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Nigeria’s foreign exchange reserves recorded a notable recovery in May 2026, rising by approximately $551 million within the first three weeks of the month after experiencing sustained pressure throughout April. Latest data released by the Central Bank of Nigeria (CBN) showed that gross external reserves increased from $48.34 billion on May 4 to $48.89 billion …

Nigeria’s Foreign Reserves Rebound by $551 Million in May 2026 Read More »

The Nigerian Exchange (NGX) week of 30 March to 2 April 2026 presented a mixed picture, with modest gainers led by Multiverse Mining & Exploration (+20.66%) and UPDC Real Estate Investment Trust (+15.49%) indicating selective investor appetite in Mining and Real Estate sectors. The top gainer list was notably more measured than previous weeks, with …

DPH CAPITAL MARKET DIGEST Read More »

Abstract This report analyzes the economic consequences for Nigeria following the military escalation between the United States, Israel, and Iran in February 2026. It explores how geopolitical tensions influence global oil benchmarks and the subsequent divergent effects on Nigeria’s energy, consumer goods, and banking sectors. The findings suggest that while renewed inflation and potential “risk-off” …

Impact of Global Military Conflict on the Nigerian Economy: An Analysis of the 2026 Middle East Crisis Read More »

CBN Cuts Interest Rate to 26.5%: What It Means for Your Money, Loans, and Investments The Central Bank of Nigeria (CBN) has just announced its latest monetary policy decisions, reducing the benchmark interest rate while holding other key parameters steady. Here’s what you need to know. At its 304th Monetary Policy Committee (MPC) meeting held …

CBN Cuts Interest Rate to 26.5% Read More »

The Nigerian Naira demonstrated renewed resilience on Tuesday, appreciating to N1,337 per dollar at the official foreign exchange market. This gain follows a steady recovery trend, up from the N1,344 recorded on Monday, marking the currency’s strongest official closing rate in nearly nine months. The last time the Naira saw a stronger performance was on …

Naira Hits Strongest Level Since May 2024 as Official Rate Closes at N1,337/$ Read More »

The Nigerian stock market sustained its upward momentum last week, delivering significant gains to investors as total market value increased by over N1.5 trillion. The Nigerian Exchange Limited closed the week higher, deepening its recovery and reversing the weakness recorded in November 2025. The improved performance was driven by renewed buying interest across major blue …

Nigerian Stock Market Extends Rally as Investors Gain Over N1.5 Trillion Read More »

The Central Bank of Nigeria has announced the approval of final operating licences for eighty two Bureaux De Change following the completion of compliance checks under the 2024 Regulatory and Supervisory Guidelines for BDC Operations. This development represents a major step in the effort to strengthen transparency and establish a well regulated retail foreign exchange …

Central Bank of Nigeria Confirms 82 BDCs Fully Licensed Under Revised Guidelines Read More »