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Nigerian Exchange Group has been named Africa's Best Exchange at the Euromoney Markets Awards 2026, recognising its role in market infrastructure, digital innovation and capital formation during a period of strong equities growth.

Latest fundamental analysis projects the naira will remain around N1,290 to N1,370 per US dollar through October, with the CBN's reduced policy rate and seasonal import demand capping both appreciation and sharp depreciation.

Dollar trading in Nigeria's official foreign exchange market fell 22.23 per cent to $2.62 billion in the week ended October 16, with forward contracts plunging 81.14 per cent as spot activity also slowed.

The Lagos Commodities and Futures Exchange has obtained a licence from the Nigerian Midstream and Downstream Petroleum Regulatory Authority, positioning itself to bring greater price transparency to petroleum product trading.

Nigeria's imported food price growth slowed to 9.19 per cent year on year, the weakest pace in six months, as exchange rate stability and softer international food costs reduced pressure on imported staples.

Nigeria's naira opened the week around N1,331 per dollar, supported by foreign reserves that have climbed to about $58.81 billion — their highest level since November 2008.

Nigeria's main stock index fell for a third consecutive week, with banking shares driving an roughly N535 billion loss in market value as investors locked in profits and reassessed valuations.

Kenya's Court of Appeal has decided to fast-track the challenge to the nullified Sh204.3 billion sale of government Safaricom shares to Vodacom, preserving the status quo while about $1.557 billion in foreign exchange inflows hangs in the balance.

Wisdom Kwati Group has unveiled Vision 2036, a plan to grow consolidated revenue to $100 billion by 2036 and pursue listings on the NGX and London Stock Exchange in 2027, with its smart city subsidiary leading the capital raise.

Dangote Cement has appointed Goldman Sachs and UBS as bookrunners for a proposed $1 billion secondary share sale and listing in London, potentially as early November, with investor engagement beginning October 27.

Seventeen companies listed on the Nigerian Exchange have paid or proposed dividends totalling N1.13 trillion in the first half of 2026, underscoring the cash return profile of Nigeria's largest listed companies.

The IMF's October Sub-Saharan Africa update says subsidy and exchange rate reforms in Nigeria and Ethiopia helped the region absorb the oil shock, but reserves, aid and fiscal space leave little room for another hit.

Nigerian Exchange Group chief Temi Popoola says the Dangote Refinery IPO has revived private listing talks spanning energy, technology and state-owned companies, with decisions expected from 2027.

Finance Minister Taiwo Oyedele says there will be no return to fuel subsidies or multiple exchange rates, as Nigeria targets 7% growth above the IMF's 4.3% projection for 2027.

Aliko Dangote said 10% of the group's Ethiopian fertiliser business will list on the Ethiopian Securities Exchange, where it is building a $2.5 billion urea complex.

The All-Share Index edged up 0.01 per cent to 247,707.13 points for a second straight gain, but decliners outpaced gainers and the value of trades contracted sharply, leaving the rally resting on a narrow band of energy stocks.

The official NFEM rate firmed to N1,331.61 to the dollar while street quotes sat around N1,375 to N1,390, leaving a spread that has compressed sharply as reserves climb and central bank FX sales stay low.

The dollar index held near 102.07 and headed for its first weekly decline since mid-September as the 10-year Treasury yield fell about 15 basis points and the euro recovered from a 17-month low.

More stocks fell than rose across 17 African exchanges on Thursday, with Uganda leading index gains and Ghana the weakest, while attention shifted to Enoch Godongwana medium-term budget on 21 October and a possible R70 billion revenue windfall.

Africa's largest cement producer has appointed Goldman Sachs and UBS as bookrunners for a London secondary listing that could raise about $1 billion as early as November, with investor meetings due to begin on October 27 in London, South Africa and Dubai.

Ten leading stocks on the Nigerian Exchange account for N115.98 trillion, or about 71 per cent of the bourse's equity market value of around N160 trillion, underscoring high market concentration.

CBN Governor Olayemi Cardoso says the reforms that boosted diaspora remittances to nearly $1 billion monthly will be replicated to diversify foreign exchange earnings and reduce oil dependence.

The national oil company is tightening disclosure and oversight as it prepares a listing that could become one of the Nigerian Exchange's largest.

The Nigerian Exchange closed higher on Wednesday as late buying in banking and selected industrial counters lifted market value by N103.90 billion, ending two sessions of declines.

The Securities and Exchange Commission has warned that a lack of credible companies willing to list is limiting the depth of Nigeria's capital market.

KuCoin Nigeria has secured conditional approval-in-principle from the Securities and Exchange Commission to join its regulatory incubation programme.

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.

Nigeria's foreign direct investment fell 92% month-on-month to $11 million in September, highlighting the gap between hot portfolio money and long-term capital commitments.

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.

Nigerian fintech OPay has filed for an IPO on the New York Stock Exchange, targeting a valuation of about $4 billion and planning a secondary listing in Lagos.

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.