Market Updates

Auditor-General indicts CBN over recycled N29.7bn dirty banknotes The Office of the Auditor-General of the Federation has accused the Central Bank of Nigeria, under the leadership of the former Governor, Godwin Emefiele, of re-circulating dirty and unfit banknotes valued at N29.77bn in violation of the apex bank’s own Clean Note... Read More →

VFD Group redeems N12.8bn commercial paper Investment firm VFD Group has announced the successful redemption of its N12.83bn Series 5 Commercial Paper issued under its N20bn CP Programme. According to a statement from the firm on Tuesday, the redemption was executed on its maturity date of 14 November 2025. The... Read More →

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 →