Market Updates

CBN FX reforms stabilise economy as oil prices slide The recent slump in global oil prices has rattled several oil-reliant nations, but Nigeria appears to be charting a different course. This time, it is deliberate policy rather than favourable fortune that seems to be providing the buffer. SAMI TUNJI examines how the... Read More →

NGX Admits Chams HoldCo’s N3.66bn Shares The Nigerian Exchange Limited (NGX) has admitted Chams Holding Company’s 1,955,910,000 ordinary shares of 50 kobo each at N1.87 per share offered through private placement. The listing, effective November 17, 2025, increases the company’s total issued and fully paid-up shares from 4.696 billion to 6.651... Read More →

Stock Market Depreciates by N310.85bn on Profit-taking in Zenith Bank, Others The  Nigerian  stock market, yesterday depreciated by N310.85 billion over investors  profit-taking in Zenith Bank Plc and 31 others stocks listed on the Nigerian Exchange Limited (NGX). With 0.77per cent decline to N64.50 per share in stock price of Zenith Bank,... Read More →

Ellah Lakes Extends N235bn Public Offer Deadline  Ellah Lakes Plc stated that the Securities and Exchange Commission (SEC) has approved the extension of its ongoing N235 billion public offer period, allowing more investors to participate in the company’s growth journey.  The company is raising a public offer of 18.8 billion... Read More →

Offences and penalties in new Nigerian Tax Act (2) THE new Nigerian Tax Act comes into effect on January 1, 2026. The new tax law is intended to transform the nation’s economy, promote equity among the populace, improve the financial capabilities of low and medium class workers and to bridge... Read More →

Tax reforms meant to ease burden, not add pain – FG The Federal Government says the new tax act is aimed at lessening economic burdens on Nigerians and not to worsen any hardship on the citizens. The government believes widespread misinformation is fuelling needless fear and anger across the country.... Read More →