Market Updates

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 →

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 →