Market Updates

Equities firm as NGX market cap surges N138bn Nigerian equities closed the trading session on a positive note on Thursday as the total market capitalisation of the Nigerian Exchange Limited increased by N138bn, reflecting modest investor optimism despite mixed trading activity across sectors. At the close of trading, total market... Read More →

Champion Breweries unveils N42bn public offer Champion Breweries Plc has unveiled a N42bn Public Offer of ordinary shares, opening a new phase in the company’s capital-raising programme aimed at funding expansion and the acquisition of the Bullet brand portfolio across Africa. The offer, which opened on 8 January 2026, is... Read More →

North central states move to domesticate new tax As Nigeria begins implementing its new tax laws, legislative momentum is building across the North Central region, with Jigawa, Plateau, Kogi, Nasarawa and Kwara States taking concrete steps to domesticate the reforms and strengthen their revenue frameworks. Separate statements from the Joint... Read More →

UK investors drive 65% of Nigeria’s foreign inflows Nigeria attracted about 65 per cent of its recent foreign capital inflows from United Kingdom investors over the past year, with investments including $7.5m into Babban Gona and $40.5m into Johnvent Industries, the Federal Government has said. The Federal Ministry of Industry,... Read More →

KPMG flags errors, gaps in gazetted tax laws Nigeria’s newly gazetted tax laws, which became effective on 1 January 2026, contain errors, inconsistencies, gaps, and omissions that could affect businesses and taxpayers, according to a report by KPMG Nigeria. The report reviewed the Nigeria Tax Act and the Nigeria Tax... Read More →

Tinubu lauds NGX N100tn milestone, urges Nigerians to invest President Bola Tinubu has praised corporate Nigeria, citizens, and stakeholders in the Nigerian capital market for helping the Nigerian Exchange surpass the historic N100 trillion market capitalisation milestone, describing it as a signal of a “new economic reality” for the country.... Read More →