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FPI Activity Declines Second Consecutive Month in November

December 31, 2025/CSL Update Foreign Portfolio Investment (FPI) activity on the Nigerian Exchange (NGX) declined by 13.1% to ₦162.04 billion (US$112.00 million) in November 2025, down from ₦186.62 billion (US$131.27 million) in October, marking the second consecutive monthly decline. Domestic investor activity also eased, falling by 4.4% to ₦809.14 billion […]

How Nigeria’s New Tax Law Could Redefine Risk in the Banking Sector

December 31, 2025 By Blaise Udunze Nigeria’s new tax identification portal goes live nationwide tomorrow, Monday, January 1, 2026, marking a pivotal moment in the country’s fiscal and financial governance. Designed to modernise tax administration and strengthen taxpayer identification, the reform reflects a decisive shift in economic strategy by a […]

Market Closes the Year on a Positive Note as Bulls Dominate

December 31, 2025/United Capital Report Equities Market Summary Today, the Nigerian Exchange Market closed on a positive note following share price appreciation in FCMB (+9.05%) and BUAFOODS (+1.25%). As a result, the benchmark Nigerian Exchange All-Share Index (NGX-ASI) rose by 0.37% to settle at 155,613.03 points. Year-to-date returns strengthened to […]