SEC: Nigeria’s Assets Under Management Now N10 Trillion

Nigeria’s Assets Under Management increased from N3.2 trillion to N10 trillion within the last two years, the Securities and Exchange Commission has said.

SEC’s director-general, Emomotimi Agama, disclosed this on Monday in Lagos during an event marking Nigeria’s transition to the T+1 settlement cycle.

Mr Agama said the growth reflected rising investor confidence and the positive impact of ongoing reforms in the Nigerian capital market. He noted that the market had achieved several historic milestones in recent months, including record growth in market capitalisation.

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“The Nigerian capital market has recorded historic milestones. Within two years, the nation’s AUM grew from N3.2 trillion to N10 trillion. In February 2026 alone, market capitalisation expanded by N17.6 trillion, representing the highest single-month gain in the market’s history,” he said.

Mr Agama said domestic and foreign portfolio investments on the Nigerian Exchange Ltd rose to N1.803 trillion in April 2026.

“This represents a 3.35 per cent month-on-month increase and a remarkable 274.05 per cent year-on-year rise from N482 billion in April 2025. For the first four months of 2026, total market transactions reached N5.952 trillion, more than double the N2.714 trillion recorded in 2025,” he said.

The SEC chief described the figures as unprecedented and evidence of the growing strength of Nigeria’s capital market. He added that the market’s contribution to Nigeria’s gross domestic product had increased significantly.

According to him, the market’s contribution to GDP rose to 33 per cent in 2025. He said market capitalisation also recorded a 125 per cent increase from about N55 trillion in April 2024.

Mr Agama noted that, despite the strong performance, there remained considerable room for improvement. He disclosed that foreign participation in Nigerian equities increased from 9.9 per cent in 2023 to 22.2 per cent in 2025. He described the increase as a meaningful recovery for the market.

“However, there is still significant room to close the gap, and T+1 is one of the most important tools available to achieve that,” he said.

Mr Agama expressed confidence that the T+1 settlement cycle would improve efficiency, boost liquidity, and strengthen Nigeria’s competitiveness as a global investment destination.

He said the transition represented a milestone for the market but also imposed new responsibilities on operators. According to him, the shorter settlement cycle would place greater pressure on smaller market participants to automate operations and strengthen back-office processes.

SEC

He said that stockbrokers, custodians, and registrars relying on legacy systems and manual workflows could no longer afford the delays tolerated under the T+2 regime.

Mr Agama stressed that trade confirmations, reconciliations and funding decisions must now be completed more quickly. He added that the entire industry must adapt to the demands of a faster and more efficient settlement environment.

The SEC boss also announced that the commission would launch the Nigerian Capital Market Master Plan 2.0 between June and July.
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Nigerian Navy Drone Surveillance Leads To Arrests Of Suspected Terrorists Collaborator In Lake Chad

The Nigerian Navy has recorded another operational success in the ongoing counter-terrorism campaign in the North East following the arrest of a suspected terrorist collaborator by personnel of Naval Base Lake Chad (NBLC).

The arrest was made on 1 June 2026 during an Intelligence, Surveillance and Reconnaissance (ISR) mission conducted by NBLC personnel using a tactical drone within the Lake Chad area of operations.
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During the surveillance mission, naval personnel observed a suspicious individual later identified as Baba Saidu Abdullahi moving from a location where terrorist elements had earlier been sighted. Further monitoring revealed interactions between the suspect and armed terrorists before he departed the area. Consequently, the suspect was tracked in real time from the Dumba axis to the vicinity of Charlie Company, 196 Amphibious Battalion, where he was subsequently apprehended.

Preliminary investigation indicated that the suspect frequently moved between Dumba and Baga Town and allegedly maintained contact with terrorist elements operating within the area. Initial findings further suggested that he was involved in providing logistical support to the terrorists through the procurement and movement of essential supplies.

A search conducted on the suspect led to the recovery of personal effects and other items considered relevant to ongoing investigations.

Following preliminary interrogation, the suspect was handed over to the appropriate military authorities for further investigation and necessary action in accordance with established procedures.

The operation underscores the growing role of intelligence, surveillance, and technology-driven operations in enhancing situational awareness and supporting ongoing counter-terrorism efforts in the Lake Chad region.

Nigerian Navy

The Nigerian Navy remains committed to supporting joint operations under Operation HADIN KAI and will continue to deploy available assets and capabilities to deny terrorist elements freedom of action while contributing to the restoration of peace and security in the North East.
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Signed

AA FOLORUNSHO

Captain (Nigerian Navy)

Teachers Stage Nationwide Protests Over Oyo School Mass Abduction

The Nigeria Union of Teachers has staged a nationwide solidarity protest to condemn the killing of a teacher and demand the release of other staffers and students kidnapped in Oyo.

Speaking during the protest in Abuja on Tuesday, the FCT chairman of NUT, Abdullahi Shafa, said the protest was in compliance with a directive from the union’s national headquarters.

According to him, the protest is organised in all states of the federation to express the union’s displeasure over the killing of a teacher in Oyo by terrorists.

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Mr Shafa described the incident as disturbing and unacceptable, noting that teachers should not be subjected to such violence while carrying out their duties.

“If you are aware, in the last few weeks, teachers and students in the Oriire local government area of Oyo have been troubled. A teacher was beheaded instantly for no just cause. This is someone who has gone to impart knowledge to our students.

“It is touching, horrifying, and devastating that a teacher who has put in his best to ensure that the children get a qualitative education is being killed like that without any reason, all in the name of kidnapping and banditry. This is not good for the system,” he said.

The union leader said the development had generated fear among teachers and could negatively affect the teaching and learning environment if not urgently addressed.

He appealed to the federal government and relevant security agencies to take proactive measures to protect teachers, students and school facilities nationwide.

Mr Shafa also called for improved school infrastructure, including perimeter fencing and other security measures to make schools safer.

“Our appeal to government is to provide adequate security for teachers and pupils and improve infrastructure within the school system to guarantee a safe learning environment,” he said.

Teachers Stage Nationwide Protests

He said that the protest was a one-day peaceful demonstration, adding that any further action would be determined by the union’s national leadership.

The protest was held simultaneously across the country in solidarity with the family of the deceased teacher and to draw attention to growing security concerns within the education sector.
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