Market Updates

AFC, NGX unveil capacity programme to bridge infrastructure funding gap Africa Finance Corporation and Nigerian Exchange Limited have partnered to strengthen the technical capabilities of stakeholders in structuring and financing infrastructure projects through Nigeria’s capital markets. According to a statement from the partners on Monday, the duo recently concluded a... Read More →

Chen:  Bitget’s US Stock-linked Futures Surpassed $5bn in Volume Bitget, the world’s largest Universal Exchange (UEX), through its Chief Executive Officer,  Gracy Chen, disclosed that trading in Bitget’s US stock-linked perpetual futures has surpassed $5 billion in cumulative volume just days after a prior update signaling that everyday users increasingly... Read More →

Stock Market Drops by N2.09trn WoW on Selloff in Dangote Cement The stock market section of the Nigerian Exchange Limited (NGX) dropped by N2.09 trillion week-on-week (WoW) amid investors profit-taking in Dangote Cement Plc (10 per cent decline) As gathered by THISDAY, market capitalisation closed last week’s trading  activities at N91.415 trillion, about 2.23per cent or... Read More →

Capital Market Stakeholders Elated as T+2 Settlement Timeline Commences Nigeria’s capital market stakeholders are excited about the adopt a new settlement timeline, T+2 (two days), effective November 28, 2025. The timeline, according to them, will   reduce the time for securities transactions to be completed from three days (T+3) to two business... Read More →

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 →