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Economy & Capital Market News

ECONOMY AND CAPITAL MARKET NEWS

For Week Ended November 14, 2025

CAPITAL MARKET NEWS

  • Nigeria’s Stock Market Tumbles, Loses N4.6trn in One DayNigeria’s stock market, on the 11th November 2025, suffered one of its heavy losses in one day, dropping by N4.6 trillion on investors’ profit-taking in highly capitalised listed companies on the Nigerian Exchange Limited (NGX). Read More
  • Stocks Rally as Nigeria Eases Tax That Caused Market PlungeNigerian stocks recorded their biggest rally in almost two years after authorities softened a capital gains tax policy that had spooked foreign investors and triggered a market selloff. The 151-member NGX All-Share Index rose 2.9% at the close of trading in Lagos, its biggest advance since January 2024. The rebound came after the benchmark had plunged 5% on 11th November, 2025, the most in 15 years, as foreign investors sold shares ahead of a planned 30% capital gains tax set to take effect next year. Read More
  • NASD: Norrenberger’s N1.3 billion bet shakes up Nigeria’s OTC market  Norrenberger Securities Limited has acquired a 4.35% strategic stake in NASD Plc for a stunning N1.3 billion, in what industry watchers described as the most significant institutional vote of confidence in the over-the-counter (OTC) market this year. The huge transaction, executed at N60 per share, represents an eye-popping 111.7% premium over NASD’s current trading price of N28.35. Read More
  • Presidency dismisses claims linking capital market decline to Trump’s comments on NigeriaChairman of the Presidential Committee on Tax Policy and Fiscal Reforms, Taiwo Oyedele, has refuted claims that the recent decline in the Nigerian capital market was influenced by reactions to comments made by U.S. President Donald Trump about Nigeria. Speaking on Channels Television’s Business Morning, Oyedele clarified that the fluctuations observed in the Nigerian Exchange (NGX) were part of normal market adjustments, not a politically induced sell-off. Read More
  • Nigeria’s SEC to commence T+2 Settlement Cycle on November 28 The Securities and Exchange Commission (SEC) has announced that Nigeria’s capital market will officially transition to a T+2 settlement cycle for equities transactions from Friday, November 28, 2025. The reform, aimed at aligning Nigeria with global best practices, is expected to enhance market efficiency, improve liquidity, and strengthen investor confidence ahead of the traditional year-end rally. Read More

MONEY MARKET NEWS

  • Naira cools to 10-day low of N1,443.08The naira on Wednesday, 12th November, 2025, depreciated slightly to a 10-day low of N1,443.08 per dollar, extending its losing streak for the third consecutive trading day in the official foreign exchange (FX) market as demand for the greenback increased slightly. The last time the naira traded below this level was on October 29, 2025, when it closed at N1,444.42 per dollar at the Nigerian Foreign Exchange Market (NFEM). Read More
  • Nine banks pocket N14.7tn interest income in nine monthsNine banks raked in about N14.72tn in the first three quarters of 2025, driven by a high-interest environment, The PUNCH can report. An analysis of the interim financial statements for the period ended 30 September 2025 of the financial institutions filed with the Nigerian Exchange indicated that the interest income of these financial institutions rose by 27.68 per cent from N11.53 trillion.  Read More

THE NIGERIAN ECONOMY

  • S&P upgrades Nigeria’s outlook to positive, ‘B-/B’ rating confirmedS&P Global Ratings upgraded Nigeria’s outlook from stable to positive on November 14, 2025, while confirming the sovereign rating at ‘B-/B’. The agency highlights the impact of reforms initiated since 2023: exchange rate liberalization, subsidy removal, increasing tax revenues, a gradual rise in oil production, and the commissioning of the Dangote refinery. Read More
  • Nigeria’s economy expands 11th consecutive monthNigeria’s economy expanded for the eleventh consecutive month as the Central Bank of Nigeria, CBN, Purchasing Managers’ Index rose to 55.4 index points in October 2025 from 54 index points recorded in the previous month. According to the CBN report, sectors that led the expansion include industry, service and agricultural sectors. Read More
  • Nigeria risks food crisis in 2026 as farmers threaten to exit over post-harvest lossesNigeria may be heading toward a severe food crisis in 2026 as farmers across the country, particularly in the North-Central and North-West regions, warn that escalating production costs, insecurity, and massive post-harvest losses are forcing many of them to consider abandoning agriculture altogether. Read More
  • Uche Uwaleke: Nigeria’s Economic Reforms Yielding Results, But Growth Must Become InclusivePresident, Capital Market Academics of Nigeria, Prof. Uwaleke, says macroeconomic stability and key reforms are driving renewed domestic and international investor confidence. President of the Capital Market Academics of Nigeria, Professor Uche Uwaleke, has said that Nigeria’s ongoing economic reforms are beginning to yield positive results, citing improved macroeconomic indicators, greater investor confidence, and stronger market performance. Read More
  • FG suspends 15% import tax on imported petrolThe federal government, through the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has suspended the implementation of the 15 per cent ad-valorem import duty on imported Premium Motor Spirit (PMS) and diesel. The Authority stated this in a statement signed by George Ene-lta, Director, Public Affairs Department. Read More
  • Aliko Dangote, the Richest Black Man in the World, Makes History as the First African to Reach a $30B Net WorthAliko Dangote, the richest Black man in the world, has reached a new milestone, with a net worth of $30.3 billion, according to the Bloomberg Billionaires Index. Per Business Insider Africa, the feat makes him the first African to achieve this level of wealth, fueled by growth in his cement and oil ventures. Read More

GLOBAL ECONOMY

  • UK economy grew by just 0.1% in the third quarter after a hit from the JLR cyber-attackThe UK economy expanded by just 0.1% in the quarter from July to September as the crippling cyber-attack on Jaguar Land Rover hit manufacturing. The latest official figures, issued as Rachel Reeves prepares for a crunch budget on 26 November, show gross domestic product fell by 0.1% in September as car production was dragged to a 73-year low by the fallout from the hack. Read More
  • Stocks Surge on Optimism for Deal to End US Government Shutdown; Palantir Leads Tech ReboundMajor stock indexes ended sharply higher Monday after a down week, as investors were optimistic a deal was near to end the record U.S. government shutdown. The tech-heavy Nasdaq, benchmark S&P 500, and blue-chip Dow Jones Industrial Average closed up 2.3%, 1.5%, and 0.8%, respectively. Read More
  • Making European Reforms a Success on the Ground: Leveraging the EU’s production hubs while leaving no one behindTrade and industrial policies are being rewritten, especially in the United States, and Europe has had to navigate an increasingly uncertain global landscape. Even with the new US–EU trade agreement bringing some clarity on tariffs, uncertainty remains high, and that uncertainty has compounded the scars from successive shocks over the past five years. Read More
  • European shares inch higher with focus on upcoming US data; Siemens slidesEuropean shares edged higher on Thursday, 13th November, 2025, as investors shifted their focus to crucial U.S. economic data following the end of the nation’s longest government shutdown, while losses in Siemens after an underwhelming earnings report limited gains. Read More
  • Can Europe’s financial markets fuel an industrial revival?Contrary to popular narrative, Europe is not short of cash. In aggregate, European households save $1.4 trillion a year, substantially higher than the $800 billion figure for U.S. households. According to data platform Dealroom, European investors in 2025 were sitting on $31 billion of dry powder, waiting to be invested. Read More
  • German Economic Confidence Weakens in NovemberThe economic sentiment index fell unexpectedly to 38.5 in November from 39.3 in the previous month. The reading was forecast to rise to 41.0. Similarly, the current situation indicator climbed to -78.7 from -80.0 in the prior month. However, the reading was weaker than forecast of -77.5. Read More
  • China’s new 5-year plan tackles critical growth challengesChina’s leadership is meeting to chart a policy course for the next five years. Beijing needs Chinese consumers to spend more, while at the same time, it is trying to keep up in a high-tech race with the US. Read More

DISCLAIMER 

This compilation is for information purpose only. Investors are advised to always consult their Stockbrokers for reliable and specific investment guidance at every point in time. The names of certified individual Securities and Investment experts in Nigeria can be found on the website of the Chartered Institute of Stockbrokers, www.cisinigeria.org.

CIS Research