Market Updates

Vitafoam declares N3.75bn dividend after profit surge Shareholders of Vitafoam Nigeria Plc have approved a N125 m capital injection through a bonus share issue and endorsed a N3.75 bn dividend payout. This signalled strong investor confidence in the company’s improving financial performance. The approvals were granted at the company’s Annual... Read More →

Champion Breweries meets NGX free float requirement Champion Breweries Plc has announced that it has achieved full compliance with the minimum free float requirement for companies listed on the Main Board of the Nigerian Exchange Limited. The company disclosed in a statement that it received confirmation from NGX Regulation Limited... Read More →

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 →