Author: Gilbert Ayoola

Fizzling Fortunes: How Coca-Cola’s $393 Million Loss Tells the Story of Nigeria’s Evolving Beverage Market The Coca-Cola Company has reported a $393 million impairment loss linked to the sale of Chi Limited, its once-promising Nigerian beverage subsidiary. The disclosure, contained in Coca-Cola’s Q3 2025 financial statement, reflects not only a financial adjustment but also signals a broader recalibration of corporate strategy in one of Africa’s most dynamic consumer market. Coca-Cola first acquired a significant stake in Chi Limited in 2016, completing full ownership by 2019. At the time, the acquisition was heralded as a gateway to expanding its footprint in…

Access Holdings Slips as Market Awaits Earnings The stock market value of Access Holdings Plc declined by more than 2% on Wednesday as investors look forward to receiving the financial services company’s earnings. Its share price declined to N24.25 on Wednesday due to sell pressures at the time the Nigerian Exchange recorded about a N1.45 trillion gain. Its market value declined by 2.2% as 59.418 million units valued at N1.47 billion were traded in the local bourse; most of the transaction volume was led by sell-side actors. At the close of the trading session, the market value of Access Holdings…

NGX Sustains Bullish Momentum Amid Strong Investor Confidence The Nigerian equities market extended its bullish stride on Tuesday, October 21, 2025, maintaining strong momentum on the back of sustained investor confidence and broad-based participation across both small and large-cap segments. The All-Share Index (ASI) appreciated by 1.01% to close at 151,456.91 points, underscoring the market’s resilience and positive sentiment that has characterised trading in recent weeks. Tuesday’s session was marked by a strong market breadth, with gainers clearly outpacing losers, a reflection of improved investor appetite buoyed by macroeconomic optimism, easing inflation, and continued signals of economic recovery. Foreign and…

Eunisell Begins the Week on a Strong Note, Investor Optimism Fuels Gains Eunisell Interlinked Plc kicked off the new trading week with remarkable bullish momentum, extending the strong upward trajectory it began in the previous session. Following last Friday’s impressive intraday rally and a positive close, the stock surged again on Monday, October 20, gaining a substantial N4.80 to close at N53.20, up from the day’s opening price of N48.40. This movement not only set a new all-time high but also reaffirmed the stock’s 52-week high, eclipsing the earlier volatility that had seen it trade at a 52-week low of…

Strong Fundamentals – Okomu Oil Palm Posts Explosive Q3 Earnings Okomu Oil Palm Plc, one of Nigeria’s leading agribusiness companies, delivered a stellar unaudited Q3 2025 financial performance, firmly solidifying its position as a top-tier player in the palm oil sector. In a season marked by macroeconomic uncertainty and global commodity price volatility, the company posted a profit after tax (PAT) of N60.33 billion, a dramatic leap from N12.70 billion in Q3 2024 a 57% year-on-year increase. This financial resurgence, which extends the momentum seen in its H1 2025 results, not only reaffirms the company’s resilience but also sets the…

Africapitalism, Digital Transformation: Catalyst for Shared Prosperity , Youth Empowerment in Africa’s Economic Renaissance At the convergence of capitalism, technology, and socio-economic awakening lies a transformative ideology reshaping the contours of African development – Africapitalism. This distinctly African economic philosophy, championed by thought leaders like Tony Elumelu, posits that the private sector particularly African businesses holds the key not only to economic profit but to social progress, inclusive growth, and long-term wealth creation for the continent. In the 21st century, digital transformation has become the lifeblood of global commerce and innovation. In Africa, however, it is more than just an…

Nigerian Markets Booming , Equities, Fixed Income Assets Attract Investors Interest The Nigerian Exchange continued its bullish momentum on Thursday, October 16, 2025, as positive investor sentiment drove gains across equities and fixed income markets. The NGX All-Share Index closed higher at 148,355.04 points, up 0.41%, extending its climb past the 145,000 mark earlier this month. This upward trend reflects sustained buying interest, particularly from institutional investors positioning ahead of Q3 earnings season. Market capitalisation for listed equities rose to N94.17 trillion, supported by strong demand in key sectors including banking, oil & gas, telecommunications, and industrials. The fixed income…

Nigeria’s Disinflation Signals Renew Investors Confidence, Consumer Relief In a significant development that has caught the attention of investors and market participants alike, Nigeria’s headline inflation rate for September 2025 eased to 18.02%, down sharply from 20.12% recorded in August 2025. This notable decline of over two percentage points marks a critical turning point in Nigeria’s inflationary trajectory, suggesting an easing of price pressures that have beleaguered the economy for much of the year. The month-on-month (MoM) headline inflation rate further underscores this trend with a modest 0.72% increase, complemented by a particularly encouraging food inflation rate contraction of -1.57%…

Nigeria’s Gas Boom: Unlocking Billion-Dollar Investments , Charting New GDP Growth Trajectory The Nigerian economy stands on the cusp of an industrial renaissance, propelled by a robust surge in upstream gas investments. With Shell’s recent $2 billion Final Investment Decision (FID) on the HI offshore gas field (OML 144), the total value of upstream oil and gas FIDs in Nigeria has now surpassed $8 billion in just 18 months under President Bola Ahmed Tinubu’s administration. Beyond the headline figures, this development signals a fundamental shift in Nigeria’s economic structure particularly its gas sector’s transformative role in revenue generation, export growth,…

Nigeria Infrastructure Debt Fund: A Steady Performer in Yield-Hungry Time In an era where yield has become a scarce commodity and investors are increasingly navigating volatile asset classes, the Nigeria Infrastructure Debt Fund (NIDF) remains a beacon of stability and income. As Africa’s first listed infrastructure debt fund, NIDF continues to deliver on its core mandate of providing consistent, inflation-hedged, and relatively low-risk income, while simultaneously supporting Nigeria’s critical infrastructure development. The recently released Q3 2025 financial results further reinforce the fund’s credentials as a steady performer and a dependable yield vehicle in uncertain times. The headline numbers from NIDF’s…