AXA Mansard Health has launched its Culture of Care campaign, emphasizing the critical link between accessible healthcare and national economic productivity. Tope Adeniyi, CEO of AXA Mansard Health, argued that investing in the health of the population is essential for maintaining a resilient workforce and reducing the financial burden of untreated illnesses on families and employers. The company is advocating for greater private sector involvement to bridge healthcare gaps through innovation, digital services, and expanded health insurance coverage, framing quality healthcare as a fundamental driver of sustainable development.

Nigeria’s equity mutual fund segment saw its net asset value (NAV) grow to N241.38 billion by the end of July 2026, marking a 2.78% increase from June. Despite a moderate recovery following the June market correction, the segment attracted over 8,600 new investors, bringing the total number of unitholders to 121,316. Zedcrest Equity Fund maintained its position as the top performer for the third consecutive month, recording a year-to-date return of 88.58%. The top ten funds collectively manage N88.93 billion, representing nearly 37% of the equity mutual fund category.

AXA Mansard Health has launched the iMED International Healthcare Plan, providing Nigerians with access to specialized medical treatment globally. The plan covers critical conditions including cancer, organ transplants, and bone marrow transplants, with care available at accredited facilities in Nigeria, the United States, the United Kingdom, and Dubai. Designed for individuals and corporate clients, the initiative aims to bridge gaps in local healthcare access by offering comprehensive coverage for complex medical procedures and chronic conditions.

Nigeria’s insurance sector has concluded its year-long recapitalization exercise, with 43 insurance and reinsurance companies successfully meeting new minimum capital requirements under the Nigerian Insurance Industry Reform Act 2025. This process has injected over N300 billion into the sector, aiming to bolster financial resilience and underwriting capacity. The National Insurance Commission (NAICOM) confirmed that eight additional firms are currently undergoing final verification, with decisions expected within 14 days. This reform is a key component of the federal government’s broader strategy to support a US$1 trillion economy by 2030.

AXA Mansard Insurance Plc has reported a pre-tax profit of N8.41 billion for the six months ended June 30, 2026, marking a 9% increase from the N7.73 billion recorded in the same period last year. The growth was primarily driven by strong insurance operations, with insurance revenue rising 19% to N96.49 billion and insurance service results jumping 43% to N13.21 billion. While investment returns declined to N4.71 billion due to foreign exchange and fair-value losses, the company’s profit after tax grew by 14% to N7.77 billion, resulting in earnings per share of 87 kobo. Total assets rose to N269.87 billion, supported by cash and cash equivalents of N36.15 billion.

Central Bank of Nigeria (CBN) Governor, Olayemi Cardoso, has stated that the regulator will maintain heightened supervision of the banking sector despite the successful conclusion of the recent recapitalisation exercise.

Speaking at the BusinessDay 14th Annual CEO Forum, Cardoso noted that while the industry raised between N4 trillion and N5 trillion in fresh capital to build resilience against economic shocks, continuous oversight remains essential. He emphasized that the stronger capital base is intended to support eventual increased lending to the private sector once inflation and interest rates moderate. Cardoso also warned banks against indiscriminate lending, urging them to prioritize sophisticated risk management and proper analysis, especially when navigating complex sectors like oil and gas. The CBN plans to collaborate with financial institutions to enhance their internal risk assessment capabilities.

The Nigerian equities market recorded a significant downturn on Monday, with the All-Share Index falling 0.84% to 241,749.11 points. Market capitalization shrunk by approximately N1.32 trillion, dropping to N155.13 trillion as profit-taking triggered widespread sell pressure across 46 stocks.

The industrial goods sector was the hardest hit, led by a 9.99% decline in BUA Cement. Other significant laggards included PZ Cussons, which fell 10%, along with notable losses in major banking stocks like FCMB Group, FBN Holdings, Zenith Bank, and GTCO. Despite the negative price movement, market activity increased, with trade volume rising 18.66% and total value traded jumping 33.39% to N22.28 billion. The market’s year-to-date return currently stands at 55.35%, with analysts attributing the sell-off to investor portfolio rebalancing.

The Nigerian equities market recorded a significant decline on Monday, with investors shedding N1.32 trillion in market capitalization as profit-taking swept through the industrial goods, banking, and consumer goods sectors. The NGX All-Share Index fell by 0.84% to close at 241,749.11 points, bringing the market capitalization to N155.13 trillion.

The session was marked by intense sell pressure, with 46 stocks recording losses against 19 gainers. BUA Cement led the industrial retreat with a 9.99% decline, while PZ Cussons emerged as the day’s biggest loser, dropping 10%. Banking heavyweights, including FCMB and First HoldCo, also faced notable declines. Despite the negative price movement, market activity intensified, with trade volume rising by 18.66% and total value surging by 14.81% to N22.28 billion. Year-to-date returns now stand at 55.35%.