Market Updates

SUNU Assurances announces N9.3bn rights issue plan SUNU Assurances Nigeria Plc has officially initiated a plan to raise N9.3 bn in fresh equity capital through a Rights Issue. This is a strategic move to comply with the new regulatory landscape set by the Nigerian Insurance Industry Reform Act 2025. The... Read More →

Investment house Comercio Partners has said that the year 2025 proved to be a transformative year for the naira, as it marked its first annual appreciation in 13 years, with the currency strengthening by approximately 6.87 per cent against the United States dollar. The experts, in their 2026 economic outlook... Read More →

CBN gold holdings rise to $3.5bn The Central Bank of Nigeria has received domestically sourced gold refined to international standards into the country’s foreign reserves, raising its total gold holdings to about $3.5bn. The apex bank disclosed this in a statement issued on Wednesday, noting that the bullion was refined... Read More →

Stock Market Up Marginally as Investors Maintain Cautious Approach The Nigerian equities market edged marginally higher yesterday as the Nigeria Exchange Limited (NGX) All-Share Index (ASI) went up by 0.08% from 196,605.33 to 196,629.83. The slight uptick suggests cautious investor participation with balanced buying and selling pressure across counters. Overall, market sentiment appeared... Read More →

‘Nigeria Undergoing Restructuring, Economic Reforms’ A political interest group, the Global Alliance for Tinubu Campaign (GATC), has said that the federal government is responding to the yearnings of Nigerians through the implementation of various reform initiatives. Apart from tackling insecurity, the group said the present administration is already addressing the... Read More →

NGX Group Appoints Olaniyan as Group Chief Strategy Officer Nigerian Exchange Group Plc (NGX Group) has announced the appointment of Ms. Jumoke Olaniyan as Group Chief Strategy Officer, further strengthening its executive leadership as the Group advances its next phase of strategic growth, digital transformation, product innovation and market development.... Read More →