Market Updates

LCFE, PENCOM Forge Path for Pension Fund Investments in Gold-backed Securities The Lagos Commodities and Futures Exchange (LCFE), and National Pension Commission (PenCom), have announced plans to explore strategies for expanding investment opportunities in gold-backed securities through Nigeria’s commodities exchanges. This comes in the wake of the revised Regulation on Investment of Pension Fund Assets, issued by... Read More →

Renowned Energy Professor, Iledare, Wants Nigeria to Curb Oil Export  Professor Emeritus of Petroleum Economics,  Wumi Iledare, has aligned with the recent view by the Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors, Ademola Adeyemi-Bero, that Nigeria should end the wholesale export of its crude oil.... Read More →

Polaris Bank Emerges MSME Digital Bank of the Year Polaris Bank has emerged the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards held recently in Lagos. The event, organised by the Africa Global Economic Forum BBBin partnership with PROSHARE, recognized outstanding institutions... Read More →

Market begins week on bearish note, cap dips N471.99bn The Nigerian Exchange continued with its bearish trading on Monday as sustained profit-taking dragged the NGX All-Share Index down by 0.50 per cent to 148,781.90 points. Market capitalisation also dipped by 0.50 per cent to N94.53tn, resulting in a N471.99bn loss... Read More →

Ellah Lakes opens N235bn public offer The integrated agro-industrial enterprise, Ellah Lakes, opened its N235bn public offer on Monday. The offering was officially declared open during a Facts Behind the Offer presentation at the NGX. The PUNCH reports that Ellah Lakes Plc is raising N235bn through the issuance of 18.8... Read More →

Stronger laws empower NDIC to enforce bank liquidation mandate The Nigeria Deposit Insurance Corporation (NDIC) is now operating under stronger, more effective laws to execute its mandate to liquidate banks, according to its managing director and chief executive, Thompson Oludare Sunday. Sunday stated this when he received the President/Chairman of... Read More →