Market Updates

No new taxes for fuel, telecom – FG The Federal Government on Wednesday dismissed reports suggesting it had adopted or was considering the introduction of new taxes on telecommunications services and petroleum products following recommendations contained in the latest IMF Article IV Consultation Report on Nigeria. The government said the... Read More →

FG targets N200bn capital for cooperative bank The Federal Government on Thursday unveiled plans to raise N200bn in share capital for a proposed Cooperative Bank of Nigeria as part of efforts to strengthen financial inclusion, support farmers, artisans and small businesses, and reposition the cooperative sector as a key driver... Read More →

Govt moves to ease tax reform implementation The Federal Government has issued transition guidelines for the implementation of the Tax Acts 2025, clarifying how taxpayers, tax authorities and other stakeholders should manage obligations arising from the migration from the old tax regime to the new framework that took effect on... Read More →

N1.53tn Inflows to Boost Banking System Liquidity as OMO Maturities Dominate The nation’s financial system is expected to receive an estimated N1.53 trillion in liquidity this week from maturing fixed-income instruments, providing relief to money market conditions after the Central Bank of Nigeria (CBN) intensified liquidity sterilisation efforts in the... Read More →

Stock Market Down N782bn on Profit-taking in GTCO, 36 Others The stock  market section of the Nigerian Exchange Limited (NGX) extended its profit-taking  run with a decline of N782 billion driven by sell-offs in The NGX All-Share Index (ASI) lost 1.219.93 basis  points or 0.50 per cent to close at 241,984.80... Read More →

CBN bets on digital payments for economic transformation The Central Bank of Nigeria sees stronger payment systems as key to growth, inclusion and trade, but the success of its Payments System Vision 2028 hinges on delivering measurable economic benefits, writes SAMI TUNJI When most Nigerians transfer money from a mobile... Read More →