Market Updates

RMB Nigeria leads Presco’s N236bn rights issue Rand Merchant Bank Nigeria Limited has acted as the lead issuing house of the N236bn rights issue undertaken by Presco Plc, working closely with Presco to structure, coordinate, and execute a seamless capital raise. This was disclosed in a statement made available to The... Read More →

FG orders banks, fintechs to remit VAT on service fees The Federal Government has directed all banks and fintechs to collect and remit 7.5 per cent value-added tax on certain electronic banking services, effective Monday, January 19, 2026, according to an email notice issued by payment platforms. The VAT will... Read More →

NGX RegCo confirms UBA’s 3.16bn share listing The Nigerian Exchange Regulation has confirmed the admission of an additional 3.16 billion ordinary shares of United Bank for Africa Plc to the Daily Official List of the local bourse. In the confirmatory letter dated 12 January, which was signed by the Head... Read More →

Champion Breweries redeems N4.21bn commercial paper notes Champion Breweries Plc has announced the successful redemption of its N4.21bn Series 1 Commercial Paper Notes at maturity, issued under its N15bn Commercial Paper Issuance Programme. The company said in a statement on Wednesday that the Series 1 Commercial Paper provided cost-effective short-term... Read More →

NGX lists 3.16 billion UBA shares The Nigerian Exchange Limited has officially listed an additional 3,156,869,665 ordinary shares of United Bank for Africa Plc on its Daily Official List, marking a step in strengthening the bank’s capital base and deepening liquidity in the Nigerian capital market. The listing follows the... Read More →

NGX market surges N598bn as bulls dominate trading The Nigerian Exchange Limited recorded a strong trading session on Wednesday as investor optimism returned to the equities market, pushing total market capitalisation up by N598bn to close at N106.78tn. The increase reflects a 0.56 per cent rise over the previous session... Read More →