Market Updates

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 →

FX Market Turnover Hits $8.51bn, N1.06tn Maturities to Boost Banking Liquidity This Week Nigeria’s foreign exchange market recorded a sharp increase in trading activity in April 2026, with total turnover on the Nigerian Foreign Exchange Market (NFEM) rising to $8.51 billion. Also, the naira appreciated across both official and parallel... Read More →

Nigerian equities will beat inflation in 2026 — CIS boss The outgoing 13th President and Council Chairman of the Chartered Institute of Stockbrokers, Oluropo Dada, an experienced investment expert, discusses key trends in Nigeria’s capital market and economy in this interview with JIDE AJIA What is your assessment of the Nigerian capital... Read More →