Section
Stocks, bonds, commodities and currencies
The naira held broadly steady around N1,370 to the dollar as stronger reserves, tighter policy and returning portfolio inflows kept the currency within a narrow range.
Turnover on the Nigerian Exchange rose to N158.29 billion in the first full trading week of October as investors repositioned ahead of third-quarter earnings.
Fitch Ratings has revised Nigeria's credit outlook to Positive from Stable, citing sustained reforms, disinflation and improved foreign reserves of $54.9 billion.
Dangote Petroleum Refinery has pushed the close of its $1.6 billion IPO to October 27, giving investors more time to subscribe to Africa's biggest listing.
Nigeria's equities market fell for a second straight session on October 13, with the All-Share Index slipping 0.09% as investors booked profits in large-cap stocks after a record run.
Airtel Money has debuted on the London Stock Exchange in one of the largest African listings in years, with a planned secondary listing in Lagos.
JPMorgan missed expectations as Goldman Sachs and Citigroup posted strong results in a mixed opening to the US bank earnings season.
The All-Share Index fell 0.97% in the week ended 9 October, while trading value increased despite a drop in share volume.
Lenders led a broad advance after a softer inflation print revived bets on a pause in the tightening cycle.
The gap between spot and forward rates has narrowed, easing one source of corporate uncertainty.
Investors piled into the long end, signalling confidence in the disinflation path.
Softer crude prices and maintenance downtime are expected to weigh on results.
The Session Is Far From Ordinary VFDGROUP's combination of a new 52-week high, exceptional turnover, record-level volume and a sharp...
The latest decline puts OANDO on course for a fifth consecutive losing session , extending a run that has taken the stock from ₦36.15 at...
Two Insiders, One Price The transactions were made at the same price, giving the combined acquisition an average price of N6.75 per...
A Major Shift in Trading Activity The 88.73 million shares traded represented about 184% above GTCO's 30-day average volume , based on...
At the same time, liquidity in the banking system has increased sharply, with estimates pointing to a potential rise toward ₦8.57tn this...
TRANSCOHOT Breaks Into New High as 4% Open Surge Draws Heavy Volume TRANSCOHOT pushed into fresh territory at the NGX open on Tuesday...
A Sharp Move From a Large-Cap Stock GTCO's early decline stands out because the stock had recently moved higher from ₦130, reaching ₦137...
NPFMCRFBK Rebounds 10% at NGX Open After Monday Sell-Off NPFMCRFBK staged one of the sharpest reversals at the NGX open, jumping 10% to...
UPL and CMFC Lead the Price Movers University Press led the gainers with a 9.89% increase to ₦5, narrowly ahead of CMFC, which rose...
The official NFEM rate moved only N1.5 against the naira, but the parallel-market rate weakened by N4 from the previous weekend and the...
A sustained run in financial-sector stocks lifted the value of the Nigerian Exchange to a record N164 trillion at the end of September, capping one of the strongest equity rallies in years.
Shareholders approved a final 70-kobo payment, taking the full-year distribution to N1 per share after an interim dividend.
The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.