Search

Nigeria stocks rally despite capital gains tax fears as investors chase returns

Lagos, Nigeria. © Unsplash
Lagos, Nigeria. © Unsplash
  • 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.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Cocoa pod and beans outdoors. Photo by Ákos Helgert @ Pexels
How Nigeria's cocoa strategy could end decades of oil dependence
Read More »
A vibrant display of traditional dance in Botswana. Photo by Xitsundzuxo Himina @ Pexels
Why Botswana’s inflation surge signals wider risks for commodity economies
Read More »
Molten metal pouring from ladle in industrial foundry. Photo by Bence Szemerey @Pexels
Can Kipushi’s zinc boom in Congo redraw Africa’s commodity power balance?
Read More »

Recent Politics

Foodstuff being moved to the market in Accra, Ghana. Photo by Zeal Creative Studios @ Pexels
Can Ghana cut rates again? Inflation risks return
Read More »
Miners on the field. Photo by Malama Mushitu @ Pexels
Beyond the 37: The big money behind Nigeria’s illegal mining
Read More »
Gridlock at Ijora, Lagos, Nigeria. Photo by Dami Akinbode @ Unsplash
Nigeria’s inflation barely moves. Is disinflation finally real?
Read More »

Latest Posts

Latest news insights