Money Market News
NGX All-Share Index Rebounds 6.92% in July as Two Stocks Surge Over 100%
The Nigerian equities market staged a strong recovery in July 2026, with the NGX All-Share Index rising 6.92% month-on-month to...
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NGX Loses N1.005 Trillion in Single Session as Two-Day Sell-Off Hits N1.65 Trillion
The Nigerian equities market suffered another heavy blow on Thursday, July 30, 2026, shedding N1.005 trillion in market capitalisation and...
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Nigeria’s FX Market Hits Record $4.4 Billion Weekly Turnover
Nigeria’s foreign exchange market recorded its highest weekly turnover of 2026, with total transactions in the FX Spot and Derivatives...
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Naira Strengthens as FX Turnover Hits Record $1.5 Billion in a Single Day
The Nigerian naira posted gains against the US dollar on Tuesday, July 21, 2026, as the foreign exchange market recorded...
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Naira Strengthens to N1,375/$ in Official Market Amid Improved Trading Conditions
The naira appreciated against the US dollar on Tuesday, July 21, 2026, closing at N1,375.3083 per dollar in the official...
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CBN Repays N2.97 Trillion in Maturing OMO Bills After Raising N2.54 Trillion in Fresh Auction
The Central Bank of Nigeria (CBN) repaid N2.97 trillion in Open Market Operations (OMO) bills that matured on Tuesday, July...
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NGX Rebounds with N719 Billion Gain as FirstHoldCo and MTN Nigeria Spark Recovery
The Nigerian equities market reversed two consecutive sessions of losses on Tuesday, adding N719 billion to total market capitalisation as...
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Naira Remains Steady at N1,382/$ in Official Market While Parallel Rate Gap Widens
The Nigerian naira traded with little movement in the official foreign exchange market on Monday, closing at N1,382.33 per US...
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31 Nigerian States Grapple with N2.57 Trillion Domestic Debt Amid No Foreign Inflows
Seplat Agrees to Sell 10% Stake in NNPC Joint Venture for $281.6 Million
Naira Slumps to N640/$1 in the Parallel Market as Excess Demand Weighs on Supply
Elon Musk Withdraws Lawsuit Against OpenAI and Sam Altman
Nigeria’s Exports to US Drop by N366bn in Q1 as Imports from America Surge
