Market Updates

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 →

Cash circulation stabilises amid regulatory reforms The Central Bank of Nigeria has intensified efforts to reinforce operational discipline across the financial system, with a renewed focus on ensuring that cash remains available to Nigerians at all times. This push, driven by the apex bank’s determination to restore confidence and reliability,... Read More →

Naira opens 2026 stronger at 1,430.84/$ The naira started the first trading day of the New Year on a stronger note, riding on gains from relative stability in 2025 to appreciate to N1,430.84/$ at the official window, data from the Central Bank of Nigeria indicated. In the past week, the... Read More →