Market Notifier

𝗜𝗻𝗱𝗶𝗮𝗻 𝗳𝗶𝗿𝗺 𝘁𝗼 𝗲𝘅𝗽𝗮𝗻𝗱 𝗗𝗮𝗻𝗴𝗼𝘁𝗲 𝗿𝗲𝗳𝗶𝗻𝗲𝗿𝘆 𝗶𝗻 $350𝗺 𝗱𝗲𝗮𝗹
Engineers India Limited will lead the Dangote refinery expansion in a $350m deal to double its capacity, making it the world's largest refinery....

𝗥𝗲𝗮𝗱 𝐟𝐮𝐥𝐥 𝐬𝐭𝐨𝐫𝐲 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐨𝐦𝐦𝐞𝐧𝐭𝐬

Here's our recommendation for this week. What do you think?

Don't just think, act too!

The Nigerian banking sector showed remarkable resilience and growth in 2025.

Wema Bank delivered an impressive 124.18% YTD return, followed closely by Stanbic IBTC and First Holdco.

Here are the best bank stocks in 2025

The Nigerian Exchange (NGX) has released its broker performance report for the full year 2025, ranking the top 10 stockbroking firms by both transaction volume and value.

In a historic year for Nigerian equities, the NGX gained 51.19% in 2025, its strongest performance in 18 years, comfortably outperforming the S&P 500’s 16.39% return.

Here are the top 10 stockbroking firms by transaction value in 2025, covering the period from January 1 to December 31.

The Securities and Exchange Commission has warned the public against engaging with an online investment platform operating under the name Voya Investment Management, also known as VIM, over suspected fraudulent activities.

The warning was issued by the Securities and Exchange Commission, in a public notice signed by the Commission’s management.

The notice comes after complaints that the platform falsely claims to be supervised by the SEC.

According to the SEC, Voya Investment Management is presenting itself as an investment platform offering services in Nigerian stocks and other financial instruments while claiming regulatory backing.

The Commission stated that the company is not licensed by the Commission to carry out any activity in the Nigerian capital market.

“The attention of the Securities and Exchange Commission, Nigeria (“the Commission”) has been drawn to the activities of an online investment platform known as, operating under the name Voya Investment Management (VIM) through its website. The operators of this platform claim to offer investment services in Nigerian stocks and other financial instruments purportedly under the supervision of the Commission. Voya Investment Management is also parading a certificate of identity verification purportedly issued by the Commission.

The Commission hereby informs the public that Voya Investment Management (VIM) is NOT REGISTERED or licensed by the Commission to carry out any activity in the Nigerian capital market,” they stated.

The regulator further described VIM’s claims of approval as deceptive, stating that such representations are false, misleading and fraudulent.

Based on complaints received, the SEC said the activities show clear characteristics of illegal investment schemes designed to defraud unsuspecting members of the public.