Economic Reforms Drive All-Share Index To New Heights, Crosses 153,000 Points- Nigeria’s equity market climbed to a new high, yesterday, extending its rally on the back of broad economic reforms and improving investor sentiment. The NGX All-Share Index (ASI) advanced 1.50 per cent to close at 153,736.25 basis points yesterday. The market capitalisation gained by N1.447 trillion to close at N97.581 trillion. The index has now gained 49.37 per cent year-to-date, underscoring the strength of demand in blue-chip stocks across key sectors. ……(Read More) FG’s revenue up 68% to N20.9trn in 2024 — Budget Office- The federal government’s  (FG) total revenue inflow increased by 68.11 percent to  N20.98 trillion  in 2024 compared to  N12.48 trillion recorded in 2023, the  budget office of the federation has disclosed in  its fourth quarter (Q4) 2024 budget implementation report The report, however, noted that the figure was N4.89 trillion (18.92 percent) lower than the 2024 annual budget estimate…….(Read More) NGX adds N479bn as reforms boost investor confidence- Nigeria’s equities market sustained its upward trajectory on Thursday, recording a gain of N479bn in market capitalisation as investors continued to respond positively to ongoing economic reforms and improving macroeconomic indicators. At the close of trading, the Nigerian Exchange index advanced by 753.65 points, or 0.49 per cent, to close at 154,489.90 points, while the market capitalisation appreciated to N98.1tn from the N97.6tn recorded in the previous session……(Read More) Block trades lift equity market transactions to N1.62t- Total transactions in the nation’s equity market rose significantly by 78.5 per cent to N1.62tn in September 2025, up from N908.38bn recorded in August 2025, according to the latest Domestic and Foreign Portfolio Participation in Equity Trading report released by the Nigerian Exchange Limited on Thursday. The NGX attributed the sharp increase in trading value to a series of block trades executed during the month under review, which boosted overall market activity…….(Read More) Imported petrol landing cost drops to N840/litre amid price hike- The landing cost of imported premium motor spirit (petrol) has dropped marginally from N849.61 to N839.97 per litre. This was according to data from the Major Energies Marketers Association of Nigeria. In the energy bulletins released by the MEMAN Competency Centre in the past, it was observed that the landing cost of imported petrol was an average of N849.61 on October 13; N847.61 on October 14; N841.54 on October 20; and N839.97 per litre on October 21…….(Read More) Trump says all trade talks with Canada are terminated- U.S. President Donald Trump said on Thursday all trade talks with Canada were terminated following what he called a fraudulent advertisement in which former and late President Ronald Reagan spoke negatively about tariffs. Trump imposed tariffs on Canadian steel, aluminium and autos earlier this year, prompting Ottawa to respond in kind. The two sides have been in talks for weeks on a potential deal for the steel and aluminium sectors……(Read More)

CFG_DMR_23-OCT-2025

CFG_DMR_21-OCT-2025

CFG WEEKLY MARKET REPORT 13TH_2025 TO 17TH_OCT_2025

Inflation rate slows, first time in 3 yrs, to 18.02% – Nigeria’s inflation rate eased by 2.1 percentage point to 18.02 percent in September 2025 from 20.12 percent in August 2025. This is the first time in three years that the nation’s inflation rate fell below 20 percent.  The rate also represents the 6th consecutive month decline since April 2025. The National Bureau of Statistics,  NBS, disclosed this Wednesday, in its Consumer Price Index, CPI, and Report for September 2025. Meanwhile, economy experts and analysts have commended the easing, though noted that the consumer purchasing power is still on the decline, and that the rate is still far from the Central Bank of Nigeria, CBN’s long run target of 9 %………..(Read More) Market value surges to N93.8tn as NGX uptrend persists – The Nigerian Exchange Limited on Wednesday extended its gaining streak as the equities market added N20bn in value, bringing the total market capitalisation to N93.8tn at the close of trading. The benchmark All-Share Index advanced by 31.24 points, or 0.02 per cent, to settle at 147,742.20 points, reflecting sustained investor interest across key sectors despite a slowdown in market activities. At the close of trading, investors exchanged 388.93 million shares worth N12.36bn in 22,986 deals. This represented a 21 per cent decline in volume, a 29 per cent drop in turnover, and a 10 per cent fall in the number of deals compared with Tuesday’s session………(Read More) Naira dips third consecutive day to N1,473.29/$ – The naira dipped for the third consecutive day as it closed trading on Wednesday at N1,473.29/$. From the start of the week, the Nigerian currency had struggled against the American dollar at the official Nigerian Foreign Exchange Market, data from the Central Bank of Nigeria indicated. It started the week at 1,457.51/$, weakened to 1,463.23/$ on Tuesday, and dipped by N10.06, or 0.69 per cent, on Wednesday. At the parallel market, the currency closed trading at 1,500.00/$ on Tuesday, according to CardinalStone. However, on Wednesday, it appreciated to close trading at 1,488/$…..(Read More) Nigeria’s trade surplus climbed to 6% – Cardoso – The Governor of the Central Bank of Nigeria (CBN), Mr Olayemi Cardoso, says Nigeria’s trade surplus has climbed to six per cent of the nation’s Gross Domestic Product (GDP). Cardoso said this in a statement by the Director of Information and Public Relations, Federal Ministry of Finance, Mr Mohammed Manga, in Washington on Wednesday. Cardoso, who also led the Nigerian delegation at the annual meetings of the IMF/World Bank Group in Washington, reiterated the government’s commitment to prudent macroeconomic management and reforms………..(Read More) Upstream Regulator Pursues Initiatives For 2.5m Daily Crude Output Target By 2027 – The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed how it is preparing to achieve the country’s aspiration of producing  2.5 million barrels of oil per day  (bopd) by 2027. Speaking at the 2025 National Association of Energy Correspondents (NAEC) conference in Lagos on Thursday, on the topic, “Nigeria’s Energy Future,” the  commission’s chief executive, Gbenga Komolafe, said the NUPRC was playing a big  role in driving the upstream oil and gas industry’s rebound. According to him, the Commission has prioritised production optimisation and recovery enhancement to achieve expectations………(Read More) Beijing’s Preemptive Trade Shift Against U.S. – China has recently announced a series of aggressive tariff and trade measures targeting the United States, spanning sectors such as rare earths, shipbuilding, agriculture, and defense. This marks a clear departure from its previously defensive stance during the U.S.-China trade dispute. The Straits Times, a Singaporean English-language media outlet, noted on the 13th that Beijing’s strategic shift reflects an intentional pursuit of “restoring balance through calculated conflict.” It described the measures not as emotional responses but as meticulously planned attacks aimed at altering the “rules of the game”….(Read More)  

CFG_DMR_13-OCT-2025

THE LOOP Aug EDITION 2025_final_1

Naira hits 10-month high on strong FX inflows – The naira extended its gains at the official market last week as it gained 0.72 per cent (or N10.5) to close at 1,455.17/$, the strongest it had been since December 2024, data from the Central Bank of Nigeria has revealed. Analysts disclosed that the performance of the domestic currency was driven by robust foreign exchange inflows from portfolio investors and remittances. At the parallel market, the naira strengthened 0.88 per cent to 1,475/$, also supported by improved liquidity……..(Read More) FG owes GenCos fresh N1tn in six months – The Federal Government’s debt owed to electricity generation companies has risen to N1.05tn in the first half of 2025. This is the outstanding power subsidy payment to electricity generation companies, covering the first and second quarters of the year. A report by the Nigerian Electricity Regulatory Commission’s Second Quarter Report for 2025 showed that the government incurred a subsidy obligation of N514.35bn in Q2 2025, following N536.40bn in Q1, bringing the total to over N1.05tn in the first six months of the year…….(Read More) Dangote Cement begins Ivory Coast operations – Dangote Cement has officially launched its operations in Attingué, some 30 kilometres from Abidjan, Ivory Coast. According to a statement by the group on Sunday, the announcement was made on Wednesday by the Managing Director of Dangote Cement, Ivory Coast, Serge Gbotta, at the Novotel Abidjan-Marcory. Covering an area of 50 hectares, the plant reportedly has a production capacity of 3 million tonnes of cement per year, making it one of the group’s largest facilities outside Nigeria……………(Read More) Nigeria’s public debt rises to N152.4tn by June 2025 – DMO – Nigeria’s total public debt has risen to N152.40 trillion as of June 30, 2025, from N149.39 trillion recorded at the end of March, according to the latest data released by the Debt Management Office (DMO). The figure represents a quarterly increase of N3.01 trillion, or 2.01%, while in dollar terms, the debt stock climbed from $97.24 billion to $99.66 billion, reflecting a 2.49% rise. According to the report, external debt rose to $46.98 billion (N71.85 trillion) in June from $45.98 billion (N70.63 trillion) in March….…..(Read More) Zenith Bank pays N51.3bn interim dividend – Zenith Bank Plc has paid a total interim dividend of N51.3 billion to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This significant payout represents over 60% increase from the N31.4 billion paid in H1 2024. The dividend payment comes on the heels of the bank’s audited financial results for the half-year ended June 30, 2025, released to the Nigerian Exchange (NGX) in September 2025, which showcased a robust financial position and growth trajectory. Commenting on the dividend payout, the Group Managing Director/CEO, Dame Dr. Adaora Umeoji, said, “We are pleased to have paid this significant interim dividend to our valued shareholders…….(Read More) Türkiye, US draft new roadmap to reach $100 billion trade goal – Türkiye and the United States are preparing a new strategy to boost bilateral commerce toward the long-standing $100 billion trade target, focusing on expanding cooperation in key industries from automotive to nuclear energy. The Foreign Economic Relations Board of Türkiye (DEİK) and its Türkiye-U.S. Business Council (TAİK) have begun work to update a joint trade roadmap first prepared with the Boston Consulting Group in 2019-2020. The revised plan aims to adapt to shifting global dynamics and strengthen private-sector partnerships between the two NATO allies………(Read More)

World Bank dismisses Nigeria’s single-digit inflation target – The World Bank has said the Federal Government’s ambition to achieve single-digit inflation in the short term is unrealistic, warning that Nigeria remains among a handful of African countries still grappling with high Consumer price inflation. In its latest Africa’s Pulse report released on Tuesday, the Bank projected that Nigeria, alongside Angola, Ethiopia, Ghana, Malawi, Sudan, Zambia, São Tomé and Príncipe, and Zimbabwe, will continue to record double-digit inflation rates through 2025……….(Read More) Market capitalisation up N92bn amid insurance stock surge – The Nigerian Exchange extended its bullish run on Tuesday, gaining N92bn as renewed interest in insurance stocks boosted market performance. The market capitalisation rose to N92tn, while the All-Share Index advanced 172.48 points, or 0.12 per cent, to close at 144,995.26. This brought the market’s week-to-date gain to 1.84 per cent, four-week gain to 4.02 per cent, and year-to-date growth to 40.87 per cent. Market data showed that investors traded 507.4 million shares worth N24.28bn in 30,665 deals, reflecting a two per cent decline in volume, a 67 per cent rise in turnover, and a 14 per cent drop in the number of deals compared to Monday’s session…..(Read More) CBN committed to price, monetary stability – Cardoso – The Central Bank of Nigeria has assured Nigerians of its commitment in ensuring that the policies and reforms already introduced would bring about much-needed price and monetary stability in the country. Nigerians have, over a long period of time, experienced hardship occasioned by rising inflation and monetary instability in the country. But, speaking in Uyo, Akwa Ibom State on Tuesday, the CBN Governor, Olayemi Cardoso, said some of the monetary policies of bank had started yielding positive results, as seen in the steady easing of inflation and current stability in the foreign exchange market…………(Read More) FG to sustain Naira-for-crude sale with local refiners – The Federal Government has reaffirmed its commitment to sustaining the Naira-for-crude oil sale agreement with local refiners as part of its broader policy to reduce the cost of fuel production and strengthen the domestic refining sector. The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, disclosed this in Lagos at the 2025 Crude Oil Refinery Owners’ Association of Nigeria (CORAN) Summit. Daily Trust reports that under the policy which started in 2024, local refiners, especially Dangote Refinery, would be supplied crude in naira instead of the foreign currency as a way of ensuring affordable fuel for Nigerians…..…..(Read More) Non-interest capital market valuation hits N1.6trn – SEC – The Securities and Exchange Commission (SEC) has revealed that Nigeria’s non-interest capital market has grown significantly, reaching a valuation of over N1.6tn, noting that the figure signals growing investor confidence and deepening participation in ethical finance. The Director-General of the SEC, Dr. Emomotimi Agama, announced this on Monday during a joint press briefing in Abuja ahead of the 7th African International Conference on Islamic Finance (AICIF), scheduled to hold in Lagos on November 4 and 5, 2025………..(Read More) Gold surges past $4,000 an ounce as uncertainty fuels rally – The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President Donald Trump announced tariffs which have upset global trade. Analysts say another issue worrying investors is delays to the release of key economic data as the US government shutdown enters its second week………..(Read More)

CFG_DMR_07-OCT-2025