Month: July 2026

MARKET OVERVIEW & WEEKLY COMMENTARY: 13th–17th JULY 2026

The NGX recorded one of its strongest weeks in recent months, driven by a broad-based rally in large-cap banking stocks as investors rotated aggressively into financial names. First HoldCo PLC led the market with an exceptional +38.66% gain to ₦95.95, marking one of the strongest single-week performances by a major banking stock in recent history. …

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DMO to Raise N1.2 Trillion Through Reopening of Three FGN Bonds in July Auction

The Debt Management Office (DMO) has announced plans to raise up to N1.2 trillion through the reopening of three Federal Government of Nigeria (FGN) bond instruments as part of its domestic borrowing programme. Details of the offer were contained in an Offer Circular released on July 14, 2026, with the bond auction scheduled for July …

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Nigeria’s FX Market Activity Drops Sharply as Weekly Turnover Falls to $1.63 Billion

Nigeria’s foreign exchange market experienced a significant slowdown during the week ended July 10, 2026, with total turnover across the FX Spot and Derivatives segments declining by 46.57% to $1.631 billion from $3.053 billion recorded in the previous week. The decline represents a reduction of approximately $1.42 billion in weekly transaction value and marks the …

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CBN T-Bill Auction Sees Strong Demand for One-Year Instruments

The Central Bank of Nigeria’s Treasury Bills auction held on July 8, 2026, revealed sustained investor preference for longer-term government securities as participants sought to secure higher yields amid elevated interest rates. Although the apex bank offered a total of ₦700 billion across the 91-day, 182-day, and 364-day maturities, total allotments reached approximately ₦1.06 trillion …

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MARKET OVERVIEW & WEEKLY COMMENTARY: 6th–10th JULY 2026

The NGX week of 6–10 July 2026 marked a meaningful recovery across a broad range of sectors, with the gainers table showing the
strongest collective performance in several weeks. International Breweries PLC led all movers with a +40.00% surge to ₦13.30 one of
the largest single-week gains for a consumer beverages stock this year followed by RT Briscoe (+32.02%), Livestock Feeds (+28.47%),
and First HoldCo (+25.82% to ₦69.20). Crucially, Aradel Holdings PLC rebounded powerfully with a +19.67% gain to ₦1,526.80 after
last week’s -19.00% decline, confirming that the energy sector is tracking the oil price recovery in near real-time. Abbey Mortgage Bank
(+23.65%), UPDC REIT (+22.41%), Honeywell Flour Mill (+21.43%), FTN Cocoa (+21.13%), and C&I Leasing (+19.63%) rounded out
a week of broad-based recovery across consumer, financial, real estate, and industrial names. On the decliners side, McNichols PLC
reversed its prior-week gains with a -28.57% drop to ₦5.00, while Geregu Power shed -10.00% to ₦825.70, CAP PLC continued its
extended retracement at -9.99% to ₦157.60, and Guinness Nigeria declined -9.99% to ₦329.00. Ecobank Transnational (-9.98%) and
Mecure Industries (-9.96%) also featured

MARKET OVERVIEW & WEEKLY COMMENTARY: WEEK OF 29th JUNE – 3rd JULY 2026

The NGX week of 29 June 3 July 2026 delivered a selective recovery with divergent fortunes across sectors. Airtel Africa PLC dominated the gainers board with a +21.00% surge to ₦5,274.00 the largest single-week gain recorded in this digest for a large-cap name reflecting institutional accumulation in USD-earning, pan-African telecoms names that serve as a Naira depreciation hedge. Regency Assurance PLC rebounded +20.25% to ₦0.95, partially reversing its prior-week -18.56% collapse. UPDC PLC recovered +12.31% to ₦3.65 following its -14.47% prior-week decline. On the decliners side, International Energy Insurance PLC fell -18.83% to ₦4.70, while McNichols PLC reversed its +26.47% prior-week surge with a -18.60% decline to ₦7.00 a textbook mean-reversion pattern. NEM Insurance shed -12.07% and Universal Insurance -12.87%, confirming the insurance sector’s continued two-way volatility.

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