The Silicon Race: How Lithography Became the Engine Room of the AI Economy
From generative AI systems and autonomous vehicles to defence systems and hyperscale cloud infrastructure, the global AI boom is accelerating demand for increasingly advanced chips. At the centre of this transformation lies one of the world’s most complex manufacturing technologies: Extreme Ultraviolet (EUV) lithography…
Navigating the Barbell: Liquidity Surfeits Amidst Macroeconomic Contraction
The secondary market trading was range-bound but uneven. T-bills held around 16.47%–16.50% as selective buying (Jun-26, Nov-26, Feb-27) met profit-taking, keeping yields anchored. OMOs stayed elevated at ~19.80%–20.40%. FGN bond yields drifted up into the high-16s, led by selling in the 2031–2034 belly, while demand in 2027–2030 and the long end tempered the bearish move…
COMMENTARIES: LEGALITY & ENFORCEABILITY OF UNSTAMPED CONTRACTS IN NIGERIA
This article seeks to examine the legality and enforceability of unstamped contracts in Nigeria, and to state the relevant statutory provisions and their practical implications. In addition, it seeks to clarify whether non-compliance with stamping requirements merely affects admissibility in evidence or goes further to undermine the validity of the contract and to what extent such defects may be remedied.
Nigeria’s Resilience: When Liquidity Meets Discipline
Money market rates were relatively stable, with the Open Repo Rate (OPR) steady at 22.00%, while the Overnight rate (O/N) opened at 22.23%, peaked at 22.29% before closing at 22.20%. In the currency market, Naira traded between $/₦1,340.00 and $/₦1,361.50, before closing at $/₦1,358.44 on Friday.
Nigeria’s Liquidity-Driven Stability Meets Inflation Repricing
The Nigerian financial markets traded through a week defined by resilient liquidity despite inflation-led repricing pressures and cautious risk-taking across asset classes. Interbank liquidity remained structurally strong, easing from a ₦4.79trn surplus to ₦3.84trn (-22.7% WTD), while money market rates stayed anchored with OPR steady at 22.00% and O/N oscillating around 22.16%–22.35%, reflecting sustained CBN liquidity sterilisation.
Nigeria’s Fixed Income and Equity Markets Consolidate Despite Global Volatility
Even as the Naira strengthened and equities edged higher, the message across markets was consistent, thereby illustrating a cycle that is no longer a panic-driven cycle, but one cautious repositioning, and capital is not fleeing risk, but repricing it with precision.
Nigeria’s Fixed Income and Equity Markets Weather Global Volatility
Nigeria’s foreign reserves declined further from the end of March 2026 to April 1, 2026, easing from $49.48 billion to $49.18 billion, with a gross amount of approximately $300.34 million (-0.61%). Blocked funds mirrored the easing from $751.41 million to $743.14 million (-1.11%), and a blocked reserve ratio of 1.51%, displaying heightened external shocks and FX liquidity pressure.
Selective Liquidity, Rising Yields: Markets Navigate Volatility with Cautious Precision
Interbank liquidity opened the week at ₦8.15trn surplus, peaking at ₦8.87trn on Thursday, and declined to ₦5.93trn by Friday, marking a week-to-date decrease of 27.3%.
Financial Markets at an Inflection Point: Navigating Disinflation, Policy Tightening, and Selective Risk Appetite
Financial Markets at an Inflection Point: Navigating Disinflation, Policy Tightening, and Selective Risk Appetite [Market Review]
The Ripples of Global Oil Volatility Market Impact
The Ripples of Global Oil Volatility Market Impact [Weekly Review]