The Nigerian equities market closed lower on Monday, July 27, as the All-Share Index declined by 0.05% to 247,238.74 points. This shift erased approximately N76.56 billion in market capitalisation, bringing it to N159.51 trillion. The downturn was primarily driven by profit-taking across insurance, consumer goods, and industrial sectors, while banking stocks bucked the trend to close as the day’s sole sectoral gainer. Despite the decline, market activity intensified, with a 73.6% surge in total value traded to N57.20 billion. Aradel Holdings led value contributions, accounting for 48.2% of the total turnover. Market breadth was negative, with 32 stocks declining against 28 advancers.

CWG Plc, in partnership with Clari5, recently hosted the Anti-Financial Crime Summit 2026 in Lagos, bringing together over 160 senior executives, regulators, and law enforcement agencies. The event focused on enhancing Nigeria’s fraud and anti-money laundering (AML) defenses through artificial intelligence.

Key stakeholders, including representatives from NIBSS, the EFCC, and major financial institutions, discussed the shift from reactive fraud detection to proactive, intelligence-led prevention. Speakers emphasized that as digital payment rails expand, Nigerian banks must move beyond siloed operations, adopting AI-driven, collaborative strategies to secure financial infrastructure and maintain trust in the evolving threat landscape.