Day: July 13, 2026

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

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