Market Updates

Naira slips 1,385/$ amid Middle East tension The naira has come under renewed pressure in the foreign exchange market, slipping to N1,385 per US dollar as escalating conflict in the Middle East sends shockwaves through global financial systems. The local currency, which had previously shown signs of stability at N1,360,... Read More →

Stock rally lifts NGX ASI beyond 200,000 milestone Nigeria’s stock market hit a major milestone on Monday, with the NGX All-Share Index crossing the 200,000-point mark, buoyed by strong investor demand and broad-based gains across key sectors. The benchmark index rose 1.55% to close at 201,474.89 points, up from 198,407.30... Read More →

Reforms drive capital growth, says NGX CEO The Group Managing Director and Chief Executive Officer of Nigerian Exchange Group Plc, Temi Popoola, has said Nigeria’s ongoing economic reforms are already strengthening domestic capital formation and positioning the country for deeper global investment partnerships. Popoola made this known while speaking at... Read More →

Okomu Oil notifies NGX of latest board resolutions Okomu Oil Palm Company Plc, a leader in the Nigerian agricultural sector, has officially notified the Nigerian Exchange Limited and the investing public of the outcomes of its Board of Directors meeting held earlier on Monday. Following the review of the company’s... Read More →

Naira holds steady at N1,400/$ in parallel market The Nigerian naira began the trading week with a display of relative stability, maintaining a flat position in the parallel market, where the average Bureau de Change rate closed at N1,400 per United States dollar on Monday. This unchanged rate provides a... Read More →

DLM SPV lists N9bn AAA-rated notes on FMDQ FMDQ Securities Exchange Limited has officially announced the approval and listing of the DLM SPV PLC N7.30bn Series 1 (Tranche A) and N1.70bn Series 3 (Tranche B) Plain Vanilla Returns Sovereign Bond-Backed Composite Notes which sets the benchmark in the Corporate Bond... Read More →