Market Updates

Lagos PDP governorship aspirant flags conflicting versions of tax law Lagos State governorship aspirant under the Peoples Democratic Party, Funso Doherty, has raised concerns about the existence of multiple versions of the law on official government platforms. In a recent open letter addressed to the Chairman of the Nigeria Revenue... Read More →

Bitget expands beyond crypto with TradFi launch Bitget, the world’s largest Universal Exchange, has expanded its platform beyond digital assets with the public launch of its traditional finance trading suite, allowing users to trade assets such as gold, forex, indices and commodities alongside cryptocurrencies. The move follows a private beta... Read More →

NGX gains 1.74% as market cap soars above N100tn The Nigerian Exchange opened the 2026 trading year on a strong footing, as renewed investor demand and broad-based buying across listed equities lifted total market capitalisation above the N100tn threshold, underscoring improving market sentiment and a positive start to the year.... Read More →

Chapel Hill, CardinalStone dominate NGX trading Chapel Hill Denham Securities Ltd and CardinalStone Securities Ltd emerged as the top-performing stockbrokers on the Nigerian Exchange during the fourth quarter of 2025, commanding a significant portion of trading activity by both volume and value, according to the latest Broker Performance Report. The... Read More →

Rand Merchant Bank Nigeria meets CBN recapitalisation threshold Rand Merchant Bank Nigeria Limited has announced meeting the new minimum capital requirement as set by the Central Bank of Nigeria. This was disclosed in a statement made available to our correspondent on Monday, indicating that the MCR was achieved on 30... Read More →

‘Tax Act introduces incentives for local manufacturing’ Nigeria’s long-anticipated tax reform may redefine how manufacturers operate, invest, and plan for growth, but its success will hinge on execution, professional services firm Kreston Pedabo has said. In an assessment of the Nigeria Tax Act 2025, Pedabo said the law signals a... Read More →