Month: March 2026

Naira Drops to N1,378 as FX Payments Eclipse Supply The naira’s purchasing power dropped sharply at the official window as foreign payments initiated exceeded the US dollar liquidity at the…

Equities Investors Gain N1.7trn as Dangote, MTN Rally Equities investors in the Nigerian stock market gained N1.7 trillion on Monday as Dangote Cement, MTN Nigeria and Aradel Holdings led today’s…

Money Market Rates Fall on Excess Liquidity, MPR Cut Money market rates declined moderately, driven by an excess of liquidity in the financial system following a cut in Nigeria’s monetary…

Nigeria’s Bond Yield Falls on Growing Investors’ Confidence The average yield on Federal Government of Nigeria (FGN) bond dipped to 15.4% in the secondary market, as investors actively seek real…

Nigeria Seals $1.3bn Alumina Refinery Deal with AFC The Federal Government of Nigeria and the Africa Finance Corporation (AFC) have signed an investment partnership to jointly fund three projects, including…

MTN Nigeria Sheds N420bn as Investors Take Profit Telecom company MTN Nigeria Plc dipped by about N420 billion as investors took profit following the earnings and dividends announcement last week.…

CBN to Open Treasury Bills for Subscription as N799bn Mature The Central Bank of Nigeria (CBN) is poised to open Treasury bills for subscription at the primary market auction on…

X-Compliance Report Exposes Liquidity Risks in Nigeria’s Equity Market The latest X-Compliance Report released by the Nigerian Exchange Group (NGX Group) points to a deeper structural liquidity challenge in Nigeria’s…

OMO Bill Yield Increases as Investors Trim Holdings The average yield on Nigerian OMO bills climbed to 21.1% in the secondary market, reflecting investors’ measured decisions to adjust their holdings…

XRP Gains 5.6% as Investors Rotate Fund to Altcoin Ripple -XRP- has recovered 5.59% in the last 24 hours to $1.37 after a heated selloff that plunged the altcoin to…