Fit Row

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 →

New tax law tackles double taxation – NRS The Federal Government has outlined fresh measures to curb double taxation, expand the tax net, and strengthen compliance under Nigeria’s new tax laws, according to a Frequently Asked Questions report obtained by... Read More →

Investors flood CBN auction, subscriptions hit N3.44tn The Central Bank of Nigeria recorded an oversubscription rate of about 199 per cent at its Nigerian Treasury Bills primary market auction on Wednesday as investors aggressively positioned for high yields, with total... Read More →

Norrenberger Equity Model outperforms NGX with 82% return Norrenberger’s Equity Portfolio Model recorded an 82 per cent return in 2025, outperforming key Nigerian stock market benchmarks for the second consecutive year, according to performance data released by the firm. The... Read More →

LIRS warns employers ahead of Jan 31 tax deadline The Lagos State Internal Revenue Service has warned employers of labour in the state to comply with statutory tax filing obligations as the 31 January deadline for annual returns approaches, stressing... Read More →