Market Updates

Norrenberger Pensions grows client base to 164,619, income hits ₦2.5bn Norrenberger Pensions Limited, on Wednesday reported that the company recorded strong operational performance despite Nigeria’s challenging macroeconomic environment. Ibrahim Bala, the company’s Chairman, while unveiling the year 2024 performance at the 13th Annual General Meeting, noted that the global economy... Read More →

MAN urges investments in blue economy, AI to boost industrialisation The Manufacturers Association of Nigeria has called for investments in blue economy, automation, artificial intelligence and advanced technologies in order to enhance efficiency. MAN made the recommendations in a communique issued at the end the 41st Annual General Meeting, Conference... Read More →

Virtual currency now taxable under new fiscal reform law – Oyedele  The Presidential Fiscal Policy and Tax Reforms Committee has disclosed that virtual currencies, including cryptocurrencies, will be subject to taxation under Nigeria’s new tax reform framework. Chairman of the committee, Taiwo Oyedele, made the disclosure during an online public... Read More →

CBN declares Zuldal MFB illegal, cautions Nigerians  The Central Bank of Nigeria (CBN) has issued a formal disclaimer disowning Zuldal Microfinance Bank Limited, warning that the entity is operating illegally and without any form of regulatory approval. In a statement on Thursday by the Acting Director of Corporate Communications, Hakama... Read More →

Reforms position Nigeria as continental trade powerhouse PRESIDENT Bola Tinubu has said that the Federal Government’s trade reforms, including the exchange rate unification, fuel subsidy removal, and port modernisation, among others, were designed to create a trade-friendly environment that could compete globally and power Nigeria’s continental ambitions. This is even... Read More →

Pension fund soars to N26tn Nigeria’s pension fund assets recorded 22.03 per cent growth as of the end of the third quarter, as they rose by more than N4.71tn, with Pension Fund Administrators deepening their allocation to Federal Government securities, according to the latest monthly data released by the National... Read More →