Author: Gilbert Ayoola

Dangote Refinery’s Petrol Price Adjustment: Market Realities Behind the Hike The recent adjustment in petrol prices by Dangote Refinery has triggered nationwide debate, yet from a financial market perspective the decision reflects mounting structural pressures within global energy markets rather than an isolated domestic pricing move. The refinery’s management has clarified that the adjustment aligns with prevailing international cost structures, crude procurement dynamics, and geopolitical tensions shaping the global oil market. According to the Managing Director of the refinery, David Bird, the facility operates within the realities of the international energy pricing framework. Although located in Nigeria, the refinery acquires…

Conoil Rallies as Investors Reprice Downstream Plays Shares of Conoil Plc staged a notable advance in the equities market, closing the trading session as the top gainer amid renewed investor interest in downstream petroleum marketing stock. The rally comes amid escalating petrol pump prices across Nigeria, a development that has increasingly shifted investor attention toward companies positioned to benefit from widening margins in the downstream segment. The stock appreciated by N16.90, representing the maximum daily gain of 10%, to close at N185.90 after opening the session at N169.00. The strong price movement placed Conoil at the top of the gainers’…

United Capital Infrastructure Fund Posts 24.62% Return The United Capital Plc Infrastructure Fund delivered a 24.62% gross return in FY2025, reinforcing its position as one of Nigeria’s stronger-performing alternative investment vehicles and underscoring growing investor appetite for infrastructure-linked assets. According to the fund manager, the performance was supported by stable cash flows from underlying infrastructure investments, disciplined portfolio management, and sustained demand for long-duration assets that hedge against inflation and macroeconomic volatility. On the back of this performance, the fund is poised to distribute approximately N6.2 billion to investors, reflecting both realised income and the fund’s commitment to maintaining consistent…

Exchange Traded Funds (ETFs) emerged as a dominant force in the equities market on Friday, March 6, climbing to the top of the performance chart and reinforcing investor confidence in diversified investment vehicles.

Premier Paints Trades Strong on Renewed Investor Confidence After a prolonged period of subdued performance and relative market silence, Premier Paints has re-emerged on the Nigerian equities scene with renewed vigour, topping the gainers’ chart and attracting notable investor attention. The resurgence in trading activity marks a turning point for the paint manufacturer, which has recently shown encouraging signs of operational recovery and financial stabilisation. The renewed interest in the stock is largely underpinned by the company’s unaudited full-year 2025 financial results, which indicate a significant turnaround from the weak earnings trajectory seen in prior periods. Investors appear to be…

Oando Breaks Out on Rights Issue Optimism, Oil Tailwinds Oando Plc delivered an emphatic statement to the market as its share price staged a decisive breakout, closing at N50.25 after opening at N45.70, representing a robust gain of N4.55 within a single trading session. The move was not merely technical; it reflected a convergence of corporate action momentum, improving investor sentiment, and supportive macroeconomic currents shaping the energy landscape. The surge comes against the backdrop of the company’s proposed Rights Issue to existing shareholders at N50.00 per share on the basis of one new ordinary share for every two shares…

The latest X-Compliance Report released by the Nigerian Exchange Group (NGX Group) points to a deeper structural liquidity challenge in Nigeria’s equity market rather than a temporary, cyclical weakness.

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.