Market Updates

Naira trades N1,430/$ at parallel market The naira strengthened to between 1,425 and 1,430 per dollar at the parallel market following the Central Bank of Nigeria’s renewed directive allowing the sale of foreign exchange to Bureau De Change operators, a development stakeholders say is already narrowing the gap between official... Read More →

SEC seeks NOA partnership to curb illegal schemes The Securities and Exchange Commission has expressed openness to collaborating with the National Orientation Agency to enlighten Nigerians on illegal investment schemes. The Director-General of the SEC, Dr Emomotimi Agama, stated this during a meeting with the Director-General of the NOA, Mallam... Read More →

Many Ponzi victims are civil servants – SEC DG The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has stated that many victims of Ponzi schemes in Nigeria are civil servants, warning public workers to avoid investing in unregistered entities. According to a statement from the regulator, Agama... Read More →

NGX: Investors rake in N4.14tn in three days Investors have pocketed approximately N4.14tn in gains over the three trading days of this week on the Nigerian Exchange Limited, with market capitalisation swelling to N114.38tn by the close of Wednesday’s trading session. Over the three days of trading, the All-Share Index... Read More →

Naira set to strengthen with new BDC dollar limit Financial market analysts have said that the naira would strengthen as the Central Bank of Nigeria announced that licensed Bureau de Change operators can purchase up to $150,000 weekly. The experts spoke to The PUNCH in separate chats on Wednesday following... Read More →

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 shareholders. The decision was reached during a board meeting held... Read More →