Author: Gilbert Ayoola
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
SEC DG, Agama, Urges Civil Servants to Harness Capital Market for Wealth Creation In a strategic push to broaden domestic investor participation, the Director General of the Securities and Exchange Commission Nigeria (SEC), Mr. Emomotimi Agama has called on Nigerian civil servants to take advantage of capital market opportunities as a pathway to long-term wealth creation and financial security. The appeal was made during a courtesy visit to the Office of the Head of the Civil Service of the Federation, underscoring the Commission’s commitment to deepening financial inclusion and strengthening retail investor participation across the public sector workforce. Speaking during…
Ellah Lakes Faces Capital Setback Amid Market Challenges Ellah Lakes’ recent attempt to raise N235 billion through a public offering has ended in disappointment, underscoring the complex challenges confronting the company. The offer, priced at N12.50 per share, failed to attract sufficient investor interest, highlighting a clear “valuation friction” between market expectations and the company’s current financial performance. Adding to the pressure, the ongoing Banking Recapitalisation exercise has tightened liquidity across the market, further constraining the appetite for new share subscriptions. The combination of these factors meant the offer could not meet the 80% – 90% minimum subscription threshold required…
In a year already defined by volatility across exchange-traded products, the Stanbic IBTC ETF 30 has delivered one of the most astonishing price swings in Nigeria’s capital market.
Nestlé Nigeria: Momentum Repriced by Fundamentals, Not Speculation Nestlé Nigeria Plc staged a decisive market advance on Friday, February 13, 2026, as sustained buy-side pressure propelled the counter to a new all-time and 52-week high N2,662.00 per share. Opening at N2,420.00 and closing at N2,662.00, the stock recorded a notable N242 gain, extending its bullish trajectory and firmly positioning itself above its 50-day moving average of N2,028.58 a strong technical confirmation of upward momentum. This resurgence is not speculative exuberance; it is fundamentally anchored. After enduring a prolonged period of earnings compression driven by currency volatility, input cost pressures, and…
Liquidity Over Luxury: The Financial Truth Few Want to Admit In every market cycle, one pattern repeats with unnerving consistency: people chase wealth by accumulating what looks valuable rather than what pays them. The obsession with visible prosperity like houses, cars, and land has become a substitute for financial intelligence. Ownership is mistaken for income. Illiquidity is mistaken for security. Property deeds framed on the wall do not generate grocery money. A luxury car in the driveway does not pay school fees. Undeveloped land does not settle medical emergencies. These are stores of value at best, liabilities at worst, but…
NASD: Deepening Nigeria’s Short-Term Capital Market Over the past year, the NASD OTC Securities Exchange has steadily evolved into a dominant platform for the issuance and quotation of Commercial Paper (CP), effectively becoming a warehouse for short-term corporate funding. What was once a relatively underutilised segment of Nigeria’s capital market is now experiencing renewed momentum, as corporates increasingly turn to CP programmes to meet working capital needs and optimise funding structures. This surge in activity reflects a broader shift in corporate treasury strategy. In a high-interest-rate environment and amid tighter bank liquidity conditions, companies are seeking flexible, cost-efficient funding alternatives…
CAP Plc Rallies to Record High on Renewed Investor Confidence Chemical & Allied Products (CAP) Plc delivered an impressive performance on the Nigerian Exchange (NGX) on Thursday, February 12, 2026, as renewed investor interest and a broadly positive market sentiment propelled the stock to a historic high. The stock opened trading at N99.20 and gained N9.80, representing a 9.88% upward trajectory and momentum, to close at N109.00. This strong upward movement not only placed CAP at the top of the gainers’ chart for the day but also marked a new all-time high and 52-week high. Notably, the closing price stands…
Seplat Energy at N8,170 Signals Defining Moment for Nigeria’s Energy Equities Seplat Energy Plc has entered a new valuation frontier on the Nigerian Exchange (NGX), advancing to an unprecedented N8,170 per share a level no upstream oil and gas production company has previously attained on the bourse. This milestone is neither accidental nor speculative. It reflects a disciplined execution cycle, strategic capital allocation, and a sustained institutional re-rating process anchored in fundamentals. On January 14, 2026, we projected a 12-month target range of N7,800 to N8,200, premised on strengthening technical momentum, improving earnings visibility, and expanding institutional participation. With the…
400% Gain: Analysts View on Zichis Agro Allied Industries Momentum Since listing on the Nigerian Exchange (NGX) at N1.81 just over two weeks ago, Zichis Agro-Allied Industries Plc has delivered an exceptional upward trajectory, now trading at N9.82 and nearly topping the gainers’ chart with a 9.97% daily movements. The appreciation represents a sharp revaluation of over 400% within a short window. An uncommon but not unprecedented post-listing phenomenon in the domestic equities market. The persistent scarcity of the company’s shares available for purchase reflects a classic post-listing supply squeeze. With limited free float in circulation and strong speculative demand,…
Jaiz Bank Momentum Builds as Recapitalisation, Earnings Catalysts Reprice Stock Jaiz Bank Plc has emerged as one of the standout performers on the Nigerian Exchange, riding a wave of renewed investor confidence anchored on capital strengthening, robust earnings momentum and favourable sector dynamics within the non-interest banking space. The market has continued to reprice the stock in anticipation of the bank meeting the Central Bank of Nigeria’s (CBN) recapitalisation requirements. This strategic positioning, reinforced by its Q4 2025 unaudited financial results, has provided strong fundamental backing for the rally. As Nigeria’s pioneer non-interest bank, Jaiz remains uniquely placed to benefit…