Economy
Nigerian stocks rally again as investors gain N1.66tn, market cap crosses N136tn
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The Nigerian equities market sustained its bullish momentum on Thursday, delivering a fresh massive gains of N1.663 trillion to investors as market capitalization surged beyond the N136 trillion mark.
At the close of trading, total market value rose by 1.23 percent to N136.435 trillion, up from N134.772 trillion recorded at the start of the session.
In the same vein, the All-Share Index (ASI) advanced by 2,583.61 points, representing a 1.23 percent increase, to settle at 211,901.02, compared to 209,317.41 in the previous trading day.
The market’s Year-To-Date (YTD) return strengthened further to 36.17 percent, while sentiment remained positive as 45 stocks posted gains against 20 decliners.
Leading the gainers’ table were Trans-Nationwide Express and Guinea Insurance, both appreciating by 10 per cent to close at N5.50 and N1.21 per share, respectively. Aradel rose by 9.99 percent to N1,547.50; Ecobank Transnational gained 9.97 percent to close at N61.20, while Daar Communications climbed 9.93 percent to N1.66 per share.
On the losers’ side, Ikeja Hotel topped the chart with a 9.73 per cent decline to N33.40. WAPIC followed with an 8.77 per cent drop to N2.60, while CAP shed 8.61 per cent to close at N95 per share. International Energy Insurance and McNichols also recorded losses of 8.18 per cent and 5.82 per cent, respectively.
Trading activity, however, slowed during the session. Total volume traded declined by 17.19 percent to 584.96 million shares valued at N34.76 billion across 45,559 deals.
Zenith Bank emerged as the most actively traded stock, accounting for 61.74 million shares worth N7.60 billion, representing 10.55 per cent and 21.86 per cent of total volume and value, respectively.
The latest performance extends the market’s winning streak to four consecutive sessions, following a strong N2.28 trillion gain recorded on Wednesday.
The Black Market Dollar-to-Naira Exchange Rate for 16th July 2026 Can Be Accessed Below.
NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 16th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1420 and buy at ₦1405 on Thursday, 16th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1420
Buying Rate ₦1405
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1384
Lowest Rate ₦1379
Nigeria’s pension assets have risen by 51 per cent over the past two years, from N 20. 7 trillion to N 31. 48 trillion, while nearly one million new contributors have joined the Contributory Pension Scheme, Omolola Oloworaran, Director- General of the National Pension Commission (PenCom), said on Tuesday.
Oloworaran attributed the growth to renewed public confidence in the nation’s pension system, saying reforms introduced by the President Bola Tinubu administration had strengthened the industry’s credibility and expanded participation.
She disclosed this while briefing journalists at the Meet the Press session organised by the Presidential Communications Team at the Presidential Villa, Abuja.
According to her, pension assets increased by N 10. 7 trillion over the period, reflecting what she described as restored trust in the system.
“Every successful pension system on Earth is built on a simple foundation: confidence—confidence that contributions are safe, confidence that institutions work, confidence that after decades of honest labour, retirement will bring security, not uncertainty. Two years ago, that confidence needed restoring. Today, the verdict is in.
“Pension assets have grown from N 20. 7tn to N 31. 48tn as at this month. That is a 51 per cent increase, representing N 10. 7tn in new retirement wealth.
“Let me say plainly what those numbers mean: confidence is back, and the system is growing,” she said.
The PenCom boss noted that the growth was driven not only by improved investment performance but also by increased enrolment, with 938, 938,229 new contributors joining the Contributory Pension Scheme over the past 24 months.
She said the commission had also prioritised translating the growth in pension assets into improved welfare for retirees.
According to Oloworaran, aggregate monthly pension payments have risen by 22 per cent, increasing from N 12. 2 billion to N 14. 9 billion.
She further disclosed that following the implementation of the new national minimum wage, the Federal Government approved a N 32, 000 monthly consequential pension adjustment for eligible retirees of treasury- funded Ministries, Departments and Agencies who retired on or before July 29, 2024.
She said more than 195, 195,000 pensioners have already benefited from the upward review, describing it as part of the administration’s commitment to improving the welfare of retired public servants.
The Black Market Dollar-to-Naira Exchange Rate for 14th July 2026 Can Be Accessed Below.
IMPORTANT NOTE: The exchange rate changes hourly. It depends on the volume of dollars available and the Demand. This means…you can buy or sell 1 dollar at a certain rate, and the price can change (high or low) within hours.
The official naira black market exchange rate in Nigeria today, including the Black Market rates, Bureau De Change (BDC), and CBN rates.
Please note that the exchange rate is subject to hourly fluctuations influenced by the supply and demand of dollars in the market.
What’s the dollar to naira black market today, 14th July 2026?
The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players sell a dollar for ₦1425 and buy at ₦1410 on Tuesday, 14th July, 2026, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira Black Market Rate Today
Dollar to Naira (USD to NGN) Black Market Exchange Rate Today
Selling Rate ₦1425
Buying Rate ₦1410
Dollar to Naira CBN Rate Today
Dollar to Naira (USD to NGN) CBN Rate Today
Highest Rate ₦1381
Lowest Rate ₦1378
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