Market Updates

NGX gains 1.74% as market cap soars above N100tn The Nigerian Exchange opened the 2026 trading year on a strong footing, as renewed investor demand and broad-based buying across listed equities lifted total market capitalisation above the N100tn threshold, underscoring improving market sentiment and a positive start to the year.... Read More →

Chapel Hill, CardinalStone dominate NGX trading Chapel Hill Denham Securities Ltd and CardinalStone Securities Ltd emerged as the top-performing stockbrokers on the Nigerian Exchange during the fourth quarter of 2025, commanding a significant portion of trading activity by both volume and value, according to the latest Broker Performance Report. The... Read More →

Rand Merchant Bank Nigeria meets CBN recapitalisation threshold Rand Merchant Bank Nigeria Limited has announced meeting the new minimum capital requirement as set by the Central Bank of Nigeria. This was disclosed in a statement made available to our correspondent on Monday, indicating that the MCR was achieved on 30... Read More →

‘Tax Act introduces incentives for local manufacturing’ Nigeria’s long-anticipated tax reform may redefine how manufacturers operate, invest, and plan for growth, but its success will hinge on execution, professional services firm Kreston Pedabo has said. In an assessment of the Nigeria Tax Act 2025, Pedabo said the law signals a... Read More →

Tax reform: Only officially gazetted Acts carry legal authority – NRS The Nigeria Revenue Service has clarified that only officially gazetted Acts of the National Assembly carry legal authority and are binding on taxpayers and revenue administrators, dismissing claims that the country’s newly enacted tax reform laws were altered after... Read More →

NGX All-Share Index rises 1.92% The Nigerian Exchange recorded a strong performance last week, with the All-Share Index appreciating by 1.92 per cent to close at 156,492.36 points, while market capitalisation rose by 2.09 per cent to N99.938tn. Trading spanned four days as the Federal Government declared Thursday, 1 January... Read More →