The naira strengthened to N1,360.15 per dollar at the Nigerian Foreign Exchange Market on Wednesday, marking its strongest closing level since June 16. The movement provides an update on foreign-exchange conditions relevant to Nigerian listed companies and market participants.
Nigeria’s payment and technology sectors are preparing for stricter local data requirements, with the shift discussed alongside the opening of Techeconomy’s GrowthX 2026 programme. The development may affect how payment operators and technology businesses manage data infrastructure and compliance within Nigeria.
The Securities and Exchange Commission has established 5:00 p.m. on Trade Date plus One as the settlement deadline for equities and commodities transactions in Nigeria’s capital market. The requirement represents a regulatory update to post-trade processing applicable to market participants.
- N150,000 into your chosen business.
- N200,000 into Moneywise or PiggyVest at 16 to 18% yearly.
- N250,000 into 91-day Treasury Bills. Capital back every 3 months.
- N200,000 into an FGN bond mutual fund.
- N100,000 into one strong NGX dividend stock. Five
Nigeria in 1min: Economic, Business and Financial Market Headlines – 13th August 2026
Nigerian equities extended their decline on Wednesday, with the All-Share Index falling 1.12% to 243,967.09 points and market capitalisation losing about N1.76trn. The decline was concentrated
Stock market hit: Investors lost ~₦1.8 trillion yesterday. NGX ASI dropped 1.12% to 243,967; market cap fell to ₦157.5 trillion. BUA Foods and Unilever among the biggest losers amid profit-taking.
The editorial questions the Central Bank of Nigeria’s purported expenditure efficiency and calls for greater scrutiny of the costs associated with producing its outputs. The discussion focuses on transparency, governance, and accountability at the central bank, issues that may influence perceptions of Nigeria’s financial and regulatory environment.
Nigeria has failed the U.S. Department of State's minimum fiscal transparency requirements for a second consecutive year. The report said the country made no significant progress in 2025 toward improving financial management and increasing openness around public finances.
US President Donald Trump claimed the United States has total control of the Strait of Hormuz, while Iran rejected the assertion and said the waterway remains blocked pending conditions. Vessel traffic reportedly fell to eight transits on Tuesday from about 130 daily before the conflict, alongside a Houthi strike that killed six people.
The Central Bank of Nigeria has removed restrictions on the use of its discount window for foreign-exchange and government-securities transactions. The policy also expands OMO access through banks to individuals, corporates and non-bank financial institutions, while resuming repos with tenors of up to 90 days.
West Africa needs an estimated $3 billion regional settlement facility, harmonised regulations and deeper cross-border integration to unlock a projected $3 trillion energy market, according to RHG chairman Yahyah. The proposal focuses on building an integrated regional energy market involving Nigeria and other West African countries.
ECOWAS is advancing plans to establish a regional carbon-market platform as the bloc seeks to address a reported $294 billion climate-finance gap and unlock West Africa’s carbon-market potential. The initiative was discussed in Abuja and could shape future regional climate-finance frameworks.
Ogoni youth leaders have expressed support for resuming oil operations in the Niger Delta while calling for the inclusion of relevant stakeholders. The development relates to Nigeria’s oil and gas environment, though the report does not identify a specific listed company or disclose operational, financial, or market details.