Market Updates

Oil sector boosts NGX to N110.23tn market cap The Nigerian Exchange Limited reached a historic high as a surge in the Oil & Gas sector drove the All-Share Index to an unprecedented 171,727.49 points. The total market capitalisation rose to N110.23tn over the past week, representing a robust 3.8 per... Read More →

World Bank cuts CBN grant to $6.8m The World Bank has reduced the size of a planned grant to the Central Bank of Nigeria from $10.50m to $6.80m, with board consideration for the project now scheduled for March 27, according to updated project information reviewed by The PUNCH. The funding,... Read More →

Capital gains tax jumps 429% to N12.18bn Capital gains tax revenue surged by about 429 per cent in December 2025 to N12.18bn, up from N2.30bn in November, as fresh tax reforms stoke expectations of a higher 30 per cent rate. Data from a Federation Accounts Allocation Committee document from the... Read More →

FX sale dispute: Manufacturers drag CBN, banks to court Not all manufacturing companies have received payment for their unpaid foreign exchange forward contracts. These companies’ unsettled FX backlogs have continued to incur losses too big to bear, the Manufacturers Association of Nigeria has said. MAN’s advocacy comes despite the Central... Read More →

Calls grow for bigger Sukuk to fund infrastructure Experts in Nigeria’s non-interest finance space have called for larger and more frequent Sukuk issuances to deepen the market, unlock long-term capital for infrastructure, and widen financial inclusion, as volatility in global markets pushes investors towards asset-backed and ethical instruments. The call... Read More →

Stock Market Advances by N1.4trn on Q4 2025 Corporate Earnings The Nigerian stock market yesterday closed  on a positive note, with investors gaining N1.4rillion, driven by strong Q4 earnings reports from key companies. The Nigerian Exchange Limited All Share Index (NGX ASI) gained by 2,128.61 points or 1.28 per cent... Read More →