Market Updates

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 →

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, as reflected in the NFEM rate. At the official window,... 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 the unaudited financial reports of 17 underwriters listed on the... Read More →