Market Updates

The Committee of e-Business Industry Heads has elected a new Executive Committee led by Mrs Abidemi Asunmo as Chairman, with a mandate to deepen collaboration, strengthen advocacy, and drive innovation across Nigeria’s financial and payments ecosystem. Asunmo, who is the Group Head of e-Business and Transaction Banking at PremiumTrust Bank,... Read More →

Bankit Microfinance Bank has announced its transition to WayvePay, marking a significant new chapter in its ambition to build a smarter, faster, more secure, and accessible digital banking and payments platform for Nigerians. The transition goes beyond a change of name and visual identity, representing the evolution of the bank’s... Read More →

AXA Mansard has launched its maiden pan-African brand campaign in Nigeria, introducing a strategic movement tagged ‘Culture of Care’ aimed at reigniting shared societal values around community support and protection. The initiative seeks to celebrate everyday caregivers across the continent while positioning human empathy as the foundation for formal financial... Read More →

The Nigerian Exchange (NGX) sustained its bullish momentum on Thursday, September 17, 2026, with investors gaining approximately N1.18 trillion as the market capitalization of listed equities rose to N159.9 trillion from N158.71 trillion recorded in the previous trading session. Investors exchanged 1.1 billion shares in 54,026 deals, about double the... Read More →

Airtel Africa Plc is considering cutting the amount it plans to raise from the initial public offering (IPO) of its mobile money business, Airtel Money, by as much as 60% to at least $800 million, according to people familiar with the matter. Bloomberg reported the development on Thursday, September 17,... Read More →

The value of Tony O. Elumelu’s stake in Seplat Energy Plc has increased by approximately N311.5 billion in just over two weeks, following a sharp rise in the energy company’s share price on the Nigerian Exchange Limited (NGX). Elumelu’s stake, held indirectly through Heirs Energies Ltd and Heirs Holdings Ltd,... Read More →