Market Updates

Insurance stocks soar as investors favour cheaper equities The Nigerian Exchange witnessed a quiet but notable shift in investor activity on Thursday, as insurance stocks outperformed banking equities, reflecting growing interest from retail investors in low-priced securities. Trading data showed that the banking sector remained subdued, with United Bank for... Read More →

Equity market rebounds with N694bn gain The Nigerian Exchange closed Thursday on a strong note, rebounding with a N694 bn gain after a week of losses as investors returned to the market, driving selective gains across key sectors. The NGX All-Share Index rose by 1,088.61 points, or 0.74 per cent,... Read More →

Banks strengthen capital base as CBN tightens controls Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system, OLUWAKEMI ABIMBOLA writes Nigeria’s banking system remains stable and resilient, a key... Read More →

Benson: N235bn Public Offer Will Boost Industrial Scale Chief Financial Officer, Ellah Lakes, Hewett Benson, in this interview said the company’s N235 billion public offer is a catalyst for structurally stable financial footing and industrial scale. Raheem Akingbolu brings the excerpts: Ellah Lakes is a diversified agro-industrial giant that launched a N235 billion Offer for Subscription. Can you briefly outline the core value proposition... Read More →

CRMI, SEC train operators in enterprise risk management The Chartered Risk Management Institute of Nigeria has collaborated with the Securities and Exchange Commission to train regulated capital market entities in strengthening enterprise risk management. According to the CRMI, the training was part of ongoing efforts to deepen investor confidence, enhance... Read More →

CBN FX reforms stabilise economy as oil prices slide The recent slump in global oil prices has rattled several oil-reliant nations, but Nigeria appears to be charting a different course. This time, it is deliberate policy rather than favourable fortune that seems to be providing the buffer. SAMI TUNJI examines how the... Read More →