Market Updates

Capital Gain Tax Implementation Fear Rattles Stock Market as 10 Firms Shed N4.95trn Investors in the Nigeria equities market have continued to take flight as the January 2026 take off of the newly introduced capital gain tax draws closer. At the close of trades for the month of November, the market... Read More →

FSL Insurance Brokers unveils mobile app FSL Insurance Brokers Limited has officially launched FSL Insure, a new mobile and web application designed to simplify, modernise, and expand access to insurance products for individuals and businesses nationwide. According to a statement from the insurance brokerage firm on Sunday, the new app... Read More →

Nigeria’s World Bank debt to hit $9.65bn World Bank loans to Nigeria between 2023 and 2025 are projected to reach $9.65bn by the end of this year as fresh approvals, ongoing negotiations, and disbursements gather pace across key sectors. The amount covers International Bank for Reconstruction and Development and International... Read More →

Banks seek new revenue channels as FX gains fade As the massive foreign exchange gains that banks enjoyed in the wake of the harmonisation of the FX market dry up, market watchers say lenders are actively seeking ways to open up other non-interest channels. This was part of the outlook... Read More →

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 →