Category: #Finance

in #Finance, International, News

Investors are still betting big on Nigeria’s stock market—Thursday marked the 19th straight day of gains, pumping N138 billion into market cap for a 0.13% jump to N102.822 trillion. All-Share Index climbed 214.80 points to 160,806.56, fueled by standouts like Neimeth International Pharma (+10% to N7.70), May & Baker (+9.85% to N26.20), Etranzact (+9.64% to…

FROM FIRS TO NRS: ADEDEJI UNVEILS MASSIVE REVENUE SYSTEM OVERHAUL – DIGITAL, CENTRALIZED, FUTURE-PROOF

Jan 6, 2026

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Say goodbye to fragmented taxes NRS replacing FIRS isn’t a logo tweak, it’s a root-to-tip rebuild of Nigeria’s revenue machine, per Executive Chair Dr Zacch Adedeji in an Abuja TV spot. Fresh tax laws (gazetted after Tinubu’s nod) rebrand the apex collector, consolidating scattered duties into one smart hub: data fusion, automation galore, slashing human…

REPS DROP OFFICIAL TAX LAWS TO KILL CONFUSION OVER TINUBU’S REFORMS

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Ever wondered if those tax reform bills floating around online are the real deal? The House of Representatives just hit back at the rumors—dropping certified copies of President Tinubu’s four big tax laws to set the record straight. Speaker Abbas Tajudeen, teaming up with Senate President Godswill Akpabio, ordered the release after lawmakers spotted shady…

ADAMAWA GOV SIGNS N583BN 2026 BUDGET – INFRA & SECURITY PUSH

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Fresh fiscal firepower: Gov. Ahmadu Fintiri inked Adamawa’s N583.3 billion 2026 budget Wednesday, post-Assembly passage (presented Dec. 19)—64% capital (N373.69bn) for projects, 36% recurrent (N209.64bn). Fintiri hailed wide consultations reflecting statewide needs: Infra boost, education/health expansion, jobs, welfare. Security spotlight: Deploying trained forest guards to Hong LGA vs emerging threats. “Much achieved; 2026 delivers more,”…

BENUE GOV SIGNS N695BN 2026 BUDGET – RURAL REVIVAL AHEAD

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Benue’s food basket gets a massive refill: Gov. Hyacinth Alia inked the N695 billion 2026 Appropriation Bill Wednesday, up N89.5bn from his N605.51bn proposal, tagging it “Budget of Rural Development, Livelihood Support & Sustainability.” Chief Press Sec Tersoo Kula confirmed the quick Assembly passage and assent. “Rooted in our realities, this flips rural neglect—decades overdue…

BAUCHI GOV SIGNS N877BN 2026 BUDGET OF CONSOLIDATION

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New year, big bucks: Gov. Bala Mohammed inked the N877 billion 2026 Appropriation Bill Wednesday, trimming a slight N1bn from his original N878bn proposal for “Budget of Consolidation and Sustainability.” Mohammed praised lawmakers for their swift, thorough scrutiny after his Nov. 27 presentation. “The House fulfilled their promise of timely, objective review—activating implementation from Jan.…

NEW TAX LAW TO SUPERCHARGE REAL ESTATE & HOME OWNERSHIP – NIESV

Dec 31, 2025

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Tax cuts sparking a housing boom? NIESV President Victor Alonge says Nigeria’s fresh reforms kick in Jan. 1, 2026, slashing burdens on construction and making homes more reachable. Alonge shared the optimism Tuesday at a Lagos presser during QShelter Ltd and M.I. Okoro & Associates’ MoU signing to market Renewed Hope Housing in Abuja, Kano,…

GTCO RAISES N10BN VIA PRIVATE PLACEMENT – CBN & SEC APPROVED

Dec 31, 2025

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in #Finance, Business, News

Big banks stacking cash: GTCO just got the green light from CBN and SEC to pocket N10 billion through a private share placement—right on the heels of smashing new capital rules. The holding company announced Tuesday it’s issuing 125 million ordinary shares at N80 each in a “best efforts” deal, closing December 31 (pending final…

NIGERIA SCORES $4.60BN BOP SURPLUS IN Q3 2025 – CBN

Dec 31, 2025

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