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MARKET OVERVIEW & WEEKLY COMMENTARY: 13th–17th JULY 2026

The NGX recorded one of its strongest weeks in recent months, driven by a broad-based rally in large-cap banking stocks as investors rotated aggressively into financial names. First HoldCo PLC led the market with an exceptional +38.66% gain to ₦95.95, marking one of the strongest single-week performances by a major banking stock in recent history. …

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SpaceX Set for Historic IPO as Investors Watch Largest Public Listing in Market History

SpaceX is preparing for what could become the largest initial public offering (IPO) in history, with the Elon Musk-led aerospace and technology company expected to begin trading on June 12, 2026, at a valuation approaching $1.77 trillion. If achieved, the listing would rank among the most significant events in modern capital market history and immediately …

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MONTHLY INVESTMENT OUTLOOK : Where to invest in June 2026

As June 2026 begins, the investment landscape continues to evolve amid tight monetary policy, persistent inflationary pressures, relative exchange rate stability, and a broadly positive growth outlook defining a complex but opportunity rich environment for Nigerian investors entering the second half of the year. MPR (Monetary Policy Rate): 26.5%  — held steady by CBN Inflation (April …

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

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 …

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

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” …

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

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 …

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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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