Market Updates

NGX extends bullish run with N97bn investor gain The Nigerian Exchange Limited extended its bullish trading on Thursday with a N97bn gain for investors. Both the All-Share Index and the market capitalisation inched up by 0.10 per cent to 145,476.15 and N92.73tn, respectively. The sustained positive trading lined up with... Read More →

SEC set to launch USSD code, ISS Audio The Securities and Exchange Commission is set to unveil two innovative products: a USSD Service and ISS Audio, designed to democratise information dissemination and enhance investor engagement. In a statement on Wednesday, the Commission said the unveiling will take place at the... Read More →

Raise standards in new tax regime, CITN urges professionals The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, has charged tax professionals across the country to rise to the demands of Nigeria’s evolving tax landscape, insisting that the new tax reform laws... Read More →

AMCON repays N3.6tn, intensifies global asset hunt The Asset Management Corporation of Nigeria, the government-owned agency established in 2010 to stabilise and revitalise the Nigerian financial system, announced on Wednesday that it has so far repaid about N3.6tn to the Central Bank of Nigeria since its inception. Managing Director and... Read More →

NGX unveils commercial paper listings Nigerian Exchange Limited has introduced Commercial Paper listings, following approval from the Securities and Exchange Commission. In a statement from the NGX on Wednesday, the new market offering will deepen Nigeria’s short-term debt market. The PUNCH reports that with the new listing window for commercial papers,... Read More →

FIRS clarifies new tax laws, debunks levy misconceptions The Federal Inland Revenue Service has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability. The agency also clarified that the much-debated four per cent development levy on imported goods is... Read More →