Market Updates

Tax reform: Only officially gazetted Acts carry legal authority – NRS The Nigeria Revenue Service has clarified that only officially gazetted Acts of the National Assembly carry legal authority and are binding on taxpayers and revenue administrators, dismissing claims that the country’s newly enacted tax reform laws were altered after... Read More →

NGX All-Share Index rises 1.92% The Nigerian Exchange recorded a strong performance last week, with the All-Share Index appreciating by 1.92 per cent to close at 156,492.36 points, while market capitalisation rose by 2.09 per cent to N99.938tn. Trading spanned four days as the Federal Government declared Thursday, 1 January... Read More →

Cash circulation stabilises amid regulatory reforms The Central Bank of Nigeria has intensified efforts to reinforce operational discipline across the financial system, with a renewed focus on ensuring that cash remains available to Nigerians at all times. This push, driven by the apex bank’s determination to restore confidence and reliability,... Read More →

Naira opens 2026 stronger at 1,430.84/$ The naira started the first trading day of the New Year on a stronger note, riding on gains from relative stability in 2025 to appreciate to N1,430.84/$ at the official window, data from the Central Bank of Nigeria indicated. In the past week, the... Read More →

  ‘30% CGT risks investor flight, double charge’ Nigeria’s proposed 30 per cent Capital Gains Tax on capital market transactions above N150m has ignited intense debate among capital market operators, economists, and investment professionals, many of whom warn that the policy could amount to double taxation for investors and weaken... Read More →

Brace for anti-tax unrest, NRS tells security agencies The Executive Chairman of the Nigeria Revenue Service, formerly the Federal Inland Revenue Service, Zacch Adedeji, has asked security agencies to be on alert over planned nationwide protests against the new tax law “I’m using this time to call all the security... Read More →