Market Updates

Ellah Lakes Extends N235bn Public Offer Deadline  Ellah Lakes Plc stated that the Securities and Exchange Commission (SEC) has approved the extension of its ongoing N235 billion public offer period, allowing more investors to participate in the company’s growth journey.  The company is raising a public offer of 18.8 billion... Read More →

Offences and penalties in new Nigerian Tax Act (2) THE new Nigerian Tax Act comes into effect on January 1, 2026. The new tax law is intended to transform the nation’s economy, promote equity among the populace, improve the financial capabilities of low and medium class workers and to bridge... Read More →

Tax reforms meant to ease burden, not add pain – FG The Federal Government says the new tax act is aimed at lessening economic burdens on Nigerians and not to worsen any hardship on the citizens. The government believes widespread misinformation is fuelling needless fear and anger across the country.... Read More →

FG begins N4tn GenCos debt repayment with bonds The Federal Government has begun the process of repaying the N4tn debt owed to Power Generation Companies with the launch of a N590bn first-tranche bond issuance. The initial tranche, part of a wider N4tn NBET Finance Company Plc Bond Programme, is guaranteed... Read More →

Tax Act spells out N10m penalty, 10-year jail term for offenders The days of treating tax non-compliance as a purely administrative matter are over, as Nigeria’s new tax legislation introduces stringent penalties, including a N10 million fine and imprisonment for up to 10 years for physically assaulting a tax officer.... Read More →

Nigeria centralises revenue flows in boldest overhaul since TSA The federal government has launched its most ambitious public finance reform in more than a decade, unveiling a unified revenue platform that integrates the Treasury Single Account (TSA), the Government Integrated Financial Management Information System (GIFMIS), the Central Bank of Nigeria... Read More →