Financial Advice

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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Nigeria’s FX Market Turnover Climbs to $2.84 Billion as Trading Activity Accelerates

Trading activity in Nigeria’s foreign exchange market strengthened significantly during the week ended June 26, 2026, with total market turnover rising to $2.84 billion, reflecting stronger participation across both the spot and derivatives segments. According to the latest weekly turnover report published by FMDQ Exchange, total FX market transactions increased by $512.37 million, representing a …

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NGX Sheds N11.6 Trillion in June as Market Rally Loses Momentum

Nigeria’s equities market is on track to record its first negative June performance in four years, following a sharp correction that has erased approximately N11.6 trillion in market capitalization during the month. The decline comes after an exceptional five-month rally that added nearly N60 trillion to the Nigerian Exchange (NGX), making the recent pullback one …

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5 NGX Stocks Analysts Favor for H2 2026

Five Stocks Positioned for Potential Growth in H2 2026 Following a strong rally that pushed the Nigerian equities market to record highs in the first five months of 2026, analysts continue to identify select stocks with attractive valuations and growth prospects despite the recent market pullback. The Nigerian Exchange (NGX) All-Share Index delivered gains of …

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Naira Gains Ground Against the British Pound

The Nigerian naira strengthened against the British pound during the first week of June, reflecting continued support from the Central Bank of Nigeria’s monetary and foreign exchange management measures. According to official market data, the naira closed at approximately ₦1,823 per pound sterling on June 5, improving from levels above ₦1,840/£ recorded at the beginning …

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How Economic Trends Shape Investment Portfolios  In An Uncertain World

Investment performance is never shaped in isolation. It is deeply influenced by the broader economic environment in which capital is deployed. Inflation, interest rate movements, currency fluctuations, and global economic cycles all interact to determine how portfolios behave over time and how investors should position themselves for both risk and return. In practice, economic trends …

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DPH CAPITAL MARKETS DIGEST (18th -22nd May 2026)

The NGX week of 18–22 May 2026 saw a notable shift in market character, with gains concentrated in small-to-mid cap transport,
publishing, and energy names, while the paints sector which had dominated the prior two weeks gave back significant ground. Associated
Bus Company PLC led the gainers at +44.82% to ₦9.08, followed by Academy Press (+29.79%) and University Press (+28.00%)
signalling a rotation into previously overlooked low-cap value names. Zichis Agro Allied Industries resumed its upward trend with a
+14.34% gain to ₦33.65, recovering from the prior week’s consolidation, while Oando PLC gained +11.70% to ₦52.50 as energy stocks
benefited from positioning ahead of the week’s oil price moves. On the decliners side, Sovereign Trust Insurance led losses at -22.45%,
while CAP PLC (-14.85% to ₦199.00) and Berger Paints (-12.64% to ₦147.60) experienced expected profit-taking after their
extraordinary multi-week rallies. Trans-Nationwide Express shed -18.98%.

DMO Opens N600 Billion FGN Bond Re-Opening Auction Amid Elevated Yield Environment

The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has opened a N600 billion bond re-opening auction scheduled for Monday, May 18, 2026, with yields reaching as high as 22.60%. The offering comprises two previously issued Federal Government bonds across the 10-year and 20-year tenor segments, reinforcing the government’s continued reliance …

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