Market Updates

The Nigerian equities market sustained its bullish momentum to close trading activities for the month of August on a positive note, as the total market capitalisation rose by N1.913tn. At the close of trading, the All-Share Index gained 2,900.92 points, representing a 1.20 per cent growth to settle at 244,199.39... Read More →

NSIA Insurance Limited has declared a strategic pivot to operate exclusively as a specialist non-life insurance provider, while confirming the ceding of its entire life insurance business to CHI Life Assurance Limited. The announcement was made on Monday during a press conference in Lagos following the company’s 2026 Annual General... Read More →

PZ Cussons Nigeria Plc has notified the Nigerian Exchange Limited and the investing public of its proposed corporate actions for the financial year ended 31 May 2026, recommending a final dividend of N2.50 per ordinary share of 50 kobo each. The proposed dividend payout is subject to appropriate withholding tax... Read More →

Afriland Properties Plc has announced the appointment of Mrs Agatha Obiekwugo as the Chairman of its Board of Directors, succeeding Mr Emmanuel Nnorom, who is retiring after leading the board for over a decade. Obiekwugo joined the board of Afriland Properties in October 2018 as a non-executive director. During her... Read More →

The National Pension Commission has initiated high-level engagements with the Lagos State Government and the Lagos State Pension Commission over ongoing concerns surrounding the administration of benefits under the Contributory Pension Scheme, particularly the implementation of pension increments and approved wage awards. PenCom made this known in an official statement... Read More →

Crude oil prices have risen above $90 per barrel after the United States and Iran resumed military strikes over the Strait of Hormuz, reviving concerns about disruptions to global oil supplies through the strategic waterway. The renewed hostilities came on Monday, August 31, after the US struck Iranian rocket launchers... Read More →