Author: Gilbert Ayoola

Custodian Interim Dividend Signals Stability, But is it Enough to Justify a Buy? As Nigeria’s capital market continues to navigate macroeconomic turbulence and evolving investor sentiment, Custodian Investment Plc’s recently declared 25kobo interim dividend has drawn both applause and critical scrutiny. With the stock trading at N33.00/share ex-dividend, the market is clearly assigning a premium to the group’s diversified financial services portfolio. But in this high-stakes environment, the bigger question remains: does this dividend signal sustained value creation, or is it a cautious gesture masking deeper cost pressures? This article takes a closer look at the dividend move in light…

SEC Confirms Investigation Into Secret AGM by Tourist Company of Nigeria Plc What had previously circulated as a market rumour has now been officially confirmed: Tourist Company of Nigeria Plc allegedly conducted an unauthorised secret Annual General Meeting (AGM)—a move that has sparked regulatory scrutiny and raised questions about corporate governance within the company. According to verified information from the Securities and Exchange Commission (SEC), the matter is now under formal investigation following a petition filed by a group of aggrieved shareholders. The SEC is reportedly assessing the legality of the meeting and whether it violates provisions of the Companies…

Topping Up Aradel at N507/Share: Is There Still Room to Grow? In the rapidly evolving landscape of Nigeria’s energy sector, Aradel Holdings Plc has emerged as one of the most compelling stories on the Nigerian Exchange (NGX). Following its landmark migration from the NASD OTC market in late 2023, Aradel’s performance has been nothing short of remarkable—both operationally and financially. With investors now eyeing an entry or a top-up at the N507/share level, the critical question becomes: Is the stock still a buy, or is most of the value already priced in? Aradel Holdings is a fully integrated indigenous energy…

Learning from the Curves: The Hallmarks of Investor Regret No matter how seasoned or skilled you are in the world of stock investing, one truth remains constant: regret is a silent companion to every investor. Whether you’re a beginner placing your first trade or a veteran with decades in the market, those moments of “what if” and “if only” are inescapable. The stock market isn’t just about numbers and charts it’s a journey that exposes our habits, emotions, and decision-making under pressure. Every investor, at some point, has whispered or shouted these familiar regrets: 1. “I wish I bought more…

BUA Cement Stellar Earnings Reinforce Market Strength, Value In a resounding display of operational excellence and strategic financial stewardship, BUA Cement Plc has released its unaudited financial statements for the Q2 sequel to its H1 ended June 30, 2025 and the results are nothing short of outstanding. BUA Cement recorded significant growth across all key metrics indicators, reinforcing its leadership position and further validating the confidence of its investors. The cement company reported a remarkable surge in revenue, climbing to N289.5 billion in Q2 2025, a 42.7% increase from N202.8 billion in Q2 2024. The half-year figure was even more…

Dangote’s Strategic Exit: What Investors Should Know Aliko Dangote, Africa’s richest man and the industrial force behind the Dangote Group, has recently stepped down as Chairman of two of his biggest listed companies—Dangote Sugar Refinery Plc and Dangote Cement Plc. While this may come as a surprise to many investors, the move is less about retirement and more about strategy. In this article, we will be breaking down why Dangote is stepping back from these board roles, what it means for corporate governance, and how it fits into the broader vision for the Dangote Group including its billion-dollar refinery project…

Build Like Rome, Don’t Blow Up Like Hiroshima -Rethinking Nigerian Stock Market Momentum When we talk about the Nigerian stock market, we often reach for numbers: All Share Index, P/E ratios, dividend yields, etc. But beyond the charts and tickers, there’s a philosophy quietly shaping investor outcomes: build like Rome, don’t blow up like Hiroshima. The idea is simple but powerful. Rome represents patience, strategy, and strong foundations an investor’s ideal. Hiroshima, on the other hand, is the cautionary tale rapid build-up, unmeasured speculation, and sudden collapse. As the Nigerian Exchange (NGX) navigates 2025, this metaphor becomes increasingly relevant. Between…

Transcorp Hotels Interim Dividend Signals Confidence, But Is the Stock a BUY at N142.40? Transcorp Hotels Plc has recently declared an interim dividend of 10 kobo per share for the half-year ended June 30, 2025. This marks a strategic signal of operational resilience in a macro environment still grappling with inflationary pressures and FX volatility. However, investors and analysts alike are now asking a critical question: does the current share price of N142.40, which has remained flat for over 5-6 weeks, represent a fair valuation of the company? Let’s delve into the numbers and market context to assess whether Transcorp…

SEC Elaborates on ‘No Objection’ Approval for First Holdco Share Sale The Securities and Exchange Commission (SEC) Nigeria has issued a formal clarification to educate stakeholders and the investing public on the rationale behind its recent issuance of a “No Objection” notice concerning the sale of shares in First Holdco Plc, the parent company of First Bank of Nigeria Limited. The clarification, published in national media, underscores the Commission’s commitment to regulatory transparency, market integrity, and investor protection, particularly in the context of high-profile and large-volume equity transactions. Understanding the “No Objection” Framework In Nigeria’s capital market regulatory landscape, a…

Dangote Sugar Delivers Robust Top-Line Growth Amidst Cost Pressures in H1 2025 Dangote Sugar Refinery (DSR) has reported a remarkable top-line performance in its Consolidated and Separate Financial Statements for the half-year period ended June 30, 2025. Revenue soared to N430.2 billion for H1 2025, reflecting a substantial year-on-year growth of 45.5% from N295.6 billion in H1 2024. This impressive expansion is attributed to enhanced production volumes, improved distribution efficiency, and higher market penetration across key consumer segments. In Q2 alone, the company delivered revenue of N216.3 billion, up from N172.9 billion in the corresponding quarter of 2024 — underscoring…