Fit Row

SUNU Assurances to raise N9.3bn via Rights Issue SUNU Assurances Nigeria Plc has officially moved to bolster its capital base, with the Board of Directors unanimously approving a plan to raise up to N9.34bn through a Rights Issue to existing... Read More →

Naira maintains strength, closes N1,351/$ at official window The naira sustained its appreciation trend at the Nigerian Foreign Exchange Market, closing at 1,351.02/dollar on Tuesday. This ongoing strengthening seen at the start of the month continued into the latest session,... Read More →

FX volatility, rising claims squeeze underwriters’ profits to N108.4bn Nigeria’s insurance industry suffered a sharp decline in profitability in 2025, as foreign exchange volatility, weaker investment income, and increased claims combined to drive performance down. According to an analysis of... Read More →

Nigeria posts $10.83bn trade surplus on stronger exports Nigeria recorded a trade surplus of $10.83bn, with exports of $44.06bn outpacing imports of $33.23bn, and strengthening its external trade position, in the first nine months of 2025. Data from the Central... Read More →

Nigeria ranked second-largest investment banking hub in SSA In 2025, Nigeria maintained its status as a cornerstone of the West African financial landscape, ranking as the second-largest investment banking market in Sub-Saharan Africa. This was indicated in the Sub-Saharan Africa... Read More →

CBN approves $150,000 weekly FX sales to BDCs The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly, according to... Read More →

FMDQ Exchange Admits UAC’s N54.03bn 7-Year Fixed Rate Bond FMDQ Securities Exchange Limited revealed that it has approved the listing of UAC of Nigeria Plc’s N54.03 billion Series 1 7-Year 17.35% Fixed Rate Bond under its N150.00 billion Issuance Programme. ... Read More →

LEGEND Makes History with NGX Market Debut Excellence Win Legend Internet Plc has won the Market Debut Excellence Award at the 2025 NGX Made of Africa Awards, hosted by the Nigerian Exchange (NGX) Group. A Statement for the company noted that... Read More →

Stock Market Gains N4.08trn in First Trading Week of February The Nigerian stock market closed the first trading week in February 2026 on a positive note, gaining N4.08 trillion to extend its winning streak. The growth was sustained as investor sentiment strengthened... Read More →

Oil sector boosts NGX to N110.23tn market cap The Nigerian Exchange Limited reached a historic high as a surge in the Oil & Gas sector drove the All-Share Index to an unprecedented 171,727.49 points. The total market capitalisation rose to... Read More →