News Update

Best Performing NGX Stocks (Feb 2026)

February 2026 delivered the NGX’s strongest monthly gain since the 35.28% rally of January 2024, with the All-Share Index surging
+16.60% to close at 192,826.77 pts. Market capitalisation rose from ₦106.15T to ₦123.76T creating over ₦17.6 trillion in investor
wealth. A total of 85 equities gained versus only 34 decliners, reflecting overwhelmingly positive market breadth driven by strong FY2025
earnings, naira stabilisation at ~₦1,390/$, CBN reserves at a 13-year high of $49 billion, and the CBN’s April 2026 banking recapitalisation
deadline.

Nigeria Secures Strategic European Investments of $100 million for Project BRIDGE

Minister of Communications, Innovation and Digital Economy, Bosun Tijani, on Wednesday announced fresh international funding commitments for Project BRIDGE, confirming new investments from the European Bank for Reconstruction and Development (EBRD) and the European Union Nigeria has achieved a landmark milestone in its digital transformation journey, securing major investments from European partners to accelerate Project …

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Naira breaks N1,400 barrier at N1,396.99/$1

The Nigerian naira has strengthened beyond the key ₦1,400 psychological threshold, closing at ₦1,396.99 per U.S. dollar on the official foreign exchange market. This marks a notable appreciation and signals renewed momentum for the local currency after months of sustained pressure. Market data from the Central Bank of Nigeria showed that the naira gained marginally …

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DMO launches January 2026 FGN Savings Bond offer with double-digit yields

The Debt Management Office (DMO) has commenced subscriptions for the January 2026 Federal Government of Nigeria (FGN) Savings Bonds, offering investors access to government-backed securities with interest rates reaching 15.396% per annum. The offer, announced on Monday, forms part of the Federal Government’s ongoing domestic borrowing programme and reflects efforts to mobilise long-term funds from …

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CBN Revokes Licences of Aso Savings and Union Homes

The Central Bank of Nigeria has revoked the operational licences of Aso Savings and Loans Plc and Union Homes Savings and Loans Plc. This regulatory action reinforces the apex bank’s commitment to financial system stability and stronger compliance within Nigeria’s mortgage banking subsector. The decision was taken under the powers granted to the CBN by …

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