Nigerian markets, FX, inflation, oil, and reform dynamics
Nigeria
Nigeria’s cost squeeze persists as USDNGN steadies near 1,465 and NGE tracks selective equity strength; one-year bills ~21% and 10-year yields ~15.6% flag elevated risk premia while bank fees and layered taxes compress real-sector margins.
Nigeria
Nigeria’s FX turnover jumped to USD 8.6 billion as reforms deepened; NGN=X held near ₦1,460 while BZ=F traded in the high USD 70s. NGSEINDX:IND climbed 42.8% YTD as reserves topped USD 42 billion and investor confidence strengthened.
Nigeria
Lagos’s ₦874bn debt highlights Nigeria’s fiscal divide as ₦4.43trn FAAC flows sustain states, USDNGN=X steadies near ₦1,460 and NGGB10Y yields 17%, while EMB and AFK track frontier risk and CL=F, BZ=F shape oil-linked revenue exposure.
Nigeria
Nigeria issues ₦4trn bonds to settle GenCo arrears; USDNGN=X stability and EMB spreads will gauge whether liquidity lifts dispatch sustainably or shifts risk onto the sovereign curve as CL=F volatility and local yields drive refinancing pressure.
Nigeria
Nigeria’s $15bn creative push formalizes SMEs as NGN=X steadies and frontier flows via FM track export fulfilment, bank credit growth, and IP uptake to gauge whether fashion can deliver scalable non-oil earnings and jobs by 2026–2028.
Nigeria
OMO and NTB yields converge as policy eases to 27%; insurers NGX:REGALINS and NGX:PRESTIGE gain while NGX breadth stays thin, signaling investors await sustained disinflation and stable FX before re-risking across banks and industrials.
Nigeria
Shell’s $2 billion HI gas FID adds 350 mmscfd capacity, strengthening Nigeria’s LNG and FX resilience as NGN=X stabilizes; SHEL leads execution while BZ=F oil and TTF=F gas benchmarks anchor revenue outlook and investor confidence through 2028.
Nigeria
Nigeria’s $2 trillion Commonwealth trade drive tests Abuja’s capacity for data-backed reform. With exports 78 % oil-based, GDP +3.9 %, inflation 28.3 %, and reserves 4.2 months, success hinges on execution that boosts NGX:ZENITHBANK, NGX:DANGCEM, and NGX:GTCO exposure to logistics gains.
Nigeria
Nigeria’s $2 trillion Commonwealth trade drive tests Abuja’s capacity for data-backed reform. With exports 78 % oil-based, GDP +3.9 %, inflation 28.3 %, and reserves 4.2 months, success hinges on execution that boosts NGX:ZENITHBANK, NGX:DANGCEM, and NGX:GTCO exposure to logistics gains.
Nigeria
IMF lifts Nigeria’s 2025 growth to 3.9%, yet markets stay cautious. Eurobond NGERIA47= 10.9%, MPR 26.75%, inflation 28%, and naira ₦1,540/USD tell another story—stability without confidence, yield without conviction, growth without reform.
Nigeria
During Week 41 (6–10 Oct 2025), Nigeria’s market matured through yield, not speculation. ₦NGXASI rose 2.37% to 146,988 as bonds surged 1,038% in value. ₦MTNN, ₦AXAMANSARD, and ₦SOVRENINS led gains while liquidity shifted decisively toward government debt.
Nigeria
Nigeria’s trade growth slid from 2.04 % to 1.29 % as inflation above 20 % and a 26.75 % policy rate choke liquidity. The naira’s instability and high logistics costs expose a deeper disease—structural inefficiency that no tightening can cure.