Market Updates

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 →

NEM Insurance proposes N1.50 dividend NEM Insurance Plc has announced a dividend proposal of N1.50 per ordinary share, totalling approximately N7.52bn, following a year of robust revenue growth and market expansion despite a volatile macroeconomic climate. The announcement was made by the Group Chairman, Tope Smart, during the company’s 56th... Read More →

SEC raises alarm over shady online investment platforms The Securities and Exchange Commission has warned Nigerians against the growing number of unregistered online investment schemes being promoted across social media platforms, describing many of them as Ponzi operations designed to defraud unsuspecting investors. In a public notice dated 8 May... Read More →

Coronation Asset Management Launches Coronation Equity Fund Coronation Asset Management has launched the Coronation Equity Fund, an open-ended collective investment scheme designed to help investors participate in the long-term growth potential of the Nigerian equities market. The timing is deliberate. In 2025, the NGX All-Share Index delivered a 51.19% year-to-date... Read More →

Stock Market Gains N1.52trn in One Day to Lift Capitalisation Above N161tn  The Nigerian stock market yesterday maintained its positive momentum as investors’ return advanced by an estimated N1.52 trillion to bring the total market capitalisation above the N161 trillion mark. The Nigeria Exchange Limited All-Share Index (NGX ASI) rose... Read More →