Market Updates

SUNU Assurances to raise N9.3bn via Rights Issue SUNU Assurances Nigeria Plc has officially moved to bolster its capital base, with the Board of Directors unanimously approving a plan to raise up to N9.34bn through a Rights Issue to existing shareholders. The decision was reached during a board meeting held... Read More →

Naira maintains strength, closes N1,351/$ at official window The naira sustained its appreciation trend at the Nigerian Foreign Exchange Market, closing at 1,351.02/dollar on Tuesday. This ongoing strengthening seen at the start of the month continued into the latest session, as reflected in the NFEM rate. At the official window,... Read More →

FX volatility, rising claims squeeze underwriters’ profits to N108.4bn Nigeria’s insurance industry suffered a sharp decline in profitability in 2025, as foreign exchange volatility, weaker investment income, and increased claims combined to drive performance down. According to an analysis of the unaudited financial reports of 17 underwriters listed on the... Read More →

Nigeria posts $10.83bn trade surplus on stronger exports Nigeria recorded a trade surplus of $10.83bn, with exports of $44.06bn outpacing imports of $33.23bn, and strengthening its external trade position, in the first nine months of 2025. Data from the Central Bank of Nigeria’s recent Quarterly Statistical Bulletin showed that in... Read More →

Nigeria ranked second-largest investment banking hub in SSA In 2025, Nigeria maintained its status as a cornerstone of the West African financial landscape, ranking as the second-largest investment banking market in Sub-Saharan Africa. This was indicated in the Sub-Saharan Africa Investment Banking Review Full Year 2025 published by LSEG Data... Read More →

CBN approves $150,000 weekly FX sales to BDCs The Central Bank of Nigeria has approved the participation of licensed Bureau De Change operators in the Nigerian Foreign Exchange Market, allowing each BDC to purchase up to $150,000 weekly, according to a circular issued by the apex bank on Tuesday. The... Read More →