By OBI DAVIES Nigeria’s Stock Market Gets Fresh Global Vote of Confidence NIGERIA’S equities market has received a major boost after global index provider FTSE Russell confirmed the country’s return to its Frontier Market classification. The announcement has already reverberated across the Nigerian Exchange (NGX), where investors responded with renewed buying interest after an extended […]
S&P Watchlist Inclusion Signals Renewed International Confidence in Nigeria’s Capital Market Nigeria Moves Closer to Global Market Recognition NIGERIA has received a major boost in its quest to restore international investor confidence after S&P Dow Jones Indices included the country’s capital market on its 2027 Country Classification Watchlist for possible promotion to Frontier Market status. […]
Bearish Sentiment Returns to Nigerian Exchange AFTER weeks of impressive gains, the Nigerian stock market experienced a sharp reversal as investors collectively lost ₦2.341 trillion following widespread selling across several major listed companies. The session marked another extension of the market’s recent losing streak, with declining prices among blue-chip and mid-tier stocks outweighing gains recorded […]
Massive Demand Greets Federal Government Debt Offer NIGERIA’S fixed-income market recorded another major milestone as investors subscribed approximately ₦1.86 trillion to a ₦1 trillion Treasury Bills auction offered by the Federal Government through the Central Bank of Nigeria. The auction outcome reflects strong investor confidence in government securities and highlights the growing attractiveness of fixed-income […]
Political Cash Flood Looms as 2027 Race Heats Up A Familiar Economic Cycle Re-emerges AS Nigeria moves toward the 2027 elections, economists are warning of a recurring but dangerous pattern: a surge in political spending that could inject excess liquidity into the economy and strain recent macroeconomic gains. While election periods often stimulate short-term commercial […]
Concerns Grow Over Use of Unclaimed Funds STAKEHOLDERS in Nigeria’s capital market have warned that government borrowing from unclaimed dividends and dormant account balances could weaken investor confidence and discourage broader market participation. The concern follows renewed attention on the use of funds held under the Unclaimed Funds Trust Fund, where idle private assets can […]
Reserves Outlook Signals Emerging Pressure NIGERIA’S external reserves are projected to decline to $47 billion by the end of 2026, according to global rating agency Fitch Ratings, despite ongoing economic reforms aimed at stabilising the country’s foreign exchange market. The projection comes at a time when Nigeria has recorded notable improvements in its reserves position, […]
Nigerian Stocks Slip Slightly Amid Profit-Taking THE Nigerian equities market closed marginally lower on Thursday, shedding about ₦3 billion in market capitalisation as investors engaged in mild profit-taking across selected stocks. At the close of trading, market capitalisation declined by 0.002 per cent to ₦129.806 trillion, down from ₦129.809 trillion recorded at the previous session. […]
By OBIOMA TORI THE naira recorded a slight depreciation in the official foreign exchange market on Monday, closing at ₦1,353.5 per dollar, according to data published by the Central Bank of Nigeria (CBN). The local currency weakened from ₦1,348/$ recorded last Friday, reflecting mild pressure in the Nigerian Foreign Exchange Market (NFEM). The movement comes […]
Innovation Meets Accountability AS Artificial Intelligence continues to reshape financial systems globally, the Chairman of Nigerian Exchange Group, Dr Umaru Kwairanga, has warned that Nigeria must prioritise governance or risk losing investor confidence. Delivering the opening address at the InnovateAI Conference Lagos 2026, Kwairanga argued that capital markets reward predictability and penalise uncertainty. “Capital flows […]