Market Updates

Naira gains as liquidity boost offsets reserve slide The naira strengthened in the official foreign exchange (FX) market on Tuesday, buoyed by improved liquidity conditions even as Nigeria’s external reserves extended their recent decline, highlighting the delicate balance facing policymakers. Data from the Central Bank of Nigeria (CBN) showed the... Read More →

CBN mandates IMTOs to use naira settlement accounts for diaspora inflows The Central Bank of Nigeria has moved to tighten oversight of diaspora inflows, directing all international money transfer operators (IMTOs) to route transactions through designated naira settlement accounts in banks in a bid to improve transparency and deepen liquidity... Read More →

NGX lifts suspension on Zichis Agro-Allied shares NGX Regulation Limited has officially lifted the suspension on trading the shares of Zichis Agro-Allied Industries Plc, following a month-long investigation into the company’s market activities. The decision, communicated via a market bulletin on Monday, marks the return of the agro-allied firm to... Read More →

DLM Capital initiates N30bn SBCN plan with maiden payout DLM Capital Group has officially moved from proof-of-concept to proven execution, announcing the successful disbursement of the first principal and coupon payments on its Sovereign Bond-Backed Composite Notes. The payment marks a decisive turning point for the N30bn programme, which seeks... Read More →

Financial reforms gain traction with global recognition The Central Bank of Nigeria secured a major global endorsement last week after it was named Central Bank of the Year 2026 by the Central Banking Awards Committee in London, a recognition that underscores the institution’s role in steering Africa’s largest economy through... Read More →

Agama re-elected IOSCO regional vice chair The Securities and Exchange Commission Nigeria has announced the re-election of its director-general, Emomotimi Agama, as the Vice Chair of the Africa/Middle East Regional Committee of the International Organization of Securities Commissions. The appointment, confirmed for a second term spanning 2026–2028, solidifies Nigeria’s influence... Read More →