Market Updates

NSITF Injects N1bn into Economy Through Workers’ Compensation Payouts The Nigeria Social Insurance Trust Fund (NSITF), has said that it has boosted Nigeria’s economy with over N1 billion in compensation payments to employees and families of deceased workers — a move the agency describes as both an economic stimulus and... Read More →

Equities market rebounds with N1tn investor gain The Nigerian Exchange Limited continued its bullish trading on Thursday, as the All-Share Index rose by 1.08 per cent to close at 146,981.17 points. Investors also recouped some of their losses from the recent downturn, as the market capitalisation rose by N1.00tn to... Read More →

Afreximbank backs Africa metals, minerals processing with $300m The Fund for Export Development in Africa, the development equity impact investment arm of the African Export-Import Bank (Afreximbank), has announced a $300m strategic investment in the Africa Minerals and Metals Processing Platform. In a statement signed by Communications and Events Manager... Read More →

FG unveils Nigerian content equity fund for oil companies The Federal Government, through the Nigerian Content Development and Monitoring Board, has announced the imminent launch of the Nigerian Content Equity Fund. The board said this is a financing initiative designed to provide long-term risk capital to support Nigerian oil and... Read More →

Stakeholders push gold value addition in African finance Stakeholders in the African finance and extractive sectors have called for greater value addition and integration of gold into financial systems across the continent to enhance economic resilience and wealth creation. Speaking at the recently held Gold Roadshow Africa, Executive Director of... Read More →

NASD: Norrenberger’s N1.3 billion bet shakes up Nigeria’s OTC market  Norrenberger Securities Limited has acquired a 4.35% strategic stake in NASD Plc for a stunning N1.3 billion, in what industry watchers described as the most significant institutional vote of confidence in the over-the-counter (OTC) market this year. The huge transaction,... Read More →