Author: Gilbert Ayoola
Gilbert Ayoola
Gilbert Ayoola is the Chairman of Ibadan Zone Shareholders’ Association. He is an investment expert with years of experience that cut across the Nigerian capital market.He has deep knowledge of the Nigerian economy, tracking the performance of listed companies, banking and finance, and government policy.With 20+ years of experience working with numbers across African financial markets, Gilbert delivers reports on corporate earnings and airs opinions on banks' activities and other money market players.He conducted extensive financial analyses of Nigerian Exchange’s Top 30-listed companies with depth and dexterity that match global best practices.Gilbert Ayoola is based in Ibadan, Oyo State, Nigeria
Stanbic IBTC Surpasses N1trn Milestone, Profit Surges Stanbic IBTC Holdings Plc delivered a defining performance in its audited consolidated and separate financial statements for the year ended December 31, 2025, reinforcing its position as one of Nigeria’s most resilient and strategically agile financial institutions. The Group’s gross earnings expanded sharply to N1.14 trillion, up from N823.31 billion in 2024, marking its first crossing of the trillion-naira threshold. This milestone underscores both scale efficiency and revenue diversification in a macroeconomic environment characterised by elevated interest rates and currency volatility. At the core of this expansion was robust interest income growth, which…
Oando Repositions as Energy Player, Secures Long-Term Gas Revenue Stream Oando Plc has strengthened its strategic foothold across the energy value chain following a new gas supply agreement tied to domestic power generation. Under a joint venture with NNPC E&P, the company has emerged as the sole gas supplier to a 60MW power plant in Yenagoa, Bayelsa State, delivering 11.2 million standard cubic feet per day under a long-term contract. The arrangement provides Oando with predictable, recurring revenue, reinforcing the growing importance of gas infrastructure as a stabilising earnings base amid oil price volatility. While crude oil remains the headline…
Guinness Earnings Rebound, N2 Dividend Signals Renewed Confidence Guinness Nigeria Plc has delivered a measured but encouraging start to FY2026, underpinned by resilient operating performance, easing financing pressures, and a clear commitment to shareholder returns. The company’s latest quarterly numbers point to a business in recovery mode, navigating a still-challenging operating environment while regaining earnings momentum. Revenue grew modestly by 4% year-on-year to N122.77 billion, up from N118.34 billion in the corresponding period. This top-line expansion reflects steady demand, though growth remains constrained by macroeconomic headwinds and pressures on consumer purchasing power. Profitability, however, came under some strain at the…
NGX Sees Capital Rotation from Small Cap, Insurance Counters A notable sectoral rotation is underway on the Nigerian Exchange (NGX), one that remains largely underappreciated by retail participants. Capital is systematically exiting small-cap and insurance counters and redeploying into large-cap, defensive equities, particularly in the consumer goods and banking sectors. This shift is significant within the broader context of ongoing recapitalisation dynamics, where balance sheet strength, earnings resilience, and liquidity depth are increasingly prioritised. Tier-1 banking names and established consumer franchises are emerging as primary beneficiaries of this capital reallocation, reflecting institutional preference for stability and scalable returns. Importantly, such…
Beta Glass Earnings, Margin Surge on Industrial Transformation Beta Glass Plc’s FY 2025 audited results reflect a decisive shift toward operational efficiency and earnings strength, underpinned by robust revenue growth, improved margins, and disciplined cost management. Revenue expanded by 26.8% year-on-year to N149.12 million from N117.58 million, driven by sustained demand and capacity optimization initiatives. However, cost of sales rose to N96.46 million from N86.82 million, indicating inflationary and input cost pressures. Despite this, gross profit advanced significantly to N52.66 million from N30.76 million, highlighting improved pricing power and production efficiency. Other income increased to N3.11 million from N1.16 million,…
Zichis Agro-Allied Industries Plc: A Sharp Repricing or Structural Unwind? Zichis Agro-allied Industries Plc has entered a decisive correction phase, shedding significant market value in a compressed timeframe following its recent 52-week high of N16.49. The stock’s close at N12.97 on Wednesday, April 1, 2026, marks a steep two-day drawdown that signals more than routine profit-taking. It suggests an inflexion point driven by informed capital exit. At the core of this decline is a pattern that markets rarely ignore: synchronised selling by board members and internal stakeholders. Insider disposition, particularly when clustered near peak valuations, tends to function as a…
UAC of Nigeria (UACN) Plc has delivered a characteristically nuanced capital allocation message, balancing prudence with confidence through its FY 2025 dividend declaration.
Nigerian Aviation Handling Company Plc continues to command a premium in the Nigerian equities market, and on the surface, rightly so.
NGX RegCo Sanctions 5 Brokerage Firms for Market Infractions Nigeria’s capital market regulator, NGX Regulation Limited (NGX RegCo), has imposed significant financial penalties and corrective measures on five dealing member firms following findings of market misconduct. The action underscores a firmer regulatory posture aimed at safeguarding market integrity and restoring investor confidence. The sanctioned firms include CSL Stockbrokers Limited, Cowry Securities Limited, Meristem Stockbrokers Limited, SMADAC Securities Limited, and Associated Asset Managers Limited. The brokerage firms were found to have engaged in practices including alleged market manipulation, wash trades, self-matching transactions, artificial price formation, and dissemination of misleading market activity…
Stock Market: Profit-Taking, Liquidity Rotation, Oil Risk Define Nigeria’s Week Ahead As the Nigerian financial markets transition from the final trading stretch of March into the opening sessions of April, the interplay between equity consolidation, fixed income dominance, and elevated global oil risk will shape directional bias across asset classes. The Nigerian Exchange (NGX) enters the week on a softer technical footing following a modest 0.12% week-on-week decline. Its first pullback after three consecutive weeks of gains. This movement is best interpreted as disciplined profit-taking rather than a deterioration in market sentiment. Valuations in select large and mid-cap counters had…