CFG WEEKLY MARKET REPORT 17th TO 21th_NOV_2025

FATF delisting major boost to Nigerian economy- The removal of Nigeria from the Financial Action Task Force (FATF) grey list would enhance investors’ confidence and inflows of investments into the economy. Commendations continued to trail the weekend removal of the country from the grey list, with experts describing the achievement as a reflection of improvements in the country’s financial and economic regulatory systems. The naira yesterday recorded significant gains, appreciating by N10 per dollar and closing the day at  N1,486 per dollar at the parallel markets……..(Read More) Equities lose N94bn as investors take profit on blue chips- The Nigerian equities market opened the week on a bearish note as investors embarked on profit-taking in some high-cap stocks, leading to a loss of N94bn in market capitalisation at the close of trading on Monday. Data from the Nigerian Exchange Limited showed that the market capitalisation dipped to N98.7tn from N98.8tn recorded on Friday, representing a 0.1 per cent decline. Similarly, the benchmark index fell by 148.90 points to close at 155,496.15………(Read More) FCMB’s N160bn offer will support resilient financial institution – CEO- The Group Chief Executive Officer of the FCMB Group, Ladi Balogun, has said that the holdco’s N160bn public offer would support the building of a stronger financial institution. Balogun said this at the recently held ‘Facts Behind the Offer’ presentation at the Nigerian Exchange Limited, where he emphasised that the offer marked a critical phase in the group’s recapitalisation programme……..(Read More) $34.5bn electricity gap tops agenda at Nigeria Energy conference- Nigeria’s energy sector stakeholders will this week confront one of the sector’s biggest challenges, which is closing the $34.5bn funding gap needed to achieve universal electricity access by 2030, as stakeholders gather in Lagos for Nigeria Energy 2025. The three-day conference, which opens today at the Landmark Event Centre, Lekki, Lagos, will bring together government officials, regulators, investors, and innovators under the theme ‘Powering Nigeria Through Investment, Innovation and Partnership’………(Read More) Why $120bn hydrocarbon resources not benefitting Africa – Tinubu-  President Bola Tinubu yesterday declared that Africa’s $120 billion worth of hydrocarbon resources must be made to benefit the continent and its people. He spoke at the 19th edition of the OTL Africa Energy Week in Lagos, maintaining that limited refinery capacity and distribution network in Africa have led to exports of larger chunk of oil and gas expenditure to countries outside Africa’ He advocated for a change of status quo through fixing of refinery capacity and distribution network challenges………(Read More) Trump and Takaichi Reaffirm Trade Agreement, Secure Minerals Pact- US President Donald Trump and Japanese Prime Minister Sanae Takaichi held their first summit in Tokyo on the 28th and reaffirmed their firm commitment to implementing the “historic US-Japan Agreement” agreed upon by the two countries last July, the White House announced. Following the trade agreement, the US and Japan had already formalized this once through a “fact sheet,” and on this day, they reaffirmed their commitment to implementing the agreement through a document titled *Toward a New Golden Era of the U.S.-Japan Alliance*, which contains the signatures of Trump and Takaichi……..(Read More)

CFG_DMR_27-OCT-2025 CFG_DMR_27-OCT-2025

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