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.