- Shares surge over 10% in January despite new 10% capital gains tax
- Energy, insurance and banks lead renewed investor appetite
LAGOS, NIGERIA – Nigerian stocks surged at the start of 2026, defying fears that a new capital gains tax would dampen investor appetite and slow activity in the financial markets.
A wave of investments into Nigerian securities since the beginning of the year has pushed equities sharply higher, even after new tax rules introduced on January 1 imposed a 10% levy on capital gains from securities and other financial instruments.
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