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1 week ago | 
businessday.ng | David Olujinmi |Folake Balogun |Chinwe Michael
Insurance firms are tapping technology and innovation to drive the growth of their sector. At the 2025 edition of the BusinessDay Insurance Conference, themed ‘Resilience and Growth in Uncertainty: Charting the Path for Nigeria’s Insurance Industry’, stakeholders from across the insurance value chain said that innovation, technology, and infrastructure are critical for their growth.
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2 months ago | 
businessday.ng | Modestus Anaesoronye |David Olujinmi
…As T-bills, private equities provideIG good returnsSince the introduction of the Contributory Pension Scheme (CPS) in 2004, pension fund assets (PFAs) in Nigeria have grown their assets to N22.3 trillion. Though 2024 was a challenging year for the industry due to high inflation and naira depreciation, Nigeria’s pension funds recorded a 21.2 percent return between January and November 2024. This however translated to a double-digit real negative return when adjusted for inflation.
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Jan 16, 2025 | 
businessday.ng | David Olujinmi
Dangote Cement is now trading at a share price of N349.20, after shedding 9.98 percent in less than two hours of trading. This marks the stock’s lowest share price since January 10, 2024. Read also: Dangote Cement shops for N50bn from series 17, 18 Commercial Paper issuanceIn 2025, Dangote Cement has been on a bearish run, losing about 19 percent of its share value since January 13. The stock began 2025 at a share price of N478.8, however, is now trading at N349.2 as at 11.30am as of January 16.
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Jan 16, 2025 | 
businessday.ng | David Olujinmi
Foreign-owned companies listed on the Nigerian Exchange are on track to slow down their capital investments in Nigeria, as data analysed by BusinessDay indicates a slowdown in capital returns. Return on Capital Employed (ROCE) showed a mixed performance across these companies, with both gains and declines recorded. However, on a cumulative basis, capital returns dropped from 25 percent as of 9M 2023 to 18 percent in 9M 2024.
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Jan 15, 2025 | 
businessday.ng | David Olujinmi
In 2024, commodity prices were projected to soften by 3 percent. Further declines are expected in 2025 and 2026, with the World Bank projecting that commodities will hit their lowest level post-COVID in 2026. However, the anticipated declines are not uniform across all commodities, as weather-related supply disruptions and conflict-driven risks influenced specific sectors in 2024, with such shocks anticipated in 2024.
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Jan 14, 2025 | 
businessday.ng | David Olujinmi
Although not yet popular investment instruments in Nigeria, some Exchange-Traded Funds (ETFs) emerged as standout asset classes in 2024. Some ETFs delivered impressive returns, with 8 of the 12 ETFs listed on the Nigerian Exchange outperforming inflation figures. Exchange-Traded Funds (ETFs) are investment vehicles that bundle a collection of assets—such as stocks, bonds, or commodities—into a single package.
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Jan 12, 2025 | 
businessday.ng | David Olujinmi
MTN Nigeria has been one of the outstanding performers in the Nigerian Exchange Group (NGX) in 2025, appreciating by 21 percent since the start of the year. Analysts say MTN Nigeria’s stock performance is driven by the recent confirmation of a tariff hike by the federal government. The 21 percent appreciation represents a sharp turnaround of the stock’s 2024 performance that saw it suffer a 24 percent negative return.
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Jan 10, 2025 | 
businessday.ng | David Olujinmi
In 2025, MTN Nigeria has been one of the outstanding performers in the Nigerian Exchange, appreciating by 21 percent since the start of the year. This marks a sharp turnaround of the stock’s 2024 performance that saw it suffer a 24 percent negative return. Since December 23, MTN Nigeria’s share price has surged from N178 to close at N242 on January 9. This brings the stock within striking distance of CardinalStone’s target price of N242.62, highlighting its strong upward momentum.
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Jan 10, 2025 | 
businessday.ng | David Olujinmi
Over the past two years, Nigerian companies have turned to the debt securities market to raise an impressive N2.68 trillion through commercial papers and corporate bonds, according to findings by BusinessDay. In 2023 alone, businesses secured approximately N1.63 trillion, with N126 billion sourced via long-term corporate bonds and a substantial N1.504 trillion through short-term commercial papers.
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Jan 8, 2025 | 
businessday.ng | David Olujinmi
With the NGX All-Share Index posting a 37.65 percent return in 2024, the constituent indices in the market showed remarkable performances that underscored the resilience of the Nigerian equity market. Fuelled by stellar performances from Oando and Conoil, the NGX Oil and Gas Index emerged as the market’s top-performing index of the year. While banking stocks recorded a cumulative 21 percent gain, the NGX Banking Index lagged, making it a relative underperformer among the different sectors.
