NGX offers stockholders N150m exemption on capital gains tax-

Investors in Nigeria’s capital market will benefit from a N150m annual exemption under the new Capital Gains Tax regime, following a high-level stakeholder dialogue convened by the Nigerian Exchange Group on the Tax Reform Act 2024.The provision, which takes effect from January 2026, is designed to protect 99.9 per cent of retail investors from the 30 per cent tax on gains from the disposal of shares. The exemption was clarified by the Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, during the forum, which brought together issuers, investors, intermediaries, and regulators……….(Read More)

Investors gain N115bn as banking, oil stocks lift market –

Trading activities on the Nigerian Exchange Limited opened the week on a positive note as investors gained N115bn in market value on Monday, driven by strong performances in the banking and oil and gas sectors.At the close of transactions, the market capitalisation of listed equities advanced to N90.1tn from N89.99tn recorded at the previous session, reflecting a gain of N115bn. Similarly, the benchmark All-Share Index appreciated by 244.51 points, or 0.17 per cent, to settle at 142,377.54 basis points……..(Read More)

Crude oil production rose to 1.8m bdp — FG  –

Nigeria’s Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said that Nigeria’s oil production rose to 1.8 million barrels per day, from 1 million, adding that the goal is to reach 2.5 million bdp, as American companies are already showing strong interest in investing in Nigerian oil blocks……..(Read More)

Foreign portfolio inflow hits N748bn in 4yrs –

The value of transactions executed by foreign investors through the Nigerian stock market increased to N1.718 trillion in as at end August 2025, about 541% up from N262.85 billion in the same period in 2021. The domestic and foreign investment report released by the Nigerian Exchange Limited, NGX, shows that Foreign Portfolio Investment inflows during the period was N748.23 billion, about 506%  up from N123.46 billion recorded in the same period of 2021..…..(Read More)

Airports Authority Unveils Cashless Policy, Targets 75% Revenue Increase –

The Federal Airports Authority of Nigeria (FAAN) has targeted a 75 per cent increase in its revenue as it integrates its new cashless policy in more points across the airports. Speaking during the launch of ‘Operations Go Cashless’ at the Murtala Muhammed International Airport, Lagos (MMIA) on Monday, the managing director of FAAN, Olubunmi Kuku, said the authority had set the first quarter of 2026 as the deadline for the agency to go cashless fully…………(Read More)

German unemployment rises more than expected in September –

The number of people out of work rose more than expected in September, labor office figures showed on Tuesday, as the job market struggles to recover in a continually weak economy. In seasonally adjusted terms, the jobless figure rose by 14,000 to 2.98 million, surpassing the 8,000 increase forecast by analysts polled by Reuters……(Read More)