January 2026

Naira breaks N1,400 barrier at N1,396.99/$ Nigeria’s naira has traded below the N1,400/$1 level on the official market for the first time in over a year, marking a notable psychological and market milestone for the currency. Data from the Central... Read More →

NGX market cap rises by N232b The Nigerian Stock Exchange closed higher on Thursday, 29 January 2026, as investors responded to positive market sentiment despite a slowdown in trading activity. The total market capitalisation rose by N232bn, from N105.74tn on... Read More →

ASI dips 0.33% as equities close in the red The Nigerian Exchange Limited closed Wednesday’s trading session on a negative note as sustained sell pressure pushed the All-Share Index down by 0.33 per cent. At the close of trading, the... Read More →

CBN seeks long-term capital to drive reforms The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has said Nigeria’s financial sector reforms depend largely on sustained access to long-term capital from development finance institutions. Cardoso stated this on... Read More →

FG’s N501 billion power sector bond records 100% subscription The Federal Government has recorded a full subscription for its N501 billion inaugural power sector bond issued under the Presidential Power Sector Debt Reduction Programme (PPSDRP), signalling strong investor confidence in... Read More →

Naira appreciates to N1,400/$ as US dollar weakens The Nigerian Naira continued to gain ground against the US dollar during the midweek trading session. In the official market, the naira maintained the appreciation trend seen since the start of the week. The local... Read More →

Mutual Benefit Assurance Invests $64m in Oil Producing Assets Mutual Benefit Assurance Plc said besides its core insurance operations, it has diversified into the energy sector having invested a whooping $64 million (N96 billion) in a producing oil asset as a... Read More →

LIRS: 98% of Workers’ll Pay Less or Zero Tax Under New Regime The Lagos State Internal Revenue Service (LIRS), has said that under Nigeria’s new tax regime, only 1.6 per cent of Lagos taxpayers will face higher tax bills, while about 98 per cent... Read More →

Naira slips across FX markets on supply constraints The naira closed the week on a weaker note across both official and parallel market segments, with analysts pointing to supply constraints and demand pressures in the foreign exchange market. At the... Read More →

Equities decline as NGX sheds N394bn in weekly trading The Nigerian equities market experienced a sharp pullback last week as investors engaged in profit-taking, causing the Nigerian Exchange Limited to lose N394bn in market capitalisation. Market activity slowed compared with... Read More →