Echotitbits – Nigeria News

Tag: Nigeria stock market

  • NGX Market Cap Nears ₦100 Trillion Milestone Amid Investor Optimism

    NGX Market Cap Nears ₦100 Trillion Milestone Amid Investor Optimism

    In a report by BusinessDay, the Nigerian Exchange (NGX) All-Share Index was said to be nearing 160,000 points, with market capitalization approaching the ₦100 trillion threshold. President Bola Tinubu reportedly welcomed the milestone and urged greater local investment.

    The rally has been linked to strong banking, industrial, and oil and gas performances, with investors using equities as a hedge amid inflation. Analysts also cited improved FX stability as a factor supporting sentiment and potential foreign inflows.

    Officials believe deeper markets could help the private sector raise long-term capital for infrastructure, though some observers warn market gains need to align with real-sector productivity to be sustainable.

    The Nation and Tribune Online also reported on rising activity, including increased retail participation through mobile trading apps.

    Echotitbits take: ₦100 trillion is a major psychological level. If sustained, it could accelerate IPO plans and broaden capital formation—provided earnings and governance keep pace.

    Source: NgxGroup – https://ngxgroup.com/ngx-market-cap-tops-%E2%82%A6100trn-on-strong-early-year-buying/ 2026-01-09

    Photo Credit: NGX Group

  • SEC Sets January Window for Market Operators to Renew Registration

    SEC Sets January Window for Market Operators to Renew Registration

    Photo Credit: Vanguard
    2025-12-23 09:00:00

    In a statement relayed by Vanguard, Nigeria’s Securities and Exchange Commission has directed capital market operators to renew their registration within January 2026, while also pushing digital upgrades to licensing and filings.

    The regulator says it wants the renewal process to be clearer, faster and less dependent on physical visits, as part of broader reforms to market oversight and investor confidence.

    SEC leadership is also signalling a bigger “automation” roadmap, including electronic receipt/processing and structured returns templates to strengthen risk-based supervision.

    For operators, the key practical impact is compliance readiness: documentation, timelines, and how quickly the new portal workflows become mandatory.

    Validation: The Nation reports that SEC “directed all capital market operators to renew their registration between January 1 and January 31, 2026.” Legit.ng reiterates that “The SEC has requested that capital market operators renew their registration between January 1 and January 31, 2026.”

    Echotitbits take: If SEC’s digitisation actually reduces approval delays, this could quietly improve market depth. Watch for enforcement consistency: the real test is whether non-compliance triggers penalties equally across big and small operators.

    Source: Vanguard — December 23, 2025 (https://www.vanguardngr.com/2025/12/sec-directs-market-operators-to-renew-registration-from-jan-1st/)
    Vanguard 2025-12-23