Economy
AXA Mansard Investments Reiterates Commitment to Financial Literacy
AXA Mansard Investments Limited, a leading asset management firm in Nigeria, has reaffirmed its commitment to improving financial literacy for the financially excluded Nigerians.
The company said its commitment becomes important as financial inclusion in Nigeria is slowing with the growing numbers of Nigerians entering financial responsibility stages.
According to the firm, reliable and actionable knowledge sharing and transfer are important not just for informed financial decision-making but also for financial independence and stability.
“In an era of economic uncertainty and complex financial markets, understanding the principles of personal finance, investing, and wealth management is crucial,” said the Chief Operating Officer of AXA Mansard Investments Limited, Alex Edafe, explained that AXA Mansard Investments Limited is dedicated to helping individuals and families build the financial acumen required to navigate 2025 and beyond.
Edafe stated, “In recent years, the dearth of financial literacy in Nigeria has become alarming, with many individuals lacking the necessary knowledge to make sound financial decisions.
From transitioning from savings to investments, budgeting, asset allocation, managing debt as well as retirement planning, to mention a few, many Nigerians, especially the younger generations, need these skills to effectively manage their money”.
“Financial education is foundational for achieving financial independence. This year, we are focused on making financial knowledge more accessible to Nigerians at every stage of their financial journey. We believe that a financially educated population is better positioned to make informed decisions that can lead to long-term financial success and economic prosperity for the nation.”
“So, we are actively working to bridge the knowledge gap in the Nigerian financial sector by offering a range of educational initiatives to provide valuable insights on investment and personal finance. Some of the key programs and resources available to Nigerians include free physical and virtual financial seminars, which we host to help individuals understand the basics of investing and financial planning, expert-driven content, which includes a wealth of articles, blogs, and videos on financial topics offered via traditional, digital-owned and paid media platforms. We also have the option for one-on-one financial advisory targeted at people who would prefer more personalized guidance, helping them to understand their unique needs and goals and creating tailored winning strategies for investments, savings, and wealth-building.”
Financial education empowers individuals to make choices that lead to financial security and prosperity. It empowers individuals with an understanding of financial principles to make better financial decisions, helps individuals to identify opportunities for wealth creation and preservation, and prepares individuals for the future to create long-term security and increase financial confidence.
AXA Mansard Investments remains committed to its mission of promoting financial education and helping Nigerians achieve financial independence. With a greater focus on educating the public about sound financial practices, we believe that more Nigerians will be empowered to take control of their financial futures.
“We believe that by focusing on education, we can transform the financial landscape of Nigeria,” added Mr. Edafe. “When Nigerians are empowered with the right knowledge, they are better positioned to invest wisely, create wealth, and secure their financial future.”
By Aduragbemi Omiyale
One of the paint makers in Nigeria, Premier Paints Plc, is currently in talks with a new investor, Xenergi Limited, for the purchase of 51 per cent stake in the company.
Xenergi Limited intends to acquire shares of Clover Global Resources Limited and TGHL Capital Limited in the organisation.
Business Post gathered that the new investor will buy 39.02 per cent from Clover Global Resources Limited and 15.20 per cent from TGHL Capital Limited.
The deal, according to a regulatory notice issued on Tuesday on the Nigerian Exchange (NGX) Limited, will involve about 63 million shares of Premier Paints.
At the current share price of the paint producer, this should be about N630 million as it closed at N10.00 per unit on NGX on December 16, 2025.
“Subject to obtaining required regulatory approvals, the transaction is expected to close before January 31, 2026.
“The company will continue to inform the public of the progress of the transaction,” the disclosure signed by the company secretary, Alozie Nwokoro, said.
By Adedapo Adesanya
The Naira was flat against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Tuesday, December 16, retaining the previous closing value of N1,451.82/$1.
In the same vein, the local currency saw no movement against the Pound Sterling and the Euro in the spot market during the session at N1,943.98/£1 and N1,705.74/€1, respectively.
Also, the Nigerian Naira remained unchanged in the black market yesterday at N1,475/$1 and was N1,460/$1 at the GTBank forex counter.
The Central Bank of Nigeria (CBN) has strengthened US Dollar supply with $250 million to authorised dealer banks at the official window cumulatively as foreign portfolio investors, exporters and non-bank corporate supply dripped.
The spread between official and other non-regulated markets decreased to N30.59$/1 from N44.57/$1, from the previous week, research subsidiary of Coronation Merchant Bank Limited said in a report.
FX analysts said foreign exchange inflows through the Nigerian Foreign Exchange Market decreased to $716.3 million from $844.70 million in the previous week , a 15 per cent drop in a week.
Foreign portfolio investors accounted for the highest share of inflows at 32.98 per cent, followed by exporters at 30.84 per cent, the CBN (17.36 per cent), Non-bank Corporates (16.94 per cent), others (0.72 per cent) and Individuals (0.63 per cent).
On Monday, Nigeria’s headline inflation rate eased to 14.45 per cent in November 2025, down from 16.05 per cent recorded in October, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS), representing a decrease of 1.6 percentage points month-on-month and marks a significant moderation compared to the same period last year.
As for the cryptocurrency market, there was some recoveries after overall capitalization falling below $3 trillion for the third time in a month. Large-cap assets, particularly those with Exchange Traded Fund (ETF) exposure, are experiencing selling pressure as institutional investors reassess risk.
Ripple (XRP) appreciated by 1.5 per cent to $1.92, Litecoin (LTC) expanded by 1.5 per cent to $78.91, Dogecoin (DOGE) rose by 0.8 per cent to $0.1308, Solana (SOL) went up by 0.4 per cent to $127.60, Binance Coin (BNB) grew by 0.3 per cent to $865.40, and Bitcoin (BTC) gained 0.2 per cent to sell at $86,735.17.
On the flip side, Cardano (ADA) depreciated by 1.0 per cent to $0.3802 and Ethereum (ETH) slumped by 0.4 per cent to $2,935.85, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) were flat at $1.00 each.
By Dipo Olowookere
A marginal 0.01 per cent rise was recorded by the Nigerian Exchange (NGX) Limited on Tuesday. This was different from the flattish mode of the market the previous day.
Investor sentiment remained bullish as Customs Street finished with 31 price gainers and 26 price losers, implying a positive market breadth index.
Aluminium Extrusion topped the gainers’ log after it improved its price by 10.00 per cent to N9.35, Guinness Nigeria appreciated by 9.98 per cent to N263.40, Multiverse expanded by 9.95 per cent to N12.15, MeCure Industries also soared by 9.95 per cent to N45.85, and Sovereign Trust Insurance advanced by 9.89 per cent to N4.11.
Conversely, Haldane McCall led the losers’ chart after it shed 9.93 per cent to settle at N3.72, Veritas Kapital lost 9.09 per cent to close at N1.60, LivingTrust Mortgage Bank also declined by 9.09 per cent to N3.50, and Linkage Assurance depreciated by 5.71 per cent to N1.65.
During the trading day, the All-Share Index (ASI) went up by 21.23 points to 149,459.11 points from the previous day’s 149,437.88 points and the market capitalisation increased by N14 billion to N95.281 trillion from N95.267 trillion.
Yesterday, traders transacted 1.0 billion equities for N21.8 billion in 23,701 deals compared with the 553.1 million equities valued at N13.3 billion traded in 28,907 deals on Monday, representing a decline in the number of deals by 18.01 per cent, and a surge in the trading volume and value by 80.80 per cent and 63.91 per cent apiece.
Access Holdings traded 385.8 million stocks worth N7.7 billion, Champion Breweries transacted 111.8 million shares valued at N817.8 million, Sterling Holdings exchanged 85.5 million equities for N589.9 million, FCMB sold 74.7 million shares valued at N791.5 million, and First Holdco transacted 51.9 million equities worth N1.8 billion.
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