Economy
NGX Index Surges 2.04% to New High of 77,537.57 points

By Dipo Olowookere
The Nigerian Exchange (NGX) Limited gained 2.04 per cent on Wednesday on the back of renewed interest in local stocks by retail investors, who are looking for alternative streams of income.
The heavy buying pressure on the equity market pushed the All-Share Index (ASI) to a new high of 77,537,57 points after adding 1,546.59 points to the previous day’s 75,990.88 points.
Similarly, traders smiled home after their portfolios increased by N846 billion, leaving the market capitalisation of the exchange at N42.430 trillion compared with Tuesday’s value of N41.584 trillion.
Business Post reports that investor sentiment was very strong yesterday after the bourse finished with 78 appreciating stocks and seven depreciating stocks, indicating a positive market breadth index.
The top five gainers were Ikeja Hotels, UBA, Infinity Trust Mortgage Bank, University Press, and Berger Paints, which gained 10.00 per cent each to settle at N7.26, N28.60, N7.26, N2.64, and N14.30, respectively.
Conversely, Learn Africa topped the losers’ table after it shed 9.09 per cent to N2.90, Champion Breweries depreciated by 7.32 per cent to N3.80, C&I Leasing crashed by 2.33 per cent to N5.03, NGX Group lost 1.70 per cent to close at N23.10, and Ellah Lakes dropped 1.64 per cent to sell for N3.00.
Yesterday, investors traded 927.6 million shares worth N10.7 billion in 11,629 deals compared with the 515.8 million shares worth N5.6 billion traded on Tuesday in 9,370 deals, representing an increase in the trading volume, value, and the number of deals by 79.84 per cent, 91.07 per cent and 24.11 per cent, respectively.
Fidelity Bank ended the day on top of the activity chart after it sold 108.1 million equities valued at N1.3 billion, FCMB transacted 79.1 million shares for N644.0 million, UBA traded 55.5 million stocks worth N1.6 billion, Universal Insurance exchanged 50.6 million equities for N13.9 million, and Access Holdings traded 46.9 million shares valued at N1.2 billion.
At the close of business, all the five key sectors were in green, with the banking space growing by 6.66 per cent and the insurance index appreciating by 5.50 per cent, the consumer goods counter rose by 2.42 per cent, the energy sector jumped by 1.89 per cent, and the industrial goods index improved by 0.31 per cent.
Economy
Stanbic IBTC Trustees to Make Trusteeship More Accessible to Nigerians

By Modupe Gbadeyanka
A subsidiary of Stanbic IBTC Holdings Plc, Stanbic IBTC Trustees, has affirmed its leadership in delivering customer-centric fiduciary and investment solutions across the region.
The company said this after it was recently recognised as the Most Customer-Focused Trust and Investment Company of the Year for Nigeria at the 2025 West Africa Innovation Awards (WAIA).
The honour bestowed on the trustee for Customer Service Excellence reinforces its reputation for delivering exceptional client experiences, driven by innovation, integrity, and a deep understanding of the evolving financial needs for their clients.
“Being recognised as the most customer-focused trust and investment company of the year is both humbling and inspiring.
“This award reflects the strong relationships we have built with our clients and our commitment to not only meet expectations but to consistently exceed them through innovative and ethical service delivery,” the chief executive-designate of the organisation, Ms Emi Agaba-Oloja, stated at the award ceremony held in Lagos.
“What sets Stanbic IBTC Trustees apart is our willingness to embrace innovation in a traditionally conservative industry.
“As we work on digital onboarding to bespoke trust solutions, we strive to simplify complex processes and deliver insights that empower our clients.
“Our goal is to make trusteeship more responsive, inclusive, and accessible to Nigerians. A sincere thank you to our clients, partners and the incredible team that continue to drive our success,” she added.
The West Africa Innovation Awards, now in their 14th year, is a leading regional platform that is attended by a wide range of government stakeholders, brand experts, and corporate leaders in West Africa.
As the field of wealth management and trust services undergoes constant transformation, Stanbic IBTC Trustees says it remains at the forefront, redefining standards and demonstrating a commitment to empathy and innovation, stressing that the award reinvigorates a drive to empower clients and protect legacies for future generations.
Economy
NASD OTC Exchange Records 0.27% Rise in Week 16

By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange increased by 0.27 per cent week-on-week in Week 16 of the 2025 trading year.
Data indicated that the bourse’s market capitalisation rose by N5.15 billion in the four-day trading week to N1.924 trillion from the N1.919 trillion it ended in the previous week and the NASD Unlisted Securities Index (NSI) went up by 8.81 points to 3,286.38 points from the 3,277.57 points recorded in the previous trading week.
The alternative stock exchange opened for business for four days as it closed shop on Friday to celebrate Good Friday, observed by Christians across the globe,
The value of trades in the week was down by 99.4 per cent to N29.35 million from the N4.79 billion recorded in Week 15, and the volume of transactions declined by 99.2 per cent to 1.33 million units from the 171.4 million units in the previous week.
The most active security by value was Central Securities Clearing System (CSCS) Plc with N15.2 million, FrieslandCampina Wamco Nigeria Plc recorded N6.3 million, 11 Plc traded N2.2 million, Nipco Plc posted N1.3 million, and Afriland Properties Plc reported N0.616 million.
Also, CSCS Plc was the most traded instrument by volume with 0.731 million units, FrieslandCampina Wamco Nigeria Plc transacted 0.227 million units, Geo-Fluids Plc recorded 0.218 million, Paintcom Investment Plc traded 0.055 million units, and Afriland Properties Plc exchanged 0.035 million units.
Last week, there were five price gainers led by Newrest Asl Plc, which appreciated by 9.9 per cent to N37.97 per share versus N34.52 per share, UBN Property Plc gained 9.6 per cent to end at N2.17 per unit versus N1.98 per unit, FrieslandCampina Wamco Nigeria Plc rose by 5.9 per cent to N37.64 per share from N35.55 per share, Mass Telecom Innovation Plc improved by 2.5 per cent to 41 Kobo per unit from 40 Kobo per unit, and 11 Plc surged by 1.9 per cent to N245.50 per share from N241.00 per share.
On the flip side, Geo-Fluids Plc slipped by 10.00 per cent to N1.80 per unit from N2.00 per unit, and CSCS Plc depreciated by 2.6 per cent to N22.10 per share from N22.70 per share.
Economy
CBEX: SEC Seeks Jail Term for Celebrities Promoting Ponzi Schemes, Dubious Investments

By Adedapo Adesanya
Celebrities, including musicians and influencers, have been warned by the Securities and Exchange Commission (SEC) against promoting unregistered investment schemes following the recent collapse of Crypto Bridge Exchange (CBEX).
In a statement made available to the press on Sunday, the commission stated that those who promote such schemes risk legal consequences.
The warning comes following the enactment of the Investments and Securities Act 2025, signed into law by President Bola Tinubu.
Explicitly defining Ponzi schemes, the new law empowers the SEC to impose a minimum fine of N20 million and a jail term of 10 years on promoters of such schemes.
SEC’s Director-General, Mr Emomotimi Agama, who spoke on the provisions of the new law, said the regulator was collaborating with the Economic and Financial Crimes Commission (EFCC), the Nigeria Police Force, and other law enforcement agencies to investigate and prosecute violators.
“The law also targets influencers and bloggers who promote fraudulent schemes, with clear penalties including imprisonment.
“We are therefore using this medium to warn such persons to desist from promoting unregistered entities,” Mr Agama stated.
He added that following the collapse of CBEX, a digital investment platform that allegedly defrauded Nigerians over billions, the SEC has intensified its crackdown on Ponzi operators.
“We will shut down their operations and the promoters will be made to face the full weight of the law,” he said.
Business Post reports that celebrities and influencers are often major promoters of these schemes and in the past many of them have put Nigerians at losses. One such prominent case was Racksterli, founded by Mr Michael Chidiebere Oti known as Black Gold and was promoted by top Nigerian musicians and actors which promised high return of up to 40 -50 per cent monthly.
However, the platform collapsed in 2021, leaving many investors without their capital or promised returns.
At that time, affected individuals called for the arrest of these celebrities for their roles in endorsing the Ponzi scheme.
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