Despite the strong liquidity position, the average funding cost rose by 4bps to 22.14%, as the Open Repo Rate (OPR) remained unchanged at 22.00%, while the Overnight Rate (OVN) increased by 8bps to close at 22.29%.
System liquidity opened today at a surplus of ₦5.21 trillion, reflecting a decline of ₦461.94 billion compared with the previous session. The moderation in liquidity was primarily driven by the settlement of ₦235.60 billion from the prior session’s OMO auction.
The FY 2025 dividend season for NGX-listed companies reflects a broad-based earnings recovery set against a
materially improved macroeconomic backdrop: moderating inflation, a more stable Naira, record external reserves, and
critically the CBN’s first benchmark interest rate cut in the current cycle. Nineteen companies across nine sectors have
declared, or are expected to declare, dividends for the financial year ended December 31, 2025, several of which represent
historic payout milestones.
This report examines the enforcement actions taken by NGX Regulation Limited (NGX RegCo)
against listed companies regarding disclosure violations and breaches of corporate governance standards
during the 2025–2026 period.
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.
System liquidity opened the session in a surplus position of ₦4.39 trillion, representing an increase of ₦682.39 billion compared to the previous session. The improvement was largely driven by higher Deposit Money Banks (DMBs) placements at the CBN’s Standard Deposit Facility (SDF) window, which rose from ₦3.62 trillion to ₦4.32 trillion.
System liquidity opened the session in surplus at ₦2.68 trillion, representing a decline of ₦850.64 billion from the previous day. The moderation was primarily driven by a reduction in Deposit Money Banks’ (DMBs) placements at the CBN’s Standard Deposit Facility (SDF), which declined from ₦3.97 trillion to ₦3.71 trillion.
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 …
Nigeria Secures Strategic European Investments of $100 million for Project BRIDGE Read More »
System liquidity opened the session in surplus at ₦3.53 trillion, representing an increase of ₦416.00 billion compared to the previous day.
System liquidity commenced the week with a surplus of ₦3.02 trillion, reflecting a significant decline of ₦2.24 trillion compared to the previous session’s surplus position.
Plot 3 Peter Obang Close, Off O. P. Fingesi Street, Utako District, Abuja
15 Oladimeji Alo Street, Lekki Phase 1 – Lagos
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