Market Updates

SEC set to launch USSD code, ISS Audio The Securities and Exchange Commission is set to unveil two innovative products: a USSD Service and ISS Audio, designed to democratise information dissemination and enhance investor engagement. In a statement on Wednesday, the Commission said the unveiling will take place at the... Read More →

Raise standards in new tax regime, CITN urges professionals The President and Chairman of the Council of the Chartered Institute of Taxation of Nigeria, Innocent Ohagwa, has charged tax professionals across the country to rise to the demands of Nigeria’s evolving tax landscape, insisting that the new tax reform laws... Read More →

AMCON repays N3.6tn, intensifies global asset hunt The Asset Management Corporation of Nigeria, the government-owned agency established in 2010 to stabilise and revitalise the Nigerian financial system, announced on Wednesday that it has so far repaid about N3.6tn to the Central Bank of Nigeria since its inception. Managing Director and... Read More →

NGX unveils commercial paper listings Nigerian Exchange Limited has introduced Commercial Paper listings, following approval from the Securities and Exchange Commission. In a statement from the NGX on Wednesday, the new market offering will deepen Nigeria’s short-term debt market. The PUNCH reports that with the new listing window for commercial papers,... Read More →

FIRS clarifies new tax laws, debunks levy misconceptions The Federal Inland Revenue Service has stated that Nigeria’s newly enacted tax laws are designed to strengthen economic competitiveness, attract investments, and improve long-term fiscal stability. The agency also clarified that the much-debated four per cent development levy on imported goods is... Read More →

Eterna launches N21.5bn Rights Issue Eterna Plc, one of Nigeria’s leading integrated energy companies, has finalised arrangements for a rights issue of 978,108,485 ordinary shares at N22.00 per share, expected to raise approximately N21.52 bn. The capital raise is designed to strengthen the company’s balance sheet and support strategic expansion... Read More →