Naira

Financial System Flush with Cash as N4.7trn Surplus Keeps Rates Stable The financial system was flush with cash, strong enough to keep money market rates stable, supported by FAAC disbursements to states and inflows from matured Treasury and OMO bills. The strong liquidity profile offset pressures from primary market auction settlements. With about N4.7 trillion […]

DMO to Open N1.2 Trillion FGN Bonds for Subscription The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), is scheduled to conduct a bond auction on Monday, offering a total of N1.20 trillion across three re-opened maturities. The offer size is unchanged from June, according to a circular obtained from the authority, […]

Nigeria Inflation Eases but Rising Food Costs Put Markets on Alert Nigeria’s inflation rate moderated slightly in June, marking its first decline in three months and offering tentative evidence that broader price pressures may be easing. Headline inflation edged lower to 15.91% from 15.93% in May, while core inflation recorded a more pronounced decline of […]

TIP’s Robust Fundamentals Support Long-Term Investment Case The Initiates Plc (TIP) closed trading at N30.00 on Friday, remaining slightly below its 50-day moving average of N30.76, a technical indicator suggesting that the stock is currently in a period of consolidation following a strong rally. Although the share price remains below its short-term trend benchmark, the […]

Market Correction: BUA Cement Dips 40% Below 52-Week High BUA Cement Plc lost 19% of its market value in the stock market due to deteriorated investors’ sentiment ahead of the earnings release for the first half of 2026. The weekly loss extends the cement company’s market correction, bringing it down by 40% from its highest […]

Sterling Holdings Tops N527bn on Additional Shares Listing A soft weekly price gain and the listing of new shares lifted Sterling Financial Holdings’ stock market valuation to N527.434 billion, according to trading data from the Nigerian Exchange. Sterling surged ahead of the earnings release, with increased positioning suggesting improved investor sentiment in anticipation of the […]

Price Surge: Pi Gains 10.5% Ahead of Protocol v25 Upgrade Pi Network surges by 10.5% in 24 hours to $0.09344, significantly outperforming a broadly flat crypto market, driven primarily by speculative buying interest ahead of the upgrade. The Pi Core Team has officially scheduled the Protocol v25 upgrade for July 22, 2026, a significant technical […]