Author: Gilbert Ayoola
Geregu Q1 Earnings Forecast Signals Momentum, Valuation Case Geregu Power Plc has released its financial projections for the first quarter of 2026 (January-March), providing a clear picture of what management expects to deliver as the company enters the new financial year. The outlook is anchored on stable operations, disciplined cost management, and a strengthening liquidity position, which is a key pillar that continues to define Geregu’s strategy within Nigeria’s power generation space. Management projects total revenue of N57.1 billion, driven predominantly by energy sales and capacity charges. This underscores sustained operational uptime and improved dispatch levels, reflecting sector reforms and…
Zenith Bank: Investors Hold Position Amidst Marginal Dip Zenith Bank Plc traded in a tight band in today’s session as investors continued to accumulate the stock despite intermittent share-price swings driven largely by profit-taking. The counter showed notable intraday resilience but eventually slipped into negative territory, shedding 0.05 kobo to close at N64.45, down from an opening price of N64.50. This mild decline pushed the stock modestly down the losers’ chart, though sentiment around the tier-1 lender remains broadly constructive. At its current price, Zenith still trades below both its 50-day moving average of N63.83 and a considerable distance from…
MeCure: Sustaining Momentum on Strong Fundamentals, Renewed FX Tailwinds MeCure Industries Plc continues to ride a smooth upward trajectory on the Nigerian Exchange, buoyed by easing foreign exchange constraints, recently liberalised import access for essential medical equipment, and a resilient operational performance. The company has maintained strong investor appeal, with market participants increasingly positioning on the back of strengthened confidence in the pharmaceutical manufacturer’s growth strategy and execution capacity. The stock sustained an upward close in its latest trading session, opening at N29.80 and gaining N2.60 to finish at N32.40 per share. This positions the equity comfortably above its 50-day…
Oando: Undervalued Giant Poised for Comeback, Investors Await Strategic Reset Oando Plc traded under a cloud of cautious sentiment on Tuesday, December 9, as investors continued to discount the stock relative to its intrinsic value and competitive positioning within the downstream and integrated energy space. Despite its robust asset base and expanding operational footprint, the market’s tepid enthusiasm reflects lingering uncertainty surrounding management’s strategic direction, particularly the anticipated capital-raising exercise tied to ongoing debt-restructuring efforts. During today’s session, Oando managed to remain on the gainers’ chart, advancing by 0.85% to close at N39.85 per share after opening at N39.00. Trading…
NGX Reclassifies Lafarge, Guinness into High-Priced Stock Class The Nigerian Exchange (NGX) has announced the reclassification of WAPCO Plc and Guinness Nigeria Plc from the Medium-Priced to the High-Priced Stock Group, following a review of their trading patterns and price performance over the most recent six-month period. Under the NGX Pricing Methodology framework, a security must trade within a defined price band for at least four out of six months to qualify for a category. Both counters met this requirement, triggering an upward reclassification and an adjustment in tick size from N0.05 to N0.10, in accordance with Rule 15.29 of…
Market Wrap: Balanced Gains as Equities and Fixed Income Advance on Renewed Investor Confidence The financial markets closed today on a broadly positive note, with gains recorded across major asset classes as renewed investor confidence continued to shape trading sentiment. Equities led the advance, with the market capitalisation rising 0.26% to N93.96 trillion, reflecting sustained buying interest and targeted positioning in fundamentally strong sectors. The uptick was supported by improved liquidity and a gradual return of risk appetite, particularly among institutional investors seeking long-term value. The fixed-income segment also extended its steady climb, inching up 0.03% to N51.27 trillion. Demand…
VFD Closes Strong as Investors Confidence Surges, Defies Rights Issue Pressure VFD Group delivered a resilient upside performance in Monday’s session, defying the typically dampening effect of an ongoing Rights Issue scheduled to close on December 26. The stock benefited from sustained investor confidence and broader market stability, leading to a positive re-pricing trend throughout the day. The equity opened at N10.20 and gained 65 kobo intraday to close at N10.85, securing a green finish despite ongoing capital-raising activity. This closing price sits well below its 52-week high of N19.00, yet comfortably above the 52-week low of N6.68, signaling that…
NGX Reclassifies Six Securities to Medium-Priced Category: What It Means for the Market The Nigerian Exchange (NGX) has announced the reclassification of six listed companies UPDC Plc, The Initiates Plc, Learn Africa Plc, C & I Leasing Plc, SCOA Nigeria Plc, and Ellah Lakes Plc from the Low-Priced Stock Group to the Medium-Priced Stock Group. The change is in line with the Exchange’s Pricing Methodology Framework and reflects the sustained upward movement and stability in the market prices of these securities over recent months. NGX classifies quoted equities into High-Priced, Medium-Priced, and Low-Priced Stock Groups, based strictly on market price…
Rekindled Appetite: UBA Closed High on Early Price Recovery United Bank for Africa (UBA) closed the last trading day of the week, Friday, December 5, 2025 on a distinctly positive trajectory, marking a welcome rebound after several weeks of muted sentiment and subdued price movements. The Pan-African lender, with operational footprints across the continent and select global financial hubs, attracted renewed investor interest as confidence gradually filtered back into the financial services counter following a spell of mixed market trends, cautious positioning, and intermittent profit-taking. This rekindled appetite for banking stocks saw UBA advance its gain by 85 kobo, translating…
CBN Cash Withdrawal Limit Review – Heading into Election Year The Central Bank of Nigeria’s newly revised cash-withdrawal thresholds, N500,000 weekly for individuals and N5 million for businesses, with excess-cash charges of 3% and 5% respectively, signal a decisive tightening stance as the country enters a politically sensitive pre-election year. While the policy directly constrains high-volume cash users, its implications for capital-market participants are largely favourable, and in many ways strategically aligned with long-term market deepening. From a money-market lens, the curbs form part of a broader liquidity-management strategy. By limiting physical-cash outflows, the CBN effectively channels economic activity toward…