Nigeria’s stock market rallied on Wednesday, pushing the All-Share Index to a record close of 242,459.98 points and lifting total market capitalisation to N155.59tn. The Central Bank of Nigeria’s decision to keep the Monetary Policy Rate unchanged at 26.50% supported investor sentiment and drove gains across banking, industrial and oil and gas stocks. FBN Holdings and Wema Bank were among 54 stocks that hit their daily upside limit, while NAHCO and Vitafoam were among a small group of decliners that fell to their daily downside limit.

Nigeria’s Debt Management Office (DMO) has opened subscriptions for the July 2026 Federal Government of Nigeria (FGN) Savings Bond, offering 14.716% per annum on a two-year note and 15.716% on a three-year note. Subscriptions run from 6 July to 10 July 2026, with the bonds priced at N1,000 per unit and a minimum investment of N5,000. The DMO said the securities are government-backed, carry tax exemptions, and are listed on Nigerian Exchange Limited for secondary-market trading.

Nigeria’s central bank has revoked the licences of 46 microfinance banks and handed their liquidation process to the Nigeria Deposit Insurance Corporation (NDIC). The affected lenders, including NOW NOW Digital MFB and Apple MFB, were cited for issues such as inadequate capital, prolonged inactivity and other regulatory shortcomings. The move is part of a broader tightening of financial-sector oversight focused on domestic, unlisted micro-lenders, and does not involve cross-border listed entities or tradable traditional assets.