Author: Gilbert Ayoola

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…

How NASD Drives Capital Market Innovation, Inclusion in Financial Ecosystem In an effort to create a strong financial ecosystem, the NASD Over-the-Counter (OTC) Securities Exchange has emerged as a resilient and visionary platform. Under the leadership of Chief Executive Officer Eguarekhide Longe, NASD has demonstrated unwavering commitment to deepening Nigeria’s capital market, innovating around underserved sectors, and repositioning itself as a catalyst for national economic development. Despite a tumultuous economic landscape in 2024—characterised by inflationary pressures, market uncertainties, and capital flight—the NASD Exchange posted an impressive performance. The NASD Securities Index (NSI) surged by a remarkable 223.75% year-on-year, climbing from…

How to Succeed in Stock Investing Without Being Right All the Time In the world of stock investing, there’s a widely held misconception: to be successful, you need to be right most of the time. After all, what kind of investor only wins on half of their trades? But here’s the truth that often separates seasoned professionals from novices — you can be right on just 50% of your stock selections and still enjoy outsized success. The secret lies not in how often you win, but in how much you win when you’re right, and how little you lose when…

Building Wealth…Balancing Act with Black Tax In many African and diasporic communities, the term Black tax has become both a badge of honour and a financial burden. It represents the informal financial support many young professionals offer to their families—paying hospital bills, covering school fees, buying clothing, or even contributing to home keeps and rentals. While the intentions are noble, the long-term effect can be a significant dent in personal wealth accumulation. So how do you strike a balance between responsibility and personal prosperity? The answer lies in understanding your financial limitations, clearly defining the percentage of your income allocated…

UBA, GTCO Top High Dividend Yield Stocks in Nigerian Bourse Investors seeking robust income streams have a selection of equities offering rock-solid growth potential and impressive dividend yields. These companies do not only provide attractive returns but also demonstrate strong financial performance metrics, making them appealing choices for income-focused portfolios. 1. United Bank for Africa (UBA) – 13.6% Yield UBA stands out with a substantial dividend yield, reflecting its commitment to shareholder returns. The bank declared a total dividend of N5.00 per share for the 2024 financial year, comprising N3.00 final and N2.00 interim dividends. Despite a 7.9% decline in…

Nigeria’s Palm Oil Powerhouses: Okomu, Presco Thrive Amid Global Market Shifts As global palm oil dynamics shift, Nigeria’s agro-industrial giants, Okomu Oil Palm Company Plc and Presco Plc, are emerging as key players in the sector. Despite macroeconomic challenges—soaring inflation, naira depreciation, and rising production costs—both companies have posted record revenues and profits in 2024, reinforcing their dominance in Nigeria’s palm oil industry. The recent decision by Indonesia, the world’s largest palm oil producer, to increase its crude palm oil (CPO) export levy from 7.5% to 10% (effective May 17, 2025) could reshape global supply chains. This move, aimed at…

Top Companies Stocks Trading at 52-Week High on NGX The Nigerian Exchange (NGX) has yet again witnessed another bullish session on May 15, 2025, as several stocks surged to fresh 52-week high, reflecting strong investor confidence and positive market sentiment. The rally cut across key sectors—consumer goods, industrials, financial services, and agriculture—highlighting broad-based buying interest. Some companies have continued to maintain regular appearances, while new ones emerged, adding to the list. Here’s a breakdown of the star performers that achieved new 52-week high, signaling robust demand and potential upside momentum: 1. BETA GLASS (BETAGLAS) – N213.70 (+9.98%) The glass manufacturing…

Know What Not to Buy – First Rule of Investing When people think of investing, they often envision discovering the next big thing — the stock that will skyrocket, the company destined to revolutionise an industry. Yet, seasoned investors will tell you, the real key to long-term success lies not in what you buy, but in what you avoid. In other words, the first rule of investing is simple, yet profound — know what not to buy. Modern stock market is an open bazaar, teeming with opportunity — but also with illusion. For every strong, well-managed company creating value for…

Chellarams – Cool Cash Drive with 254% Gain in 4 Months In the vibrant and often unpredictable landscape of the Nigerian Exchange, few stories capture investors’ imagination quite like that of Chellarams Plc. Known historically as a diversified conglomerate with interests spanning FMCG, industrial chemicals, and dairy products, Chellarams Plc has recently taken the spotlight not for its operational footprint alone, but for its meteoric performance in the equity market. Imagine investing N100,000 in Chellarams Plc on January 1, 2025. Fast forward to the end of April 2025—just four months later—and your portfolio has grown to an astonishing N354,320. That’s…

Africa on the Rise: Private Capital, Not Aid, Will Power Shared and Lasting Prosperity For too long, the world has viewed Africa through the lens of charity—a continent in perpetual need, dependent on foreign aid and benevolence. While well-intentioned, aid has not delivered the transformative change Africa needs. It is time to change the narrative. Africa does not need aid. Africa needs investment. Let me be clear: foreign aid won’t transform Africa. Private capital will. Let’s stop talking about charity and start focusing on investments that deliver returns and development. We stand at a critical juncture in Africa’s history. Our…