Market Updates

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 →

Insurance stocks soar as investors favour cheaper equities The Nigerian Exchange witnessed a quiet but notable shift in investor activity on Thursday, as insurance stocks outperformed banking equities, reflecting growing interest from retail investors in low-priced securities. Trading data showed that the banking sector remained subdued, with United Bank for... Read More →

Equity market rebounds with N694bn gain The Nigerian Exchange closed Thursday on a strong note, rebounding with a N694 bn gain after a week of losses as investors returned to the market, driving selective gains across key sectors. The NGX All-Share Index rose by 1,088.61 points, or 0.74 per cent,... Read More →

Banks strengthen capital base as CBN tightens controls Deposit Money Banks are shoring up their capital base as the Central Bank of Nigeria intensifies oversight, reinforcing governance, transparency, and risk management to ensure a resilient, stable financial system, OLUWAKEMI ABIMBOLA writes Nigeria’s banking system remains stable and resilient, a key... Read More →