Market Updates

LIRS warns employers ahead of Jan 31 tax deadline The Lagos State Internal Revenue Service has warned employers of labour in the state to comply with statutory tax filing obligations as the 31 January deadline for annual returns approaches, stressing that late or non-compliance will attract stiff penalties as enshrined... Read More →

Naira posts mixed performance, trades 1,480/$ at parallel market The naira recorded a mixed performance on Wednesday, with the currency depreciating slightly at the official window to 1,420.69/$ while appreciating in the parallel market to 1,480/$. According to Nigerian Foreign Exchange Market data on the website of the Central Bank... Read More →

Recapitalisation signals new era for Nigerian banking The Central Bank of Nigeria, led by its Governor, Olayemi Cardoso, has sustained momentum around its vision of promoting regulatory excellence while reinforcing the foundations of Nigeria’s financial system. Central to this effort is the ongoing bank recapitalisation programme, which has already seen... Read More →

Equities gain as NGX posts N6.88bn modest growth The Nigerian Exchange Limited closed Wednesday’s trading session on a positive note, as equities gained marginally amid broad-based buying interest that lifted market capitalisation by N6.88bn. At the close of trading, the total market capitalisation of listed equities rose to N106.44tn from... Read More →

Investors watch yields as CBN sells N1.15tn bills The Central Bank of Nigeria was expected to conduct its second Treasury bills auction for January 2026 on Wednesday, offering instruments worth N1.15tn, as strong liquidity in the banking system collides with rising borrowing needs and cautious interest rate expectations. The auction... Read More →

Gains in Zenith Bank, 38 Others Lift Stock Market to Positive Territory The Nigerian stock market yesterday regained positive momentum amid demand for Zenith Bank Plc and 38 others that lifted  market capitalization by N93 billion. Following a 0.8 per cent increase in the stock price of Zenith Bank, the  Nigerian Exchange Limited... Read More →