Market Updates

Nigeria lost between $230bn and $235bn in potential investments because of the prolonged failure to pass the Petroleum Industry Bill, former Senate President Ahmad Lawan has said, recounting how he and the then Speaker of the House of Representatives, Femi Gbajabiamila, approached former President Muhammadu Buhari to secure his support... Read More →

The Central Bank of Nigeria has ruled out an extension of the 1 January 2027, deadline for financial institutions to store and manage payment transaction data generated in Nigeria locally, putting pressure on banks, fintechs and payment service providers to complete their migration plans. The disclosure was made at the... Read More →

The Nigerian Exchange experienced a downturn during the trading week ended on Friday, October 9, 2026, as broader market indicators pulled back. Investors traded a total of 2.715 billion shares worth N158.280bn in 209,986 deals, reflecting a shift in market momentum compared to the previous week. Market participants navigated a... Read More →

The Chapel Hill Denham Nigeria Infrastructure Debt Fund has announced its unaudited financial results for the nine-month period ended September 30, 2026, delivering a profit before tax of N17.36bn. The figure reflects a 2.9 per cent increase compared to the corresponding period of the previous year despite a general drop... Read More →

Trading activity in Nigeria’s foreign exchange market fell sharply last week, as total turnover across the spot and derivatives segments dropped to $1.70 billion. Data from FMDQ showed that turnover for the week ended 2 October, 2026, fell by 35.4 per cent from $2.63bn recorded in the previous week. The... Read More →

Nigerian banks withdrew N941.85 billion from the Central Bank of Nigeria’s Standing Deposit Facility in one day, pushing total placements below N4tn amid sharp swings in banking system liquidity. Data from the apex bank showed that SDF deposits fell to N3.76 trillion on October 7, 2026, from N4.70 trillion the... Read More →