Author: Gilbert Ayoola
Managing Personal Finance: Taking Control of How Your Money Flows Personal finance is more than just about numbers—it’s about power, freedom, and ultimately, peace of mind. But in a world where bills, creditors, landlords, and debts seem to have a constant presence in our lives, it can sometimes feel like your money is working harder for everyone else than it is for you. The truth is, far too many people find themselves in a cycle where obligations control their financial landscape. If you’re not careful, it’s easy to lose sight of the bigger picture and allow external pressures to take…
Airtel, MTN Network Sharing Deal to Impact Earnings, Telecom Ecosystem The telecommunications industry across Africa is witnessing a remarkable shift as MTN Group and Airtel Africa, two of the continent’s largest telecom operators, have embarked on an ambitious plan to share network infrastructure in Uganda and Nigeria. The rationale behind this strategic partnership is to extend digital and financial inclusion across the continent, especially in underserved rural and remote regions. As they work within regulatory frameworks to boost efficiencies and expand services, the collaboration carries profound implications, not just for network quality and customer satisfaction, but also for the financial…
Market Wrap: A Strong Finish to the Week The Nigerian Exchange (NGX) witnessed an upbeat performance on Friday, March 28, 2025, as the market traded in an upward trajectory, buoyed by investor optimism and strong profit-taking. Despite some fluctuations, the overall sentiment remained positive, and the market managed to close the week on a high note, ending in the green. The All-Share Index rose by 0.23 basis points, closing at 105,670.36 points, indicating a steady increase in stock prices. One of the major catalysts for the positive market movement on Friday was the announcement of dividend payouts by several blue-chip…
Oando, REA Deal: A Game-Changer for Clean Energy In a remarkable step towards enhancing its service delivery and operational earnings, Oando Plc has recently entered into a Memorandum of Understanding (MoU) with the Rural Electrification Agency (REA) to spearhead a monumental 1.2-gigawatt (GW) solar project. This ambitious initiative aims to provide sustainable electricity to millions of Nigerians while unlocking significant value for the company’s revenue growth, thus contributing to an enhanced bottom line. The project, which is poised to transform Nigeria’s energy landscape, underscores Oando’s commitment to clean energy and its forward-thinking approach to business growth. The MoU was signed…
InfraCredit Listing Makes Mark on NASD, Pushes Market Cap to N1.95trn In a transformative move that promises to reshape Nigeria’s capital market, the NASD OTC Exchange Plc has just welcomed a remarkable addition: the listing of 15,255,079,725 shares of Infrastructure Credit Guarantee Company (InfraCredit) at an impressive N2.43 per share. This landmark transaction, valued at a staggering N37 billion, has catapulted NASD’s total market capitalisation to a new high of N1.95 trillion. With this significant listing, NASD has once again solidified its position as a formidable player in the financial arena. But this isn’t just about numbers—it’s about creating a…
Thomas Wyatt Hits by Tsunami of Operational, Financial Hiccups In a year that was fraught with challenges and uncertainties, Thomas Wyatt Nigeria Plc has reported a set of financial results that leave much to be desired, especially when compared to previous years’ performances. For the year ending March 31, 2024, the company’s results are a stark reminder that despite occasional positives, the overall financial health of the business is facing serious strain. The company’s revenue for the period under review has been adversely impacted, recording a negative decline of -8%. This reduction reflects the broader challenges faced by the company…
CWG Plc. Growth Trajectory Excites Shareholders The Computer Warehouse Group (CWG) has once again demonstrated remarkable growth in its financial performance for the year ended December 31, 2024. In its Q4 consolidated financial statements, the company revealed a significant upturn across several key financial metrics, marking the company’s positive trajectory in a highly competitive business landscape. CWG’s revenue for the year more than doubled from N24.53 billion in 2023 to N46.35 billion in 2024, reflecting an impressive growth of over 89%. This stellar increase in revenue highlights CWG’s resilience in capitalising on market opportunities and efficiently expanding its business operations.…
Transcorp Hotels: Gradual Rise to N150/s on Building Momentum Transcorp Hotels recently been experiencing a gradual and sustained rally in its stock price, with the momentum suggesting it may soon hit the N150.00 per share mark. This movement has been fueled by a combination of positive market sentiment, investors’ increasing confidence in the stock’s future prospects, and a broader bullish outlook for the hospitality sector. The stock has been showing a notable upward trajectory, defying the typical volatility seen in many stocks on the exchange. In the past few months, Transcorp Hotels’ share price has steadily edged closer to the…
The Explainer: Tantalizer Plc’s Strategic Diversification Journey Tantalizer Plc, one of Nigeria’s foremost names in the Quick Service Restaurant (QSR) sector, is making bold strides toward transforming itself into a diversified, multi-sectoral conglomerate. The company, renowned for its pioneering roots in the fast-food space, is now charting a new course as it seeks to broaden its horizons beyond its traditional business model. With this ambitious shift, Tantalizers aims to establish a footprint in the blue economy, technology, and entertainment sectors, positioning itself for a more resilient and sustainable future. Founded as a trailblazer in Nigeria’s QSR industry, Tantalizers has become…
PZ Cussons Shareholders Response at EGM: Closer Look at Proposed Debt-Equity Conversion In a recent extraordinary turn of events, the shareholders of PZ Cussons Nigeria Plc has reacted sharply to the company’s proposed debt-equity conversion plans during an Extraordinary General Meeting (EGM) held Thursday, March 13 2025. The meeting was centered on the approval of two special resolutions, which were linked to the company’s Mandatory Takeover Offer (MTO) priced at N23.60 per share. However, after heated negotiations, the offer price was renegotiated to N37.10, a change that undoubtedly influenced the shareholder voting outcome. The decision made by shareholders, particularly the…