Market Updates

New CBN capital rules may trigger N972bn equity scramble – Report Nigerian banks’ holding companies may be required to raise a combined N971.764bn in fresh equity if the Central Bank of Nigeria implements its proposed capital framework in its current form, with Access Holdings alone accounting for nearly 68 per... Read More →

NRS sets July 31 e-invoicing deadline for large firms The Nigeria Revenue Service has directed all large taxpayers to fully adopt the national e-invoicing and Electronic Fiscal System on or before July 31, warning that companies that fail to comply risk regulatory and enforcement actions under existing tax laws. The... Read More →

FG raises N729bn bond to clear GenCos’ legacy debts The Federal Government is set to issue a second bond worth about N729bn to settle verified legacy debts owed to electricity generation companies, in a move aimed at restoring liquidity to Nigeria’s power sector and improving investor confidence. The planned issuance,... Read More →

States pocket N2.37tn VAT under new tax regime State governments received N2.37tn from Value Added Tax revenue generated in the first half of 2026, representing an increase of N451.25bn compared with the corresponding period of 2025, an analysis by The PUNCH has shown. The figure indicates that states’ VAT allocation... Read More →

Businesses expect CBN to hold rates as MPC meets today Organised Private Sector leaders and economists have projected that the Central Bank of Nigeria’s Monetary Policy Committee will most likely retain the Monetary Policy Rate at 26.5 per cent when it meets on Monday and Tuesday, citing heightened geopolitical tensions... Read More →

CBN promises to sustain monetary, financial system stability The Central Bank of Nigeria has reaffirmed its commitment to maintaining monetary and financial system stability, saying it will continue to pursue policies aimed at controlling inflation, ensuring price stability and supporting sustainable economic growth. The assurance was contained in a statement... Read More →