Market Updates

New tax law tackles double taxation – NRS The Federal Government has outlined fresh measures to curb double taxation, expand the tax net, and strengthen compliance under Nigeria’s new tax laws, according to a Frequently Asked Questions report obtained by The PUNCH on Sunday. The document, issued by the Nigeria... Read More →

Investors flood CBN auction, subscriptions hit N3.44tn The Central Bank of Nigeria recorded an oversubscription rate of about 199 per cent at its Nigerian Treasury Bills primary market auction on Wednesday as investors aggressively positioned for high yields, with total subscriptions rising to N3.44tn against an offer of N1.15tn. The... Read More →

Norrenberger Equity Model outperforms NGX with 82% return Norrenberger’s Equity Portfolio Model recorded an 82 per cent return in 2025, outperforming key Nigerian stock market benchmarks for the second consecutive year, according to performance data released by the firm. The model exceeded the NGX All-Share Index, which returned 52 per... Read More →

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 →