63 results for “market”
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.
The IMF's October Regional Economic Outlook upgraded Sub-Saharan Africa's 2026 growth forecast to 4.5% while warning that bilateral aid will fall another 12% after dropping about a quarter in 2025.
Guinea Insurance shares have risen 42.86 per cent in October 2026, breaking eight months of declines, as the company's recapitalisation and fresh capital raise investor interest despite a wider H1 loss.
Worldwide PC shipments dropped 20.1 per cent in the third quarter of 2026, IDC says, the sharpest third-quarter fall on record, leaving Nigeria's imported laptop market exposed to higher prices.
Gabon sold $580 million of eight-year Eurobonds on 14 October with a 9.375 per cent coupon, drawing close to $1 billion in orders and trimming its risk premium despite higher US rates.
The Debt Management Office has offered N1.75 trillion in FGN bonds for subscription ahead of Monday's auction, with three tranches across 2034, 2036 and 2038 and settlement set for 21 October 2026.
Bullion climbed to about $4,145 an ounce on central-bank buying and rate-cut bets, diverging from crude in a market that is hedging rather than celebrating.
Nigeria's monetary framework has delivered stability; converting it into durable growth is a harder, longer project that asks as much of fiscal policy and the market as of the central bank.
Banks, fintechs and insurers are now the biggest source of dollar demand, underscoring how Nigeria's FX market is being reshaped by a deeper financial system.
Brent slipped toward $104 and WTI to about $94 as supply-route fears eased, a move with direct consequences for Nigeria's budget and FX earnings.
The naira strengthened at the official window while holding near N1,358 in the parallel market as traders positioned for the September inflation release.
Lower intervention reflects a calmer currency market and record reserves, but analysts caution it may also signal compressed import demand rather than a self-sustaining market.
The Egg Sellers and Distributors Association of Nigeria unveils EggHome to link egg producers directly with consumers and ease recurring market gluts.
US consumer prices rose 3.7 per cent year on year in September, above expectations, jolting global markets and lifting bets that the Federal Reserve may raise rates.
The Debt Management Office raised N450 billion at its treasury bills auction on Wednesday, leaning on the 364-day tenor as the market's primary pipeline climbed above N3 trillion.
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.
South Africa's Allan Gray is favouring Nigerian equities over South Korea's Kospi, arguing Nigeria's rally is broad-based while the Kospi is narrowly concentrated.
Brent crude rose to about $107 a barrel as Middle East attacks threatened supply through the Strait of Hormuz, a windfall and a cost for Nigeria.
Nigeria's stock market has surged about 66% this year on domestic money alone, raising the question of how durable a rally can be without foreign investors.
Multi-Trex Integrated Foods shares have risen 17.95% since the NGX lifted an eight-year trading suspension, even as the cocoa processor remains loss-making.
Nigeria's 36 states and the FCT collected N2.64 trillion in PAYE taxes in 2025, a 40.3% rise, as personal income tax dominated sub-national revenue.
Nigeria's banking system is expected to absorb about N13.25 trillion in liquidity inflows in October, the FMDA estimates, as the CBN manages excess cash.
The Debt Management Office plans to raise N5.75 trillion through FGN bond auctions in October, November and December, as domestic borrowing rises.
The NGX All-Share Index fell 0.09% to 247,513.63 as profit-taking in heavyweight stocks wiped N144.54 billion off market capitalisation.
Nigeria-founded fintech Yellow Card has launched in Canada weeks after closing a $40 million funding round, as it pivots from consumer crypto trading to business-to-business stablecoin payments across emerging markets.
Foreign capital importation into Nigeria rose by more than 83 percent year-on-year in the first quarter of 2026, led by portfolio investments as global investors returned to the country's money and bond markets.
Nigeria's pension fund assets have grown beyond N31 trillion and now cover more than 11 million retirement savings account holders, with the regulator pushing to channel more of the money into infrastructure and the capital market.
The initial public offering of Dangote Petroleum Refinery and Petrochemicals was scheduled to close on October 13, 2026, a landmark test of whether Nigerian retail investors will buy into the country's biggest company.
The SEC warned that Wayvepay is not registered to operate in the capital market, after the platform said it would offer access to the Dangote Refinery IPO.
NNPC Limited has cut petrol pump prices at its retail stations, joining a downstream price war that is easing costs for motorists but squeezing marketers.
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.
The Central Bank of Nigeria is mopping up excess cash to keep money-market conditions tight, supporting the naira and inflation but keeping borrowing costs elevated.
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.
Independent marketers are pressing for an extension of the 30-day petrol discount, warning of fresh price increases when the window lapses.
The US banking giant plans to establish a merchant bank in Nigeria before the end of 2026 and has added the country to a new emerging-market bond index, in twin votes of confidence for the capital market.
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 oversubscribed fifth fund lifts the co-investment platform's assets above $850 million and expands its exposure to emerging-market technology companies.
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.
Better verification could finally make small-ticket lending economic at scale.
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...
Nigeria has a large agricultural market and significant production potential, but gaps in processing, technology, productivity and...
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.
Gross premium written rose 47.3 percent in 2025, while low retention in specialist risks showed why the industry's new capital rules matter.
The secured overnight reference rate is intended to improve pricing transparency and give financial contracts a more reliable base rate.