Market Updates

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 →

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 →