Naira Weakens to N1,349/$ as Dollar Slides Amid Iran Peace Talks Optimism
The Nigerian naira slipped further on Monday, trading at N1,349 to the US dollar, compared to N1,342.5 recorded at the close of trading on Friday, according to data from the…
European Stocks Edge Higher as U.S.-Iran Ceasefire Deadline Nears
European markets opened on a cautious but positive note on Tuesday, as investors closely tracked developments surrounding the fragile ceasefire between the United States and Iran. The pan-European Stoxx Europe…
FG Eyes $75m Investment in Flutterwave IPO to Boost Nigeria’s Tech Sector
Nigeria’s Federal Government is set to invest $75 million in Flutterwave’s planned $250 million initial public offering (IPO), marking a significant step in its push to strengthen the country’s technology…
Naira Strengthens to N1,348 Per Dollar Amid US–Iran Tensions and FX Market Pressure
The Nigerian naira continued its steady recovery on Monday, strengthening to N1,348 per US dollar in the official market amid renewed global uncertainty driven by rising tensions between the United…
European Markets Slide as Gulf Tensions Threaten Ceasefire Stability
European markets began the week on a cautious note, slipping into negative territory as renewed tensions in the Gulf region unsettled investors. The downturn follows weekend developments involving the United…
Nigerian Breweries Stock Rally Hits 135% as Recovery Plan Restores Investor Confidence
Nigerian Breweries Plc says its sharp share price rally is a clear sign that investors are regaining confidence in the company after a difficult financial period. The brewer’s Managing Director/CEO,…
Asia Markets Slip as Middle East Ceasefire Uncertainty Weighs on Investor Confidence
Asia-Pacific markets mostly closed lower on Friday, as cautious optimism surrounding a fragile Middle East ceasefire failed to fully reassure investors. The subdued performance stood in contrast to Wall Street’s…
SEC Sets N7.5bn Minimum Capital for Free Trade Zone Listings in Nigeria’s Capital Market
The Securities and Exchange Commission (SEC) has proposed a new minimum paid-up share capital of N7.5 billion for Free Trade Zone Entities (FTZEs) seeking to raise funds through Nigeria’s capital…
European Stocks Rise as UK GDP Surges and Iran Peace Talks Lift Market Sentiment
European stocks rose modestly on Thursday as investors reacted to stronger-than-expected UK economic growth and growing optimism around diplomatic efforts linked to Iran peace negotiations. The positive tone in global…
Naira strengthens to N1,341.99/$, hits two-month high amid improved market sentiment
The naira continued its upward movement on Wednesday, closing at N1,341.99/$ at the official foreign exchange market—its strongest level since February 18, 2026. Data from the Central Bank of Nigeria…
Seplat, Stanbic, Lafarge Drive N883bn Nigerian Stock Market Rally as NGX Hits New High
The Nigerian Exchange (NGX) extended its bullish momentum on Tuesday as investor confidence pushed the market to a fresh milestone. The total market capitalisation jumped by N883bn, closing at N132.492tn,…
European Stocks Mixed as Iran Conflict Uncertainty Weighs on Markets and Luxury Shares Slide
European equities opened in mixed territory on Wednesday as investors weighed rising geopolitical uncertainty linked to the ongoing U.S.–Iran conflict and its potential impact on global oil supply and economic…
NGX Market Capitalisation Rises by N443 Billion as 31 Stocks Drive Broad Market Gains
The Nigerian stock market opened the week on a positive note as the Nigerian Exchange Limited (NGX) recorded a strong rebound, with market capitalisation jumping by N443 billion. The rally…
European Markets Rise on Iran Peace Talks Hopes Amid Oil Volatility
European stock markets opened higher on Tuesday, buoyed by renewed optimism that diplomatic talks between the United States and Iran could resume despite escalating tensions in the Middle East. Investors…
Nigerian Stock Market Gains N1.36 Trillion as Equities Rally Continues on Banking and Consumer Stocks
The Nigerian equities market extended its bullish run last week, delivering a strong performance that lifted investors’ wealth by N1.36 trillion. The rally was largely driven by sustained bargain hunting…
European Markets Fall as Middle East Tensions Spike, Travel Stocks Hit Hard
European markets began the week on a cautious note, slipping into negative territory as investors reacted to renewed geopolitical tensions in the Middle East. The pan-European STOXX Europe 600 dropped…
FTSE Upgrade Drives N1.36 Trillion Stock Market Surge in Nigeria
Nigeria’s equities market witnessed a dramatic surge, adding N1.36 trillion in just 72 hours after FTSE Russell upgraded the country from “Unclassified” to “Frontier Market” status. The move quickly reignited…
Dollar Falters as US–Iran Ceasefire Uncertainty Rattles Global Markets
The US dollar struggled to regain stability on Thursday as global investors reacted cautiously to uncertainty surrounding the fragile ceasefire between the United States and Iran. After recording broad losses…
GTCO, Aradel Lead Value Trades as NGX All-Share Index Breaks 203,000 Milestone
The Nigerian equities market extended its bullish run on April 9, 2026, as the All-Share Index climbed 0.28% to close at a historic 203,161.8 points, officially breaking above the 203,000…
Naira vs Pound Stability at N1,862 Signals Market Calm in Nigeria FX Market
The Nigerian naira showed relative stability against the British pound sterling, closing at N1,862/£1 in the official foreign exchange market on Thursday, April 9, 2026. Despite fluctuations in global currency…
Top 10 Equity Mutual Funds in Nigeria by YTD Returns (March 2026) – ARM Fund Leads with 108% Growth
Nigeria’s equity mutual funds are gaining renewed attention as investors increasingly look beyond low-risk instruments in search of higher returns. Despite their volatility, these funds are becoming more attractive, particularly…
Treasury Bills Boost Interest Income for Nigerian Banks by 43% in 2025
Zenith Bank, GTCO, and FirstHoldCo collectively earned N2.85 trillion from Treasury bills in 2025, reflecting a sharp 43.03% increase from N1.99 trillion in 2024. This surge highlights a growing reliance…
Naira Drops to N1,389/$ as Nigeria’s External Reserves Fall by $850 Million
Nigeria’s Naira weakened to N1,389 per dollar, reflecting growing pressure on the local currency as the country’s external reserves fell by approximately $850 million within three weeks, according to data…
European Stocks Surge 4% on U.S.-Iran Ceasefire Deal as Travel Shares Jump
European markets rallied strongly on Wednesday, with stocks surging nearly 4% after news of a conditional ceasefire agreement between the United States and Iran lifted global investor sentiment. The pan-European…
Nigeria Regains Frontier Market Status, Boosting Investor Confidence and Stock Market Outlook
Nigeria has officially regained its Frontier Market status, marking a significant turnaround for the country’s capital market and restoring global investor confidence. The upgrade was announced by FTSE Russell in…
Treasury Yields Steady After Strong U.S. Jobs Report as Middle East Tensions Cloud Outlook
U.S. Treasury yields held steady on Monday as investors weighed a surprisingly strong March jobs report against rising geopolitical tensions in the Middle East. The calm in the bond market…
Asia-Pacific Markets Plunge as Oil Surges After Trump’s Iran War Speech
Asia-Pacific markets experienced sharp losses on Thursday, reversing earlier gains, as oil prices surged following a high-stakes address from U.S. President Donald Trump on the Iran conflict. Major indexes across…
MTN Ghana Gains as Banking Stocks Drag GSE Lower in Quarter-End Trading
The Ghana Stock Exchange (GSE) ended the first quarter of 2026 on a weaker note, as losses in banking stocks outweighed gains in the telecommunications sector. The benchmark GSE Composite…
DMO Hikes FGN Bond Yields, Slashes Allotment to N485.50 Billion Amid Strong Investor Demand
The Debt Management Office (DMO) has increased borrowing costs at its latest Federal Government of Nigeria (FGN) bond auction, conducted on Monday, March 30, while sharply reducing allotments to N485.50…
NGX Sanctions Five Stockbrokers for Market Manipulation, Imposes N291m Fines
Nigeria’s capital market regulator, the Nigerian Exchange Limited (NGX), has sanctioned five stockbroking firms for engaging in market manipulation, imposing a total fine of N291.29 million alongside corrective measures aimed…