Author: Olu Anisere

Nigeria’s Non-oil Export Rises by 11.5% to $6.1bn in 2025 Nigeria’s non-oil export value recorded 6.1 billion dollars in 2025, reflecting diversification, higher volumes, and expanding markets, the Nigerian Export Promotion Council (NEPC) said on Monday. Mrs Nonye Ayeni, Executive Director, NEPC, disclosed this at a news conference on the 2025 Non-Oil Export Performance and 2026 Outlook in Abuja. Ayeni said that the NEPC was in partnership with the National Bureau of Statistics, the Central Bank of Nigeria (CBN) and other stakeholders to mainstream informal trade. According to her, based on records obtained from the pre-shipment inspection agencies, Nigeria’s non-oil…

Money Market Rates Diverge as System Liquidity Fluctuates Money market rates diverged as liquidity levels in the financial system fluctuated and closed at long net positions amidst banks’ activities at the Central Bank window. The market recorded no primary market auction, though there were inflows from matured OMO bills, while activities at the borrowing window reduced sharply. Liquidity in the banking system saw significant fluctuations, starting the week tightened, improving during the week, and closing higher than it began the week. System liquidity opened the week with a balance of N1.47 trillion, supported by primary market inflows despite lower Standard…

XRP Drops to $2.05 as Investors Liquidate Leverage Positions Ripple (XRPUSD) fell 1.15% to $2.05 in 24h as investors liquidated positions in the latest transaction round in the cryptocurrency market.  Trading details across crypto exchanges showed that XRP bearish move occurred as trading volume plunged by 20% to $1.24 billion on Sunday. This left Ripple’s market value at about $125 billion at the time of writing, reporting about 2% weekly price depreciation. XRP saw an extreme 8,700% long/short liquidation ratio near $2 with $522K longs liquidated vs $6K shorts. The $2 level has become a magnet for liquidations, with every…

Global Equities Mixed as Markets Digest Uneven Macro Backdrop Global equities delivered a broadly mixed performance over the week as markets digested an uneven macro backdrop. Economic data showed that UK gross domestic product (GDP) rebounds to the upside despite weak industrial output. The markets took note of China’s credit expansion and revised growth projections by the World Bank. While appetite for risk assets remained intact in some regions, stockbrokers at Anchoria Securities Limited reported that investor sentiment was tempered by pockets of economic softness and renewed caution across key markets. In the US, equity benchmarks closed slightly lower as…

Oil Prices Swing , OPEC Sees Broadly Balanced Demand, Supply Oil prices rose on Friday amidst an anticipated equilibrium between global demand and supply in 2026, alongside geopolitical worries. The market recorded a sharp drop in crude oil prices on Thursday after the U.S. chose to refrain from attacking Iran. The market has begun to gain traction again. Brent crude was trading at $64.21 per barrel, up 1.8% from the previous close of $63.08. US benchmark West Texas Intermediate (WTI) also increased by around 2.1% to $60.09, compared to $58.86 in the prior session. Market sentiment improved after reports that…

Nigeria Unveils Industrialisation Policy to Boost Jobs, Value Addition The Federal Government has launched the Nigerian Industrialisation Policy aimed at driving value addition, industrial growth, and employment creation across the country. The Minister of State for Industry, Senator John Enoh, who spoke at the soft launch of the policy, said the initiative marked a strategic step in translating Nigeria’s industrial potential into measurable productivity. This was done on the sidelines of the launch of the Nigerian Economic Summit Group Macroeconomic Outlook Report for 2026 on Thursday, in Lagos. Enoh noted that the policy, approved and validated in 2025, reflected a…

Banking Index Pops as FirstHoldco, Zenith Rally Amid Block Trades The banking index popped up as the Nigerian Exchange (NGX) recorded its first red rain in 2026 with investors losing about N458 billion from their combined portfolio value. The momentum was boosted by interest in First Holdco, Ecobank Transnational Incorporation (ETI), and Zenith Bank, with huge crossed trades, including bargain hunting in FCMB and Fidelity Bank. There were profit-taking activities on top tier 1 banks like UBA, Access Holdings, and GTCO due to portfolio rebalancing ahead of the fourth quarter of 2025 earnings release. The losses in lightweight banking names…

Oil Prices Decline over Weak U.S. Demand Expectation Amidst uncertainties in the global commodity market, prices of crude oil eased due to a weak U.S. demand outlook after data showed a surge in inventories. Brent crude traded slightly lower on Thursday , supported by easing geopolitical tensions, and signs of rising oil inventories in the U.S. Brent crude was trading at $63.85 per barrel, down 0.6% from the previous close of $64.23. US benchmark West Texas Intermediate (WTI) also decreased by 0.5% to $59.77, compared to $60.10 in the prior session. The modest pullback in prices came as geopolitical risk…

NGX Index, Market Cap Rise Hit New High on 22-Day Rally The Nigerian Exchange (NGX) sustained its bullish momentum with an uptick in key performance indicators as the local bourse rallied for 22 consecutive trading sessions. Trading data showed that NGX All-Share Index (ASI) advanced by 56 basis points on Wednesday, driven by gains in ARADEL and 45 other stocks, according to stockbrokers. Market breadth remained positive, with 46 gainers against 28 losers. ACADEMY Plc led the gainers’ chart with a 10.0% appreciation, while MAY & BAKER Plc topped the losers’ chart, declining by 9.8%. The market recorded a turnover…

Seplat, Zenith Bank Drive NGX Rally, Investors Gain N598bn Seplat Energy, Transcorp, and Zenith Bank Plc were among the top gainers on the Nigerian Exchange (NGX) trading platform that drove momentum in the local bourse on Wednesday. Equities investors saw more than N598 billion as the Nigerian Exchange all-share index (NGX) rose by 0.56%, extending the ongoing rally as bullish sentiment continued to dominate trading activity. The benchmark NGX All-Share Index advanced by 56 basis points to close at 166,771.95 points, reflecting a market fuelled by firm investor confidence. The market strengthened further due to gains in SEPLAT, MBENEFIT, CHAMPION,…