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What to Expect from the Markets this Week – 23rd March 2026 Nigeria's macroeconomic environment delivered a layered set of signals in the week ended March 18, 2026, with the disinflation narrative under partial pressure even as capital market conditions remained broadly supportive. Headline inflation eased marginally to 15.06% in February from 15.10% in January, continuing the descent from the November 2024 peak of 34.60%, but the monthly data told a more cautious story. Month-on-month, headline inflation rose 90 basis points to 2.01%, and food inflation resurged sharply to 12.12% from a decade-low 8.89% in January. Core inflation's decline to 15.88% from 17.72% offers some comfort on the structural side, but the reversal in food prices is a policy-relevant development that narrows the @cenbank's room for accommodation. The ongoing US-Israel-Iran conflict introduces an additional distortionary risk to this trajectory through energy cost pass-through. Nigeria's 2025 balance of payments recorded a US$4.23bn surplus, down from US$6.83bn in 2024, reflecting a moderation in current account inflows and a 48.3% decline in foreign portfolio investment to US$8.04bn. The naira appreciated modestly in both official and parallel market segments, with the NFEM rate strengthening to N1,353.90 per dollar and the official-parallel spread narrowing to N26.10. Fixed income markets showed measured movement, with the NTB auction drawing a 2.92x bid-to-cover ratio as investors continued to favour shorter-duration risk-free instruments. The @ngxgrp ASI gained 1.39% in a three-day trading week, with industrial goods and banking-value names driving concentrated outperformance. The week of March 23 opens with the Iran war in its fourth week, the South African Reserve Bank rate decision, and Germany's Q4 2025 GDP print all in calendar view. For domestic investors and policy watchers, execution discipline on the disinflation path and the trajectory of food prices will set the tone for the CBN's next policy assessment. proshare.co/articles/what-…

The evolving migration arrangement between the United Kingdom and Nigeria is being widely interpreted through the narrow lens of deportation enforcement. Yet, as argued in this OpEd, such a reading understates the deeper strategic context in which the agreement sits. What is presented as an administrative mechanism to accelerate returns is, in effect, part of a broader negotiation architecture spanning trade, investment, mobility, and regulatory cooperation. @collinsnweke argues that the central issue is not whether Nigeria fulfils its sovereign obligation to receive its citizens, but whether it extracts commensurate value in return. Framed correctly, migration becomes an instrument of economic diplomacy, where mobility, capital flows, and national reputation are negotiated in tandem. The implication is evident in an outcome that ensures the balance between compliance and leverage determines whether this partnership reinforces asymmetry or advances mutual economic interest. proshare.co/articles/beyon…

Contact Us: To list your events, e-mail market@proshare.co, WhatsApp 0902-407-5284 For feedback, further information, enquiry or clarifications, contact market@proshare.co or research@proshare.co Tel: 0700PROSHARE (070077674273). Follow us @proshare @ecopoliticsNG @TheAnalystNG and @Personalfinng on Twitter and @proshare across other social media platforms Follow @webtvnigeria for coverage and updates. Check out our Events Calendar for event details as the week unfolds. Yours to Serve! 🔗 proshare.co/articles/list?…

The Nigerian Economic Dashboard, 20th March, 2026, via @ecopoliticsNG 🔗 proshare.co/articles/what-… cc: @FinMinNigeria, @NGRPresident, @cenbank, @DMONigeria, @ngxgrp, @NASDNG, @NBS_Nigeria

What to Expect from the Markets this Week – 23rd March 2026 Nigeria's macroeconomic environment delivered a layered set of signals in the week ended March 18, 2026, with the disinflation narrative under partial pressure even as capital market conditions remained broadly supportive. Headline inflation eased marginally to 15.06% in February from 15.10% in January, continuing the descent from the November 2024 peak of 34.60%, but the monthly data told a more cautious story. Month-on-month, headline inflation rose 90 basis points to 2.01%, and food inflation resurged sharply to 12.12% from a decade-low 8.89% in January. Core inflation's decline to 15.88% from 17.72% offers some comfort on the structural side, but the reversal in food prices is a policy-relevant development that narrows the @cenbank's room for accommodation. The ongoing US-Israel-Iran conflict introduces an additional distortionary risk to this trajectory through energy cost pass-through. Nigeria's 2025 balance of payments recorded a US$4.23bn surplus, down from US$6.83bn in 2024, reflecting a moderation in current account inflows and a 48.3% decline in foreign portfolio investment to US$8.04bn. The naira appreciated modestly in both official and parallel market segments, with the NFEM rate strengthening to N1,353.90 per dollar and the official-parallel spread narrowing to N26.10. Fixed income markets showed measured movement, with the NTB auction drawing a 2.92x bid-to-cover ratio as investors continued to favour shorter-duration risk-free instruments. The @ngxgrp ASI gained 1.39% in a three-day trading week, with industrial goods and banking-value names driving concentrated outperformance. The week of March 23 opens with the Iran war in its fourth week, the South African Reserve Bank rate decision, and Germany's Q4 2025 GDP print all in calendar view. For domestic investors and policy watchers, execution discipline on the disinflation path and the trajectory of food prices will set the tone for the CBN's next policy assessment. proshare.co/articles/what-…

#WhatToExpect: Check the slides to see our programmes schedule for next week. #EconomyAndPolitics #WebTVFocus #IslamicFinanceWeekly #WebTVNigeria

The formalisation of a strategic partnership between @myaccessbank and @KingsTrustInt signals a deeper shift in how private capital and development expertise are being aligned to address Africa’s structural employment challenge. Beyond its philanthropic framing, the collaboration reflects a deliberate move toward embedding youth enterprise within the broader architecture of inclusive growth, where skills development, access to opportunity, and financial intermediation converge. The agreement, signed by Roosevelt Ogbonna and Will Straw CBE, brings together King's Trust International's programme delivery expertise with Access Bank's continental footprint spanning 25 countries and more than 60 million customers. The transaction carries weight beyond its institutional symbolism. Africa's demographic trajectory places youth economic inclusion among the most consequential structural challenges facing the continent's policymakers and private sector alike, and interventions that connect financial infrastructure with skills delivery represent a more durable model than either actor could sustain independently. By combining Access Bank’s continental scale with King’s Trust International’s programmatic experience, the initiative introduces a more coordinated model for workforce readiness and support for entrepreneurship. For investors monitoring @theaccesscorp, the partnership reinforces the group's strategic positioning at the intersection of inclusive finance, brand equity, and long-term continental relevance. proshare.co/articles/acces…

Brent crude's approach toward $109 per barrel, marking a fifth consecutive week of gains, is less a commodity story than a structural signal about the reliability of global energy supply chains. With the Strait of Hormuz entering its third week of closure and damage to Qatar's Ras Laffan complex estimated to take three to five years to repair, seaborne energy supply has entered a period of durable, not transient, constraint. For Nigeria, elevated oil prices carry dual significance: they support fiscal revenue assumptions while tightening import cost pressures. proshare.co/articles/oil-e…

Nigeria’s Inflation rate for February, 2026 according to the National Bureau of Statistics, @NBS_Nigeria, reached 15.06% as global economic uncertainties from the middle east tensions and conflicts between the US-Israel vs Iran festers. Watch: youtu.be/070TWs3JLSQ

“The Consumer Protection Framework and Regulation are currently under review. The need to protect consumers in ensuring their financial health is now.” - Dr. Aisha Isa-Olatinwo, Director, Consumer Protection and Financial Inclusion, @cenbank Watch full video👇🏼 youtu.be/fxX0hbBtESk Cc: @OlufemiAwoyemi @CAFEiNGO

In this episode of #IslamicFinanceWeekly, we explore the true spirit of Ramadan, the responsibility of Muslims toward the less-privileged, and how faith-driven giving can help ease hardship within our communities. Watch full video👇🏽 youtu.be/8YzRlP0LW20 #eidmubarak #ramadan

Weekly Snapshot on the African Economy as at 20th March 2026 Africa's macroeconomic landscape is seeing a complex convergence: disinflation trends are taking hold in anchor economies, yet energy cost pressures, currency vulnerabilities, and shifting trade alliances continue to test policy credibility. From Nigeria's easing inflation and South Africa's eight-month price low to Egypt's surging gas import bill and Mozambique's smelter crisis, the continent is simultaneously consolidating gains and managing new structural risks. Meanwhile, landmark infrastructure commitments, a £746m UK-backed port upgrade in Lagos, Kenya's revived China-backed railway, and the full restart of Mozambique LNG, suggest that long-term capital is returning with selectivity and strategic intent. The week's most consequential signal is not any single data point but the visible tightening of Africa's integration into global trade, technology, and financial architectures on increasingly sovereign terms. proshare.co/articles/weekl…

A Historic End to a Historic Visit: Tinubu Projects Cultural Power as State Visit Concludes with Nigerian Modernism at Tate Modern The closing moments of President @officialABAT’s state visit to the United Kingdom were deliberately staged beyond the familiar terrain of policy and protocol, shifting instead into the realm of cultural signalling. At the Tate Modern, the “Nigerian Modernism” exhibition served less as an artistic showcase and more as a calibrated assertion of Nigeria’s soft power, positioning culture as a strategic asset within its broader global engagement framework. What emerged from the event was a subtle but important reframing: Nigeria’s international posture is no longer confined to macroeconomic reform or diplomatic negotiation but increasingly extends to narrative control, identity projection, and creative economy leverage. The involvement of institutions such as @theaccesscorp and @coronation_ng further underscores a growing alignment between capital and culture, suggesting that private sector actors are beginning to internalise cultural diplomacy as part of long-term value creation and influence. It signals that Nigeria's soft power infrastructure is increasingly co-financed by its private sector, rather than simply delegated to the government. For investors and executives tracking the UK-Nigeria relationship, the Tate Modern reception is a quiet but readable indicator of how the Renewed Hope Agenda intends to compete for global institutional attention, through culture as much as through capital. In effect, the exhibition was not merely a closing ceremony. It was a signal that Nigeria is testing a broader playbook in which culture complements capital and identity becomes an instrument of strategy. Indeed, the Nigerian Modernism exhibition gave the visit its most resonant closing note and made a point that no communiqué could have made quite as cleanly: Nigeria's cultural identity is not supplementary to its economic ambitions. It is part of the argument. Cc: @myaccessbank proshare.co/articles/a-his…

Nigeria in 1min: Economic, Business and Financial Market Headlines – 200326 Nigeria's capital markets closed for the week on Wednesday for the Eid holidays, against a backdrop of converging regulatory consolidation and rising global commodity risk. The banking recapitalisation programme has entered its final accounting phase, with 30 of 37 institutions now meeting @cenbank minimum capital requirements, and verified capital raised surpassing N4.05 trillion. This is a structural development for credit formation and investor confidence, not merely a regulatory compliance event. Separately, the @SECNigeria has revised minimum capital thresholds for capital market operators, with a June 2027 deadline that will drive further consolidation across the intermediation and advisory landscape. Externally, the Iran conflict has accelerated oil price stress, with the Brent premium over WTI widening sharply and shipping fuel shortages beginning to surface in West Africa. European sovereign bond yields are climbing as central banks reassess rate trajectories. Nigeria's overall Balance of Payments surplus fell 38 percent to $4.23 billion in 2025, narrowing the external buffer at a moment when import cost pressures are building. The UK financing agreement for port rehabilitation offers a constructive medium-term signal for trade infrastructure, though near-term energy supply constraints in the power sector remain unresolved. Cc: @business, @BusinessDayNg, @Reuters, @GuardianNigeria, @MobilePunch, @thecableng, @TechCrunch, @TechCabal, @technextdotng, @vanguardngrnews, @daily_trust, @CNBC, @TheNationNews proshare.co/articles/niger…

Nigeria, UK sign £747m financing agreement to rehabilitate the Apapa and Tin Can Island ports in Lagos proshare.co/articles/niger…

As we celebrate Eid-ul-Fitr, we wish our community peace, prosperity, and continued success. May this season bring renewed hope and happiness to you all. Eid Mubarak from all of us at Proshare. 🌙

Banks Recapitalisation Watch for the Week Ended March 19, 2026 Nigeria's banking sector has largely completed one of the most structurally significant capital exercises in its history. With 30 of 37 institutions in the Proshare compliance tracker now meeting or exceeding the @cenbank's revised minimum capital thresholds, and verified capital raised exceeding N4.05 trillion, the recapitalisation programme has delivered outcomes that go beyond regulatory compliance. Domestic investors have provided 71.67 per cent of the capital raised, while foreign participation at 28.33 per cent signals continued institutional confidence in the Nigerian banking sector's medium-term trajectory. What the capital raising data reveals, taken together, is a sector that has been meaningfully reorganised: balance sheets are materially stronger, institutional investor participation in rights issues and public offers has been broadly sustained, and the diversity of instruments used, ranging from rights issues to private placements and parent-group capital injections, reflects the variety of strategic circumstances among participating institutions. The corrected edition of the tracker, incorporating arithmetic audit revisions applied on March 19, 2026, refines the post-recapitalisation capital figures for @UBAGroup, @MyFCMB, and several national licence institutions. These four positions remain unresolved. @UnityBankPlc and @ProvidusBank are in the final stages of a court-sanctioned business combination, with a hearing adjourned to March 13, 2026. @PolarisBankLtd, @keystonebankng and @UNIONBANK_NG have not publicly disclosed their recapitalisation routes as of March 19. All other institutions tracked in the Proshare database have confirmed compliance through verified capital figures. The CBN's directive to commence stress testing on April 1, 2026, marks the transition from capital compliance to capital resilience. In the twelve days remaining before the deadline, the question for institutional investors is not whether the sector has recapitalised, but how effectively the new capital will be deployed and whether the quality of balance sheet expansion will withstand the CBN's forthcoming supervisory assessment. Cc: @FirstBankngr, @theaccesscorp, @myaccessbank, @Sterling_Bankng, @SECNigeria, @ZenithBank, @wemabank, @ecobank_nigeria, @gtbank, @fidelitybankplc, @StanbicIBTC, @thepremiumtrust, @GlobusBankNG, @JaizBankNG, @Citi Read more: proshare.co/articles/banks…

Stakeholders at CAFEI 5th Annual Symposium Explore Avenues for Strengthening Consumer Protection proshare.co/articles/stake…

The @SECNigeria has raised minimum capital requirements for market operators in some categories by more than sixfold, effective by a compliance deadline of June 2027. Grounded in the Investments and Securities Act 2025, the directive narrows the definition of qualifying capital to audited, fully paid instruments, signalling a regulatory preference for balance-sheet substance over structural form. The framework permits consolidation and licence downgrades as transition pathways, indicating measured pragmatism alongside structural ambition. Operators face an interim obligation: board-approved recapitalisation plans by April 30. For the trading session, attention turns to how broker-dealers and fund managers price the compliance burden and whether consolidation signals are beginning to surface in positioning. read more: proshare.co/articles/sec-r…