Markets
News from Nigeria's capital, currency, commodities, cryptocurrencies and money markets.
DMO allots N100 billion in June bond auction amid strong investor demand
The Debt Management Office (DMO) has announced the results of the June 2025 Federal Government of Nigeria (FGN) Bond Auction,...
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Five stocks hit daily gain limit as All-Share Index attains N74.8 trillion cap; FIDELITYBK leads volume
The Nigerian All-Share Index closed higher on Monday, June 23, rising by 441.43 points to settle at 118,579.65.
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Naira hits N1,600/$ as Israel-Iran ceasefire and oil price drop shake Nigerian economy
The naira traded around the N1,600/$ mark on Tuesday in the unofficial market and depreciated to N1,550/$ in the Nigerian...
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Analysts upgrade Dangote Cement’s 2025 sales forecast to N4.2 trillion, recommend target price for investors
Analysts at CardinalStone have revised their full-year 2025 revenue forecast for Dangote Cement to N4.2 trillion, a slight upgrade from...
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IMG Nigeria to raise N6.5 billion via Rights Issue, approves dividend for shareholders
Industrial & Medical Gases Nigeria Plc (IMG) has received shareholder approval to raise N6.5 billion through a rights issue, as...
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SEC tenure rule: Panic grips capital market operators
A new directive from the Securities and Exchange Commission (SEC) imposing tenure limits on directors of capital market operators has...
Read moreDetailsWeekly Market Wrap: SEPLAT, two other heavyweights soar as ASI rakes in 2,708 points; banking sector recovers
The Nigerian stock market closed the week ended June 20, 2025, solidly in the green, as the All-Share Index (ASI)...
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Naira falls N2,200 against British Pound Sterling
Recent price movements indicate that the Nigerian currency has remained in a consolidation phase in the unofficial market, fluctuating between...
Read moreDetailsExchange rate disparity returns as Naira appreciates to N1,545/$ officially, depreciates to N1,605/$ on parallel market
The exchange rate closed the week with a mixed performance, as the naira recorded a slight appreciation in the official...
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SEC warns Nigerians against unregistered trading platform CMTrading
The Securities and Exchange Commission (SEC) has issued a public warning against CMTrading, a cryptocurrency and commodities trading platform, over...
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