Market Updates

Senator urges review of 30% capital gains tax The Chairman, Senate Committee on Capital Market and Institutions, Senator Osita Izunaso, has called for a review of the controversial 30 per cent Capital Gains Tax on share sales, warning that the policy has already triggered a N2tn loss in market capitalisation.... Read More →

Equities market rebounds as investors gain N2.59tn A day after a 5.01 per cent decline in the All-Share Index of the Nigerian Exchange Limited, it rebounded to close trading in the green zone for the first time in days. Both the ASI and the market capitalisation of the NGX appreciated... Read More →

Gold regains shine, rebounds above $4,100 as trade uncertainty looms  Gold rose sharply on Monday, November 10, 2025, soaring back above the $4,100 mark in the global commodities market. The yellow metal, which gained 2.88% on the day, extended its momentum to Tuesday, trading around $4,130 per ounce ahead of... Read More →

LCFE, PENCOM Forge Path for Pension Fund Investments in Gold-backed Securities The Lagos Commodities and Futures Exchange (LCFE), and National Pension Commission (PenCom), have announced plans to explore strategies for expanding investment opportunities in gold-backed securities through Nigeria’s commodities exchanges. This comes in the wake of the revised Regulation on Investment of Pension Fund Assets, issued by... Read More →

Renowned Energy Professor, Iledare, Wants Nigeria to Curb Oil Export  Professor Emeritus of Petroleum Economics,  Wumi Iledare, has aligned with the recent view by the Chairman of the Organisation of Petroleum Exporting Countries (OPEC) Board of Governors, Ademola Adeyemi-Bero, that Nigeria should end the wholesale export of its crude oil.... Read More →

Polaris Bank Emerges MSME Digital Bank of the Year Polaris Bank has emerged the MSME Digital Bank of the Year (Inclusive Growth) at the second edition of the MSME Finance & CEO Awards held recently in Lagos. The event, organised by the Africa Global Economic Forum BBBin partnership with PROSHARE, recognized outstanding institutions... Read More →