highest dividend payout of N12.76 in the Nigerian banking sector for the 2025 financial year. The shareholders at GTCO’s 5th Annual General Meeting also praised the Group’s... Read More →

Cadbury shares slide 10% on Awosika exit Cadbury Nigeria Plc shares sank 10% following announcement of the resignation of its director, Ibukun Awosika from the board. The company disclosed this in a notice to the Nigerian Exchange Limited and the investing public on Wednesday, in a statement signed by the... Read More →

Naira weakens to N1,383/$ amid further reserves drop in April 2026 The naira extended its decline on Tuesday, closing at N1,383 per US dollar as renewed pressure in the foreign exchange market coincided with a further dip in Nigeria’s external reserves. This is according to data on the Central Bank... Read More →

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 →