Business

NGX Advances Investor Education Drive with Digital Retail Engagement Initiative

Published

4 months ago

May 20, 2026

Preport

Nigerian Exchange Group has intensified its investor education drive through a digital engagement initiative aimed at improving financial literacy and deepening retail participation in the Nigerian capital market.

The Group recently hosted an X Space session themed “Follow the Fundamentals: A Beginner’s Guide to the Stock Market,” reaching over 5,000 users, largely young Nigerians, first-time investors, and retail market participants seeking to better understand investment opportunities in the capital market.

Featuring social media investment influencer, Omiete Inko-Tariah, alongside representatives from Nigerian Exchange Limited and NGX Regulation Limited, the session demystified key concepts around market operations, investor protection, and safe participation. Beyond education, it served as an open forum where retail investors engaged directly with market stakeholders on issues of confidence, transparency, and accessibility.

Speaking on the initiative, Clifford Akpolo, Head, Group Communications and Partnerships at NGX Group, said: “Deepening retail participation is critical to building a more resilient, inclusive, and sustainable capital market. At NGX Group, we believe financial literacy is not just an educational responsibility, it is a strategic imperative for strengthening investor confidence, improving market accessibility, and expanding long-term wealth creation opportunities for Nigerians. Through digital platforms like this, we are leveraging innovation to connect with the next generation of investors and democratize access to market knowledge.”

The initiative forms part of NGX Group’s broader sustainability agenda under its Community pillar, which focuses on advancing financial literacy, inclusion, and economic empowerment through education-driven and stakeholder-focused programmes.

Following the success of this edition, NGX Group plans to sustain similar engagements as part of its ongoing commitment to strengthening investor confidence, deepening retail participation, and building a more resilient and inclusive investment ecosystem.

The post NGX Advances Investor Education Drive with Digital Retail Engagement Initiative appeared first on Business Today NG.

Related Topics:Advances DIGITAL drive education Engagement Initiative Investor NGX retail

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Shettima Urges African Leaders to Process Minerals Locally

Published

33 minutes ago

September 23, 2026

Preport

Vice President Kashim Shettima has called on African countries to reduce their dependence on the export of raw mineral resources and focus more on local processing and industrialisation.

Shettima made the call in New York while representing President Bola Tinubu at the Third High-Level Roundtable of the Africa Minerals Strategy Group, held on the sidelines of the 81st United Nations General Assembly.

He said Africa needed to move beyond its traditional role as a supplier of raw materials and develop industries capable of processing its mineral resources within the continent.

According to the Vice President, greater local processing would help African countries create jobs, strengthen industries and retain more value from their natural resources.

Shettima also called for stronger cooperation among African countries, including the development of regional processing hubs, integrated markets and cross-border mineral corridors.

He cautioned against competition among African nations for foreign investment through lower royalties, weaker local-content requirements and excessive concessions, arguing that stronger continental coordination would improve Africa’s bargaining position in global mineral supply chains.

The Vice President said Africa could not continue to consider itself wealthy because of its mineral resources while communities located around mineral deposits remained poor and lacked adequate economic opportunities.

He also highlighted reforms in Nigeria’s mining sector, including efforts to improve geological data, formalise artisanal mining, promote local value addition and tackle illegal mining.

Shettima pointed to developments in lithium processing in Nasarawa State as an example of the opportunities available when mineral resources are processed locally.

He further backed the Africa Minerals Strategy Group’s Mutual Assured Development Framework, which promotes predictable policies, credible institutions, responsible investment, technology transfer and local value creation.

The Minister of Solid Minerals Development and Chairman of the Africa Minerals Strategy Group, Dele Alake, also proposed the establishment of an African Artisanal Mining Formalisation and Safety Facility.

The discussions formed part of broader efforts to develop strategies that would enable African countries to derive greater economic benefits from the continent’s mineral wealth.

Business

General Business to Drive 72% of Mutual Benefits Assurance’s Projected ₦96.82bn GWP

Published

15 hours ago

September 23, 2026

Preport

BY NKECHI NAECHE-ESEZOBOR—Nigeria’s lead underwriter, Mutual Benefits Assurance Plc has protected a Gross Written Premium of ₦96.82 billion for the twelve months ending 31 December 2026.

According to notice released on the exchange, for dealing members and investors, the company’s insurance revenue, is projected to stand at ₦89.42 billion.

The company’s general business is expected to generate 72% of the projected GWP, while the Life arm of the group will account for j28%.

Investment income would largely be driven by returns on its financial assets, with non-cash items such as depreciation of non-current assets, amortisation of intangible assets, and net fair value gains or losses on financial assets factored into its profit or loss and other comprehensive income statement.

On the profitability side, Mutual Benefits projects gross premium written of ₦96.82 billion and insurance revenue of ₦89.42 billion, against an insurance service expense of ₦81.56 billion. Net income from reinsurance contracts held is estimated at ₦802.64 million, bringing the insurance service result to ₦8.66 billion.

Net investment income is expected to stand at ₦13.16 billion, while net insurance finance expenses are projected at ₦1.99 billion, resulting in net insurance and investment results of ₦19.84 billion. With other income of ₦237.03 million and total non-attributable expenses of ₦2.76 billion, the company expects a profit before income tax of ₦17.31 billion.

After an income tax expense of ₦1.90 billion, Mutual Benefits projects a full-year profit of ₦15.41 billion for the period under review.

The post General Business to Drive 72% of Mutual Benefits Assurance’s Projected ₦96.82bn GWP appeared first on Business Today NG.