Author: Gilbert Ayoola

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…

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…