Market Updates

NAICOM mandates NIN, CAC compliance for insurance policyholders The National Insurance Commission has issued a new directive mandating stricter Know-Your-Customer requirements for insurance contracts. According to the circular issued on Friday, which was signed by the Deputy Director (Market Conduct & Complaints Bureau), Olugbenga Jaiyesimi, for the Commissioner for Insurance,... Read More →

Leadway secures regulatory approval for PAL Pension acquisition The National Pension Commission has issued regulatory approval for Leadway Holdings Limited’s acquisition of Pensions Alliance Limited. This was revealed in a statement shared with The PUNCH on Saturday. The PUNCH reports that Leadway announced it had reached an agreement to acquire... Read More →

NGX foreign trades hit unprecedented N2.03tn milestone Foreign portfolio investors have returned to the Nigerian Exchange Limited in record numbers, with transactions hitting N2.03tn as of October 2025, a level that surpasses all annual foreign participation recorded since 2007. This was disclosed in the latest Domestic & Foreign Portfolio Investment... Read More →

Summit to spotlight technology-led compliance — SEC The Securities and Exchange Commission has emphasised the need for the integration of technology-driven compliance practices across Nigeria’s capital market ahead of the SEC/Nigerian Capital Market Institute Compliance Summit 2025. According to the regulator, the compliance conference scheduled to be held in Lagos... Read More →

Auditor-General indicts CBN over recycled N29.7bn dirty banknotes The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria, under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in violation of the apex bank’s own Clean Note... Read More →

VFD Group redeems N12.8bn commercial paper Investment firm VFD Group has announced the successful redemption of its N12.83bn Series 5 Commercial Paper issued under its N20bn CP Programme. According to a statement from the firm on Tuesday, the redemption was executed on its maturity date of 14 November 2025. The... Read More →