Market Updates

Recapitalisation: Insurers scramble for N132bn as deadline stands With the July 31 deadline firmly in place, several insurance companies are intensifying efforts to raise fresh capital through rights issues, private placements, mergers, and acquisitions in a bid to avoid regulatory sanctions and possible licence withdrawal, reports JIDE AJIA Across Lagos, Abuja,... Read More →

CBN, CIBN advocate stronger female banking leadership The African Women in Banking and Finance Association has held the maiden edition of its conference in Lagos, with several female key players from various institutions across the sector in attendance to advocate for increased female representation in leadership. The founder of the... Read More →

Naira strengthens to N1,853/£1 against British Pound amid UK’s political instability The Nigerian Naira has recovered from its April lows and shown signs of resiliency in the first half of May, while the British pound hit monthly lows amid a crisis in the UK ruling party. The British pound sterling... Read More →

SEC approves FCMBAM mutual funds rebranding FCMB Asset Management Limited has secured approval from the Securities and Exchange Commission for the execution of supplemental Trust Deeds covering its mutual funds, including the rebranding of its legacy funds and reduction in minimum subscription units. The company, which is the asset management... Read More →

Mutual Benefits pays N5.5bn April claims Mutual Benefits Assurance Plc has announced the disbursement of over N5.5bn in claims to its policyholders for the month of April 2026 in a significant demonstration of financial strength and operational reliability. The payout, which covers both the company’s General and Life insurance portfolios,... Read More →

Stock market sheds N170bn as investors dump mid-caps The Nigerian equities market retreated on Thursday as a wave of mild profit-taking in several mid-cap stocks dampened the recent rally, resulting in a total loss of N170bn for investors. This downward movement saw the market capitalisation decline from N161.839tn at the... Read More →