Market Updates

ETERNA PLC targets N21.52bn through rights issue to fund expansion and strengthen balance sheet EternaPlc has announced a N21.52 billion rights issue of 978,108,485 ordinary shares at N22 per share to strengthen its balance sheet and fund strategic expansion across retail, lubricants, LPG, and aviation fueling operations. The subscription period... Read More →

Naira plunges to N1,950/£1 as holiday rush fuels British Pound Sterling surge The British Pound marginally depreciated toward the N1,935 support level at the official market and N1,950 at the unofficial market during the mid-week trading session. CBN data showed it settled at N1,931 on Wednesday, with intraday trading fluctuating... Read More →

NGX Expands Market Offerings with Introduction of Commercial Paper Listings Nigerian Exchange Limited (NGX) has introduced Commercial Paper (CP) listings, following approval from the Securities and Exchange Commission (SEC), marking another significant expansion of its product suite in a year defined by accelerated innovation. This development deepens Nigeria’s short-term debt market... Read More →

NGX extends bullish run with N97bn investor gain The Nigerian Exchange Limited extended its bullish trading on Thursday with a N97bn gain for investors. Both the All-Share Index and the market capitalisation inched up by 0.10 per cent to 145,476.15 and N92.73tn, respectively. The sustained positive trading lined up with... Read More →

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 →