Currency Outside Banks Falls to N4.8tn in July, Lowest in Eight Months
Currency outside Nigerian banks fell to N4.8 trillion in July 2026, its lowest level in eight months, as cash held…
Category: Finance
SEC Proposes N3bn Minimum Capital for Forex Brokers, N5bn for Trading Platforms
The Securities and Exchange Commission (SEC) has proposed sweeping new rules for Nigeria’s online forex and Contracts for Difference (CFD)…
SEC Proposes N5bn Capital Requirement, Tightens Rules for Online Forex Trading
The Securities and Exchange Commission (SEC) has proposed tougher rules for online forex and contracts for difference (CFD) trading in…
Hedge Funds Flood CBN OMO Bills as Effective Yields Top 21%
Hedge funds and other yield-hungry investors are piling into Central Bank of Nigeria (CBN) Open Market Operations (OMO) bills, attracted…
CBN Targets N700bn From September Treasury Bills Auction
The Central Bank of Nigeria is set to return to the domestic debt market on Wednesday, September 2, with a…
Nigeria’s FX Spot Market Hits Record $5.01bn as Weekly Turnover Surges 155%
Nigeria’s foreign exchange market has recorded a major surge in activity, with the Nigeria FX spot market crossing the $5bn…
Pension Inflows Rise 42% to N147m, But 200,505 Accounts Remain Dormant
Pension inflows in Nigeria recorded a strong increase in the first quarter of 2026, with quarterly contributions under the Personal…
PenCom: 91.4% of Nigeria’s Personal Pension Accounts Remain Unfunded
A large majority of Nigeria’s Personal Pension Plan (PPP) accounts are still sitting without contributions, highlighting a major gap between…
CBN Focuses on Macro Stability as High Rates Attract Foreign Investors
Nigeria’s monetary policy is being driven more by the need to protect macroeconomic stability than by efforts to attract foreign…
22% of NGX equity transaction volume executed via mobile trading platform
Mobile trading is changing the way Nigerians participate in the stock market, with Bamboo accounting for about 22 per cent…
Nigerian Stock Market Loses N260 Billion as Sell-Off Enters 11th Straight Session
The Nigerian equities market extended its losing streak on Wednesday, August 26, with investors continuing to sell off stocks across…
Fixed-Income Trades Surge To N10.5trn As Investors Chase Higher Yields
Nigeria’s fixed-income market recorded a sharp increase in trading activity last week, with transactions climbing to N10.51 trillion as investors…
CBN Offers N700bn Treasury Bills as Investors Watch Interest Rates
The Central Bank of Nigeria (CBN) is set to offer N700 billion in Treasury Bills today, August 26, 2026, in…
FX Turnover Surges 146% to $5.05bn as Nigeria’s Forex Market Sees Stronger Activity
Nigeria’s foreign exchange market recorded a major jump in activity as total FX turnover surged by 146.12 per cent to…
SEC Proposes N10m Cap on Retail Investors’ Digital Asset Exposure
Nigeria’s Securities and Exchange Commission (SEC) is considering tighter limits on how much retail investors can put into digital assets,…
NGX Sell-Off Wipes Out N5.9tn as BUA Foods, MTN Nigeria Take Biggest Hit
The Nigerian equities market has suffered a sharp two-week sell-off, wiping approximately N5.9 trillion off its market capitalisation as investors…
US Bond Yields Hit 20-Year High, Putting Naira and Nigerian Stocks Under Pressure
US bond yields have climbed to their highest level in nearly two decades, raising fresh concerns for emerging markets such…
NGX Loses N544.5bn as First HoldCo, Fidelity Bank Drive Six-Day Market Slide
Nigeria’s equities market extended its losing streak on Tuesday, August 18, 2026, as investors continued to lock in profits from…
DMO Allots N1.56 Trillion in FGN Bonds as Investor Demand Reaches N1.73 Trillion
Nigeria’s Debt Management Office (DMO) has allotted a combined N1.56 trillion in Federal Government of Nigeria (FGN) bonds after investors…
Otedola Boosts First HoldCo Stake With Fresh N20.7bn Share Purchase
Femi Otedola, Chairman of First HoldCo Plc, has further increased his stake in the financial services group after purchasing shares…
Nigeria’s Net FX Flow Drops 29% to $4.94 Billion in March 2026
Nigeria’s net foreign exchange (FX) flow fell sharply to $4.94 billion in March 2026, representing a 29% decline from the…
Nigerian Stocks Enter Healthy Correction as Investors Hunt for Bargains
Nigerian stocks are undergoing a period of market correction as investors take profits after a strong year-to-date rally, with analysts…
Dangote Refinery Puts Foreign Listing on Hold as $5 Billion Nigerian IPO Takes Centre Stage
Dangote Petroleum Refinery has ruled out pursuing an overseas stock market listing for at least the next three years, choosing…
Pound Holds at N1,837 as Naira Stability Faces Global Currency Pressure
The British pound held around N1,837 against the naira as the Nigerian currency maintained its relative stability despite growing pressure…
DMO Raises N5.86 Billion From August Savings Bond Auction as Investor Demand Shifts
The Debt Management Office (DMO) has raised N5.86 billion through the Federal Government of Nigeria Savings Bond (FGNSB) in its…
NGX Sheds N613bn as Bearish Momentum Continues
The Nigerian Exchange Limited (NGX) extended its recent losing streak on Thursday as continued selling pressure pushed the market lower,…
SEC orders freeze of assets linked to six alleged terrorist financiers, three BDCs
The Securities and Exchange Commission (SEC) has ordered capital market operators across Nigeria to immediately freeze funds, assets and other…
DMO to Auction N425bn FGN Bonds as Investors Eye August 17 Offer
The Debt Management Office (DMO) is set to offer N425 billion worth of Federal Government of Nigeria (FGN) bonds to…
Consumer Goods Selloff Wipes N1.76 Trillion From NGX as Investors Lock in Gains
The Nigerian Exchange (NGX) extended its losing streak on Wednesday, August 12, 2026, as a sharp selloff in consumer goods…
SEC Sets 5pm T+1 Settlement Deadline for Equities, Commodities Trades
The Securities and Exchange Commission has set 5:00 p.m. on the first business day after a transaction (T+1) as the…