Market Updates

Pension reforms lift NGX 6.16%, add N6.79tn The Nigerian equities market experienced a massive bullish run during the past week as a major regulatory shift by the National Pension Commission triggered a wave of institutional buying. The NGX All-Share Index surged 6.16 per cent to close at a record 182,313.08... Read More →

UACN lists N54.03bn bond on FMDQ Exchange The FMDQ Securities Exchange Limited has approved the listing of UAC of Nigeria PLC’s N54.03 billion bond on its platform in a move aimed at advancing Nigeria’s debt capital markets and facilitating sustainable economic development. According to a statement on Sunday, the N54.03... Read More →

Lagos lists N244.8bn dual bonds on NGX The Lagos State Government has formally listed two massive bonds totalling N244.815 bn on the Nigerian Exchange Limited. This was disclosed in the weekly market report of the NGX on Friday. The listings fall under the state’s ambitious N1tn Debt and Hybrid Instruments... Read More →

Naira trades N1,430/$ at parallel market The naira strengthened to between 1,425 and 1,430 per dollar at the parallel market following the Central Bank of Nigeria’s renewed directive allowing the sale of foreign exchange to Bureau De Change operators, a development stakeholders say is already narrowing the gap between official... Read More →

SEC seeks NOA partnership to curb illegal schemes The Securities and Exchange Commission has expressed openness to collaborating with the National Orientation Agency to enlighten Nigerians on illegal investment schemes. The Director-General of the SEC, Dr Emomotimi Agama, stated this during a meeting with the Director-General of the NOA, Mallam... Read More →

Many Ponzi victims are civil servants – SEC DG The Director-General of the Securities and Exchange Commission, Dr Emomotimi Agama, has stated that many victims of Ponzi schemes in Nigeria are civil servants, warning public workers to avoid investing in unregistered entities. According to a statement from the regulator, Agama... Read More →