Weekly Market Review: Naira Strengthens, Fixed-Income Yields Ease and NGX Rebounds on FTSE Reclassification
Nigerian markets saw a significant shift in August 2026. The Naira strengthened, while fixed-income yields eased on strong primary market demand. Concurrently, the equities market rebounded on news of Nigeria’s return to the FTSE Russell Frontier Market status. This combination of factors led to a more selective investor approach, moving towards defensive assets, liquidity, and yield in a cautious global environment.