By FIDELUS ZWANSON NIGERIA’S foreign reserves rose sharply to $44.7 billion in November 2025, marking one of the strongest external buffer positions in recent years. Yet despite the impressive accretion, the naira still faced seasonal pressure, sliding by 1.8% in the official market to close at ₦1,446.7/$. Economists attribute the weakness to the usual year-end […]
By FIDELUS ZWANSON THE Nigerian stock market opened the week on a negative note as investors booked profits in key stocks, causing a ₦1.17 trillion decline in market capitalisation to ₦92.33 trillion. The All-Share Index also fell by 0.26% to 145,159.77. Despite the downturn, market breadth was positive with 28 gainers and 24 losers. Sovereign […]
By NINI NDUONOFIT-AKOH AS global oil prices continue to slide, now hovering around $64 per barrel, Nigeria’s economy faces mounting pressure due to its heavy dependence on crude exports. The Central Bank of Nigeria (CBN), under the leadership of Governor Olayemi Cardoso, has proactively introduced a series of measures aimed at cushioning the economy, maintaining […]
By FIDELUS ZWANSON NIGERIA’S stock market slumped 1.19 percent on Wednesday — its steepest drop this month — as investors reacted to U.S. President Donald Trump’s threat to “enter Nigeria” to combat terrorists allegedly targeting Christians. The selloff wiped about ₦1.3 trillion from equities, extending a three-day loss to over ₦2.1 trillion. The NGX All-Share […]
By FIDELUS ZWANSON THE Nigerian stock market continued its downward slide on Tuesday, as sustained sell pressure erased ₦612 billion from investors’ wealth. Data from the Nigerian Exchange Limited (NGX) showed that the market capitalisation fell from ₦97.582 trillion on Monday to ₦96.970 trillion, while the All-Share Index (ASI) declined by 1,109.50 points, or 0.72 […]
By FIDELUS ZWANSON NIGERIA’S foreign exchange market showed signs of resilience in September as foreign investments helped stabilise the naira amid a sharp drop in domestic dollar supply from the Central Bank of Nigeria (CBN) and major corporates. Data from FMDQ Exchange revealed that total FX inflows declined by 6% month-on-month to $3.2 billion, extending […]
By OBI DAVIES THE Nigerian stock market rose 4.5% last week, buoyed by strong buying interest in industrial goods and oil & gas stocks, pushing the year-to-date return to 51.2%. Analysts expect market activity to intensify as the earnings season unfolds, with investor sentiment likely driven by nine-month earnings reports and dividend declarations. According to […]
By FIDELUS ZWANSON EMERGING markets may have weathered one storm—but another, more subtle tempest is forming on the horizon. According to Fitch Ratings, issuers across emerging economies face rising macro risks in 2026, as growth slows, trade tensions escalate and liquidity conditions tighten. Fitch Ratings+1 Growth Losing Steam Fitch now projects global emerging-market GDP to […]
By NINI NDUONOFIT-AKOH THE foreign exchange (FX) market — the world’s largest and most liquid financial arena — is once again at the heart of global economic tension. With an astonishing $10 trillion traded daily, it is the invisible network that keeps international trade and finance alive. Yet, as the global economy grapples with persistent […]
By FIDELUS ZWANSON THE Nigerian stock market ended its 12-day winning streak on Tuesday, recording a modest loss as investors booked profits. Market capitalisation fell by ₦4 billion to ₦93.756 trillion, while the All-Share Index slipped by 6.27 points to 147,710.96. The downturn was driven by selloffs in Austin Laz, Deap Capital, Fidson, Caverton, and […]