May 2026

CBN, CIBN advocate stronger female banking leadership The African Women in Banking and Finance Association has held the maiden edition of its conference in Lagos, with several female key players from various institutions across the sector in attendance to advocate... Read More →

Naira strengthens to N1,853/£1 against British Pound amid UK’s political instability The Nigerian Naira has recovered from its April lows and shown signs of resiliency in the first half of May, while the British pound hit monthly lows amid a... Read More →

SEC approves FCMBAM mutual funds rebranding FCMB Asset Management Limited has secured approval from the Securities and Exchange Commission for the execution of supplemental Trust Deeds covering its mutual funds, including the rebranding of its legacy funds and reduction in... Read More →

Mutual Benefits pays N5.5bn April claims Mutual Benefits Assurance Plc has announced the disbursement of over N5.5bn in claims to its policyholders for the month of April 2026 in a significant demonstration of financial strength and operational reliability. The payout,... Read More →

Stock market sheds N170bn as investors dump mid-caps The Nigerian equities market retreated on Thursday as a wave of mild profit-taking in several mid-cap stocks dampened the recent rally, resulting in a total loss of N170bn for investors. This downward... Read More →

NEM Insurance proposes N1.50 dividend NEM Insurance Plc has announced a dividend proposal of N1.50 per ordinary share, totalling approximately N7.52bn, following a year of robust revenue growth and market expansion despite a volatile macroeconomic climate. The announcement was made... Read More →

SEC raises alarm over shady online investment platforms The Securities and Exchange Commission has warned Nigerians against the growing number of unregistered online investment schemes being promoted across social media platforms, describing many of them as Ponzi operations designed to... Read More →

Coronation Asset Management Launches Coronation Equity Fund Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme designed to help investors participate in the long-term growth potential of the Nigerian equities market. The timing is deliberate.... Read More →

Stock Market Gains N1.52trn in One Day to Lift Capitalisation Above N161tn  The Nigerian stock market yesterday maintained its positive momentum as investors’ return advanced by an estimated N1.52 trillion to bring the total market capitalisation above the N161 trillion... Read More →

FX Market Turnover Hits $8.51bn, N1.06tn Maturities to Boost Banking Liquidity This Week Nigeria’s foreign exchange market recorded a sharp increase in trading activity in April 2026, with total turnover on the Nigerian Foreign Exchange Market (NFEM) rising to $8.51... Read More →