Market Updates

FMDQ Exchange approves listing of NMRC’s N11.50bn bond The FMDQ Securities Exchange Limited approved the listing of Nigeria Mortgage Refinance Company Plc’s N11.50bn 10-year 17.25 per cent Series 1 Fixed Rate Bond under its N440.00bn medium-term note programme. This is coming as the Nigerian debt capital market continues to experience... Read More →

Unilever Nigeria to pay shareholders N18.67 billion dividend for 2025 Unilever Nigeria Plc has approved the distribution of N18.67 billion to shareholders as dividend for the 2025 financial year following resolutions passed at its Annual General Meeting (AGM) held on May 8, 2026, in Lagos. The approval was contained in a statement... Read More →

Naira weakens to N1,375/$ as dollar steadies amid renewed Middle East tensions The naira weakened slightly against the United States dollar on Monday, closing at N1,375/$ in the official foreign exchange market amid renewed global market uncertainty linked to rising tensions in the Middle East. The latest figures released by... Read More →

Equities market gains N3.17tn as ASI crosses 250,000 mark The equities market extended its bullish run on Monday as the All-Share Index crossed the 250,000-point mark, with investors gaining over N3tn amid sustained buying interest in key stocks. Data from Nigerian Exchange Limited showed that the ASI advanced 2.33 per... Read More →

CBN cautions non-interest banks on governance weaknesses The Central Bank of Nigeria has warned non-interest financial institutions against governance and compliance risks capable of undermining public confidence and financial stability in the country’s growing Islamic finance sector. The warning was contained in a press statement issued by the apex bank... Read More →

External reserves shed $855 million in five weeks Nigeria’s external reserves declined by approximately $855 million within five weeks, falling from $49.18 billion on April 1, 2026, to $48.33 billion as of May 7, 2026. This is according to the latest figures released by the Central Bank of Nigeria (CBN).... Read More →