Economists Question CBN's 45% CRR as Nigeria's Reserves Hit 18-Year High
Economists have renewed calls for the Central Bank of Nigeria to reconsider its 45 per cent Cash Reserve Ratio.
Lagos, Nigeria • Real-time financial news
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NGX ASI 158.4tn ▲ 0.10%
USD/NGN ₦1,329.00 ▼ 0.02%
Bonny Light $115.40 ▲ 2.35%
Inflation (Aug) 15.39% ▼ 0.04pt
NGX Banking Idx +67.96% YTD ▲ 0.86%
Fx Reserves $54.0bn ▲
T-Bills Demand firm ▲
NGX ASI 158.4tn ▲ 0.10%
USD/NGN ₦1,329.00 ▼ 0.02%
Bonny Light $115.40 ▲ 2.35%
Inflation (Aug) 15.39% ▼ 0.04pt
NGX Banking Idx +67.96% YTD ▲ 0.86%
Fx Reserves $54.0bn ▲
T-Bills Demand firm ▲
Market News Nigeria
Real-time financial news
Thursday, 17 September 2026Lagos • 09:14 WAT
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Nigeria's Portfolio Inflows Rise 14.4% to $6.03 Billion in Q1 2026
Nigeria recorded a sharp increase in portfolio investment inflows in the first quarter of 2026, with foreign investors bringing $6.03 billion into the country's markets.
Farm Produce Inflation Hits 21.99% in August, Highest Level in 2026
Farm produce inflation in Nigeria climbed to 21.99% in August 2026, marking its highest level so far this year.
UK Inflation Rises to 3.1% as Petrol and Diesel Prices Surge
The United Kingdom's inflation rate climbed to 3.1 percent in August 2026, up from 2.9 percent in July.
Meta Launches AI Subscription Plans as Tech Giant Expands AI Push
Meta has launched Meta One, a new subscription service giving users expanded access to AI tools across its apps.
All On Invests $5m in PowerGen to Expand Mini-Grids, Reach 41,000 Nigerians
Renewable energy investment firm All On has committed $5 million to PowerGen to expand mini-grid projects across Nigeria.
NGX Market Cap
₦158.4tn
▲ Financial & oil stocks lead
Naira / USD
₦1,329
Steady — 4th straight session
Headline Inflation
15.39%
▼ Eased from 15.43% in July
FX Reserves
$54.0bn
▲ 18-year high
Latest News
US Stock Futures Edge Higher as Investors Await Crucial Fed Rate Decision
U.S. stock futures moved modestly higher as investors turned their attention to the Federal Reserve's rate decision.
PenCom Extends Pension Verification Deadline to December
PenCom has extended the deadline for mandatory verification of eligible Federal Government workers.
Nigerian Banks Gain 68% but Still Trade at Discount to African Peers
Nigerian banking stocks have delivered a strong run in 2026, with the NGX Banking Index rising 67.96% year-to-date.
Dangote: Petrol Smuggling Keeps Nigeria's Fuel Prices High
Nigeria's high petrol prices are being linked to continued cross-border smuggling, Dangote Group says.
Nigeria's Forex Reserves Hit $54bn: What Is Driving the Surge?
Nigeria's foreign exchange reserves have climbed above $54 billion, giving the country a stronger external buffer.
Financial, Oil Stocks Lift NGX Market Capitalisation to N158.4tn
The Nigerian Exchange closed Tuesday's session on a strong note as buying interest in financial and oil stocks grew.
Naira Holds Near ₦1,329/$ for Four Straight Sessions
The naira has kept a remarkably narrow trading range, closing around ₦1,329/$ for four consecutive trading sessions.
Nigeria's Inflation Eases to 15.39% in August as Food Prices Slow
Nigeria's headline inflation rate eased slightly in August 2026, down from 15.43% in July, as food prices slowed.
AI Threat to Humanity Sparks Fresh Debate as Trump Dismisses Fears
Concerns over AI risk have intensified after a former Google DeepMind researcher warned of rapidly advancing systems.
Nigeria, Spain Move to Deepen Trade and Investment Ties
Nigeria and Spain are looking to strengthen economic ties, with Nigeria's Ambassador calling for closer cooperation.
T-Bill Demand Stays Strong as Investors Turn Cautious on Bonds
Nigeria's fixed-income market shows a clear shift, with strong T-bill demand contrasting growing caution on long bonds.
JPMorgan Relisting: FG Projects $17.5bn Inflow as Nigeria Returns to Bond Index
The Federal Government projects Nigeria's JPMorgan relisting could attract about $17.5bn into the debt market.
Nigeria's Bonny Light Surges Past $115 on Saudi Pipeline Disruption
Nigeria's Bonny Light crude has surged above $115 a barrel, extending a global oil price rally on heightened tensions.
Nigerian Stocks Gain N160 Billion as Nestlé, 19 Others Lift Cap
Nigerian equities started the week on a positive note, with market capitalisation rising N160bn on broad-based gains.
Call Masking Resurges in Telecom Sector as NCC Moves to Crack Down
Nigeria's telecom sector faces renewed concern over call masking, an illegal practice disguising international calls.
Aliko Dangote's Net Worth Surges to $51.3bn as Refinery IPO Boosts Wealth
Aliko Dangote's net worth has surged 63.37% to $51.3 billion following the launch of the refinery's IPO.