Analysts forecast 30 per cent stock market uptick in H2 –

Analysts at Cowry Asset Management have projected a 30 per cent surge in the Nigerian equities market during the second half (H2) of the year, citing favorable macroeconomic indicators, sectoral momentum and sustained investor appetite as key drivers. The firm’s outlook highlights faster execution of banking sector recapitalization as a major catalyst, with capital injections and fresh equity issuances expected to deepen liquidity and stimulate broader market participation…….(Read More)

Despite drop in inflation, food prices remain high- Survey –

Shoppers and traders in some Lagos markets have expressed frustration that the recent drop in Nigeria’s headline inflation rate has not translated into any relief at the market, as the prices of staple food items remain significantly high. The National Bureau of Statistics (NBS) last week announced that the country’s headline inflation rate dropped to 22.41 percent in June 2025, down from 33.95 percent in May………(Read More)

 Economists differ on Naira stability amidst $4.1bn CBN intervention –

Mixed reactions have trailed the assertion by foremost economist Bismark Rewane’s assertion of naira stability and that the economy is bouncing back amidst intervention by the Central Bank of Nigeria (CBN) to keep the exchange rate at N1,500 to N1,560 in recent weeks. The CBN had intervened in the market to the tune of $4.1 billion in the first half of 2025, according to CSL Stockbrokers in its half year economic outlook report……..(Read More)

High FAAC disbursements may fuel inflation – CBN –

The Governor of the Central Bank of Nigeria, Olayemi Cardoso, has raised concerns over the inflationary risks posed by rising liquidity levels in the banking system, warning that increasing statutory revenue disbursements through the Federation Account Allocation Committee could frustrate the bank’s disinflation efforts if not matched with tight monetary conditions. Cardoso, in his personal statement released after the 300th Monetary Policy Committee meeting held on May 20, 2025, and published on the CBN’s official website on Saturday, noted that while inflation has started to moderate, emerging risks from increased liquidity injections require careful monetary vigilance…….(Read More)

Stock market sustains bullish sentiment as investors gain N3.4trn –

The stock market consolidated its positive trend as investors gained over N3.4trillion despite trading for only four days as the public holiday in honor of the late former president, Mohammadu   Buhari, took a day off the trading week. Specifically, market capitalization, which represents the value of stocks listed on the Nigerian Exchange Limited, NGX, closed at N83.241 trillion from N79.803 trillion the previous week. Similarly, another major market performance indicator, NGX All Share Index, ASI rose by 4.3% to close at 131,585.66 points from 126,149.59 points the previous … (Read More)

China embarks on world’s largest hydropower dam, capital markets cheer –

China’s Premier Li Qiang announced construction had begun on what will be the world’s largest hydropower dam, on the eastern rim of the Tibetan Plateau, at an estimated cost of at least $170 billion, the official Xinhua news agency said. Commencement of the hydropower project, China’s most ambitious since the Three Gorges Dam on the Yangtze, was seized by Chinese markets as proof of economic stimulus, sending stock prices and bond yields higher on Monday……(Read More)