Author: Gilbert Ayoola
Berger Paint Rides on Strong Financial, Price Edges Towards New High Berger Paints is experiencing strong upward momentum, with its share price rising to N24.80, a 9.98% increase from the previous close of N22.55. This places the stock within striking distance of its 52-week high of N25.40, having rallied from a 52-week low of N13.00—a gain of over 90% in the period. The company’s FY 2024 and Q1 2025 financials reflect notable year-on-year growth in both revenue and profit, signaling robust operational performance and improving investor confidence. Recommendation: BUY With strong fundamentals, bullish price momentum, and a target range likely…
End of Power Struggle as Otedola Clinches Control of First Holdco In a dramatic turn of events, Nigerian billionaire Femi Otedola has secured full control of FirstHoldCo Plc, ending a prolonged power struggle with former majority stakeholders, Oba Otudeko and the Olukayode Odukale-led Leadway Assurance bloc. This acquisition positions Otedola as the new board chairman of the conglomerate, solidifying his influence in the Nigerian banking sector. For years, FirstHoldCo Plc has been at the center of a corporate tug-of-war. Oba Otudeko, the founder and former chairman, and Olukayode Odukale, representing Leadway Assurance, were the primary power brokers, each holding significant…
Top Stocks to Watch for Upside Potentials As Nigeria’s equity market prepares to reopen for the new trading week, investors are casting a sharp focus on high-performing stocks with strong upward trajectories and impressive financial fundamentals. The first half of 2025 has seen a dynamic reshaping of the equities landscape, with several stocks delivering outsized returns and catching the attention of institutional and retail investors alike. Here’s a curated list of radar-worthy stocks, driven by year-to-date momentum, robust earnings growth, and proximity to 52-week highs. 1. The Initiate Plc (TIP) Current Price: N6.49 YTD Return: +159.60% (from N2.50) 52-Week Range:…
Cornerstone’s Dividend Signals Renewed Optimism for Insurance Stocks After a prolonged period of silence, Cornerstone Insurance has finally rewarded its shareholders with a dividend of 27 kobo, representing a dividend yield of 7.56%. This marks a welcome turning point and could be seen as a renewable starting point for investor confidence in the insurance sector. For years, insurance stocks on the NGX have largely remained dormant, offering little to no return by way of dividends. However, the tide seems to be turning. The sector is slowly but steadily pulling weight and breaking free from the chains of long-standing investor neglect.…
Nigeria’s Capital Market Embraces T+2 Settlement Cycle In a move to deepen the efficiency and attractiveness of the Nigerian capital market, the Securities and Exchange Commission (SEC) has announced the official transition of the equity market’s settlement cycle from T+3 to T+2. Set to take effect from November 28, 2025, market analysts said this change marks a pivotal milestone in aligning Nigeria’s market infrastructure with global best practices. For years, stakeholders across the spectrum—investors, brokers, institutional traders, and regulators—have called for the modernisation of Nigeria’s equity settlement cycle. This much-anticipated innovation is designed to add value and drive competitiveness in…
Honeywell Flour Mills: Investors Place on Dividend Holiday amidst Earnings Recovery The full-year audited financial results of Honeywell Flour Mills Plc (HFMP) for the year ended March 31, 2025, have sparked considerable debate in the capital market, raising a blend of optimism and skepticism among shareholders and market analysts alike. The company’s ability to sustain its recent share price appreciation is under close scrutiny—especially as the Board of Directors has announced that no dividend will be declared, despite a marked recovery in profitability. The audited consolidated and separate financial statements tell a story of revenue expansion, operational strain, and a…
SAHCO: Analysts See Upside Potential on Strong Earnings Profile Skyway Aviation Handling Company’s share price declined by more than 11% as investors exited positions amidst strong earnings performance in 2024. Share price closed the week at N59, down by 11.1445% last week in a reversed reaction to the company’s rhythmic earnings performance. According to analysts, SAHCO appears to be undervalued when compared with its peer quoted price in the Nigerian Exchange. In the latest rush, investors raised bets on the stock, which hit its 52-week high of N66.4 – before it retreated in the latest trading round in the equities…
June: The Golden Window to Invest in the Nigerian Exchange for Maximum Returns As we enter the midpoint of 2025, June arrives not just with its seasonal rains but also with a golden opportunity—particularly for astute investors eyeing the Nigerian Exchange (NGX). With key indicators aligning, this month presents one of the most promising setups for profitable returns this year. Whether you’re a seasoned trader or a first-time investor, now is the time to take decisive action. Why June Matters in the Nigerian Market Cycle Historically, June serves as a strategic inflection point for the NGX. Several critical factors converge…
Top Nigerian Stocks to Watch: Insights from FY 2024 Results & Q1 2025 Performance As Nigeria navigates a post-pandemic economic resurgence amid monetary tightening and FX reforms, discerning investors are seeking companies with solid fundamentals, resilient earnings, and scalable business models. The FY 2024 financial statements and Q1 2025 results have revealed a compelling group of outperformers on the Nigerian Exchange (NGX), spanning sectors from healthcare to telecommunications, FMCG, agriculture, and hospitality. Here are carefully selected top-notch stocks to watch for 2025–2026, based on profitability, earnings per share (EPS), revenue momentum, and strategic positioning. 1. May & Baker Nigeria Plc…
UBA lists Rights Issue on Nigerian Exchange The Nigerian capital market has been officially notified of a significant development in the equities segment, as the United Bank for Africa Plc (UBA) successfully listed its Rights Issue on the Daily Official List of the Nigerian Exchange (NGX). The listing, which took effect on Friday, 23 May 2025, marks a strategic expansion of the bank’s share capital and further strengthens investor confidence in one of Nigeria’s foremost financial institutions. Details of the Rights Issue UBA’s Rights Issue involved the offering of 6,839,884,274 ordinary shares at N35.00 per share. This offering was made…