Market Updates

SEC hikes minimum capital for market operators in major reform Nigeria’s Securities and Exchange Commission has introduced a comprehensive revision of minimum capital requirements for nearly all capital market operators, marking the most significant overhaul since 2015. The changes, outlined in a circular issued on January 16, 2026, obtained from... Read More →

ASHON Chairman: Inconsistent Policy Pose Biggest Challenges to Nigerian Capital Market   Congratulations on your election as the Chairman of Association of Securities Dealing Houses of Nigeria (ASHON). What is your general assessment of the current capital market environment? Thank you. My election represents a call to service. Despite short-term volatility,... Read More →

RMB Nigeria leads Presco’s N236bn rights issue Rand Merchant Bank Nigeria Limited has acted as the lead issuing house of the N236bn rights issue undertaken by Presco Plc, working closely with Presco to structure, coordinate, and execute a seamless capital raise. This was disclosed in a statement made available to The... Read More →

FG orders banks, fintechs to remit VAT on service fees The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will... Read More →

NGX RegCo confirms UBA’s 3.16bn share listing The Nigerian Exchange Regulation has confirmed the admission of an additional 3.16 billion ordinary shares of United Bank for Africa Plc to the Daily Official List of the local bourse. In the confirmatory letter dated 12 January, which was signed by the Head... Read More →

Champion Breweries redeems N4.21bn commercial paper notes Champion Breweries Plc has announced the successful redemption of its N4.21bn Series 1 Commercial Paper Notes at maturity, issued under its N15bn Commercial Paper Issuance Programme. The company said in a statement on Wednesday that the Series 1 Commercial Paper provided cost-effective short-term... Read More →