Market Updates

Trading on the floor of the Nigerian Exchange Limited closed on a bearish note on Tuesday, as profit-taking activities weighed on key market indicators and dragged the benchmark All-Share Index lower by 222.61 points to settle at 247,513.63 basis points compared to the 247,736.24 basis points recorded on Monday. Market... Read More →

Nigeria’s interbank borrowing costs declined on Monday as surplus liquidity in the financial system rose to N4.04tn, easing immediate funding pressures on banks ahead of a major Central Bank of Nigeria liquidity operation. Banking system liquidity increased by 8.99 per cent from N3.71tn recorded previously, according to market data from... Read More →

The planned N200 billion bond issuance by the Lagos State Government could provide fresh funding for critical infrastructure projects, including rail transport, bridges and hospitals, while offering investors another opportunity to earn returns from Nigeria’s domestic debt market. The proposed offer, which forms part of the state’s N1tn Debt and... Read More →

OPay, one of Africa’s leading fintech companies, has secured board and shareholder approval to pursue a secondary listing on Nigerian Exchange Limited following the completion of its planned primary listing on the New York Stock Exchange, a development that aligns with Nigerian Exchange Group Plc’s earlier advocacy for leading Nigerian... Read More →

Trading activity on Nigerian Exchange Limited recorded an increase in value during the first full trading week of October, with total equity turnover rising to N158.29bn from N155.02bn in the preceding week. The market also closed Friday’s session on a positive note, recovering some ground after four consecutive sessions of... Read More →

The Nigerian Exchange Group is targeting a market capitalisation of N300 trillion and pushing for more government-linked companies to list on the exchange as the capital market seeks a larger role in driving Nigeria toward a $1 trillion economy. Speaking at the 30th anniversary and annual awards dinner of the... Read More →