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Author: Gilbert Ayoola
Gilbert Ayoola is the Chairman of Ibadan Zone Shareholders’ Association. He is an investment expert with years of experience that cut across the Nigerian capital market.He has deep knowledge of the Nigerian economy, tracking the performance of listed companies, banking and finance, and government policy.With 20+ years of experience working with numbers across African financial markets, Gilbert delivers reports on corporate earnings and airs opinions on banks' activities and other money market players.He conducted extensive financial analyses of Nigerian Exchange’s Top 30-listed companies with depth and dexterity that match global best practices.Gilbert Ayoola is based in Ibadan, Oyo State, Nigeria
Aradel Holdings Q1 Earnings Soared Amidst Rising Costs Aradel Holdings Plc delivered an impressive yet complex performance in its unaudited Q1 2025 financial report, reflecting both robust revenue growth and increasing cost pressures. For investors and analysts alike, the company’s numbers paint a picture of a firm aggressively scaling operations, optimising financial assets, and grappling with the inevitable costs of expansion. The headline figure that caught market attention was the near-doubling of revenue to N199.87 billion, up from N101.16 billion in Q1 2024—a remarkable 97% year-on-year increase. This surge was primarily fuelled by higher sales volumes, reflecting Aradel’s strengthened position…
Legend Internet Listing—Why Stock Buy Makes Sense The recent listing of Legend Internet Plc on the Nigerian Exchange (NGX) marks a significant milestone for the broadband and digital services provider. Trading under the ticker “LEGENDINT”, the company debuted on April 24, 2025, closing its first day of trading at N6.20 per share. The listing by introduction event, coupled with the strategic expansion in its capital base—issuing 2.0 billion shares from an initial 10.0 million—represents a monumental leap of over 19,900%, propelling Legend into the public market limelight with a market capitalisation of N13.6 billion. Yet, beyond the buzz of the…
CBEX Crash: Cautionary Tale of Investment Deception In a devastating turn of events, the CBEX investment platform has crumbled, leaving investors across Nigeria grappling with the loss of over N8 trillion. This catastrophic failure underscores the perilous allure of schemes promising exorbitant returns and the critical need for vigilance in the financial landscape. CBEX enticed investors with promises of 100% monthly returns, a figure that should have raised immediate red flags. Such guarantees are hallmarks of Ponzi schemes, where returns to earlier investors are paid using the capital of newer participants. The system is unsustainable; once the influx of new…
Afriland Properties Earnings Beat Boosts Investors’ Confidence In a year marked by significant macroeconomic turbulence, Afriland Properties Plc demonstrated resilience and strategic dexterity, cementing its position as a formidable player in Nigeria’s real estate and property investment space. The company’s audited financial statement for the year ended December 31, 2024, reflects a careful balance of prudence, innovation, and strategic investment—key pillars that propelled Afriland through a challenging economic landscape. Afriland Properties posted a revenue of N3.75 billion, reflecting a 20.6% decline from N4.72 billion recorded in 2023. While the drop in revenue raised initial concerns, a closer look at the…
Geregu Power Records Tepid Performance in Q1: Is It Time to Buy or Sell? Geregu Power released its Q1 2025 financial performance results, revealing a moderate downturn in key performance metrics. The latest report, covering the half-year period, reflects both operational and structural pressures that may prompt investors to re-evaluate their positioning in the company amidst a volatile power sector landscape. Geregu’s revenue experienced a significant year-on-year dip, declining from N50.43 billion in 2024 to N31.76 billion in the first half of 2025—a sharp contraction of nearly 37%. This steep fall suggests either a drop in generation capacity, reduced dispatch…
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…
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