Market Updates

Profit-taking drags NGX lower, market cap sheds N725bn The Nigerian Exchange Limited retreated into negative territory on Tuesday, as profit-taking in blue-chip equities erased gains from the Monday trading session. Investors adopted a cautious stance, opting to lock in profits after a sustained market rally. The benchmark All-Share Index declined... Read More →

CBN extends anti-money laundering compliance deadline for banks The Central Bank of Nigeria has given Deposit Money Banks 18 months to fully comply with its new baseline standards for automated anti-money laundering solutions, while other financial institutions have 24 months from March 10, 2026, to meet the requirements. The PUNCH... Read More →

Exchange rate is back at N1,400: Why it could stay there Just two weeks ago, the bets were firmly on the Naira strengthening below N1,300. Many analysts believed the currency was finally drifting toward what they considered its fair value. Optimism was high, and for a brief moment, the Naira appeared determined... Read More →

Aradel, FTG Insurance drive market activity to N31.23bn The Nigerian equities market kicked off the second week of March on a positive note as heavy-hitting trading activity drove the total value of transactions to N31.23bn on Monday. Amidst a broader market rally, Aradel Holdings and FTG Insurance emerged as the... Read More →

Failure to file taxes attracts heavy penalties – LIRS The Special Adviser to the Executive Chairman of the Lagos State Internal Revenue Service, Abideen Akande, explains why Lagos residents must file annual tax returns, the benefits of the new regime, and penalties for non-compliance, in this interview with OKECHUKWU NNODIM... Read More →

Pathway Advisors leads N11.45bn Lekki Gardens issuance Pathway Advisors Limited announced on Monday that it acted as the lead issuing house, financial adviser, and transaction sponsor to the N11.45bn oversubscribed Series 2 Commercial Paper Issuance under the N25bn Commercial Paper Programme of Lekki Gardens Estate Limited, approved by the Securities... Read More →