Investors Bite

SEC Warns Public against Illegal Ponzi Scheme Promoted on Social Media

May 14, 2026/SEC Nigeria The Securities and Exchange Commission (SEC) has warned Nigerians against investing in illegal online investment schemes being promoted across social media platforms, saying many of them exhibit characteristics of Ponzi and prohibited investment operations. In a public notice issued on Thursday, the Commission said its attention […]

Market Closes on a Softer Note as Equities Slip Marginally

May 14, 2026/United Capital Report Market Summary: Today, the Nigerian Exchange Market closed on a negative note due to share price depreciation in ZENITHBANK (-0.69%) and WAPCO (-0.26%) As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) fell by 0.10% to settle at 252,243.11 points Year to date returns […]

NGXASI Declines -0.10%, Dragged by Banking Stocks

May 14, 2026/InvestmentOne Report The NGXASI declined by 0.10% to close at 252,243.11pts, as the losses recorded in STANBIC (-4.45%), WEMABANK (-7.14%) and ZENITHBANK (-0.69%) drove the local equities market into the red.   In the fixed income space, the Treasury Bills secondary market traded on a slightly positive note amid […]