Market Updates

In Show of Confidence, Investors Oversubscribe Lagos N200bn Bond In a historic show of confidence, investors have oversubscribed Lagos State’s N200 billion Conventional Bond. The transaction was overbooked by 55 per cent, yielding N310 billion. The overwhelming reception from the investment community represented a historic demonstration of trust in the... Read More →

SEC, FMBN collaborate to tackle housing deficit The Securities and Exchange Commission and the Federal Mortgage Bank of Nigeria have announced a strategic collaboration to develop a robust non-interest mortgage ecosystem. This was disclosed in a statement from the SEC on Friday, indicating that the partnership is aimed at tackling... Read More →

Champion Breweries holds signing ceremony for N15.9bn Rights Issue Champion Breweries Plc has held a formal signing ceremony to advance its plan to raise N15.9bn through a Rights Issue to existing shareholders. A statement from the firm on Sunday said the ceremony, held on Friday, marks a significant milestone in... Read More →

Universal Insurance posts 386% profit on investment rebound Universal Insurance Plc has announced its financial accounts for the nine months ended September 2025, revealing a significant surge in profitability primarily fuelled by enhanced investment performance. According to the insurer’s unaudited results for the first three quarters of the year, its... Read More →

FCMB Group to raise share capital FCMB Group Plc is set to seek the approval of its shareholders to increase its share capital as part of its ongoing capital-raising programme. This was contained in the Notice of Extraordinary General Meeting filed on the Nigerian Exchange Limited on Friday. The PUNCH reports... Read More →

Nearly $3bn spent on Eurobond debt servicing under Tinubu The Federal Government has spent about $2.93bn servicing Eurobond debt across eight quarters under President Bola Tinubu, according to an analysis of external debt-service records published by the Debt Management Office. The data, covering Q3 2023 to Q2 2025, show that... Read More →