Market Updates

Low-priced tech stocks lead NGX gains in 2026 Smaller technology stocks are emerging as a key source of returns for investors on the Nigerian Exchange (NGX) in 2026, as market activity broadens beyond large-cap names to include lower-priced, high-growth counters. A BusinessDay analysis of selected tech and telecom-linked equities shows... Read More →

Guinea Insurance targets N5.8bn via Rights Issue Guinea Insurance Plc has officially kicked off its recapitalisation journey with the launch of a N5.8bn Rights Issue in a decisive move to solidify its market position and meet looming regulatory requirements. The move, formalised during a signing ceremony in Lagos, is designed... Read More →

SEC raises capital thresholds for market operators The Securities and Exchange Commission has officially raised the minimum capital requirements for all Capital Market Operators in a move designed to overhaul the backbone of Nigeria’s financial ecosystem. The new directive, rooted in the Investments and Securities Act 2025, marks a significant... Read More →

Despite Tax Credit, 28 NGX Listed Firms Paid N2.5trn Tax in 2025 Despite the road infrastructure tax credit scheme of the federal government, 28 companies listed on the Nigerian Exchange Limited (NGX) paid an estimated N2.5trillion tax to Federal Inland Revenue Service (FIRS) and other revenue agencies in the financial year... Read More →

Direct Remittances Show Resilience, Jumped 97% YoY to $107.47m in January Nigeria’s diaspora inflows continued to show resilience, with total direct remittances reaching $1.22 billion in 2025 and sustaining strong momentum into the new year, according to the latest international payments data released by the Central Bank of Nigeria (CBN).... Read More →

Naira slips 1,385/$ amid Middle East tension The naira has come under renewed pressure in the foreign exchange market, slipping to N1,385 per US dollar as escalating conflict in the Middle East sends shockwaves through global financial systems. The local currency, which had previously shown signs of stability at N1,360,... Read More →