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
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…
Fortis Global Insurance Plc has returned to the front burner of the Nigerian capital market following the resolution of its suspension and the release of its long-awaited audited financial statements.
TotalEnergies EP Nigeria to Divest 10% Stake in Renaissance JV Assets TotalEnergies EP Nigeria, a subsidiary of France’s TotalEnergies SE, has entered into a Sale and Purchase Agreement with Vaaris for the divestment of its 10 percent non-operated interest in the Renaissance Joint Venture (JV) licences in Nigeria, marking another step in the company’s ongoing portfolio rationalisation in the country. The Renaissance JV formerly the Shell Petroleum Development Company of Nigeria (SPDC) JV is an unincorporated joint venture comprising Nigerian National Petroleum Company Limited (NNPC Ltd) with a 55 percent stake, Renaissance Africa Energy Company Limited as operator with 30…
Nigeria’s Power Subsidy Reset: Abuja Steps Back, States Step In Nigeria’s electricity subsidy regime is entering a decisive new phase. The Federal Government (FGN) has signaled that the cost of keeping power affordable will no longer sit with Abuja alone. Instead, states are now expected to share the burden financially and administratively of electricity support. The message is clear with power subsidies that are no longer a federal problem; they are a shared fiscal responsibility. On the surface, this shift is fiscally sensible. Subsidies have long been a major drain on federal finances, often warehoused as opaque debts that distort…
Chams: Court-Endorsed Arbitral Award Strengthens Going-Concern Outlook Chams Holding Company Plc has notified the investing public, via the Nigerian Exchange Limited website platform, of a significant legal development involving its subsidiary, Chams Consortium Limited. On December 11, 2025, at the Federal High Court sited in Abuja, in a ruling delivering a judgment affirming a Final Arbitral Award in favour of Chams Consortium Limited in its dispute with the National Identity Management Commission (NIMC). In its ruling, the Court upheld the validity and enforceability of the arbitral award, confirming that the arbitral tribunal was properly constituted, acted within its jurisdiction, and…
Oando Delivers 67% EPS Surge in FY2025 Oando Plc’s unaudited interim consolidated and separate financial statements for the year ended 31 December 2025 reveal a sharply contrasting performance profile in line with significant top-line contraction offset by balance-sheet strengthening, non-core income volatility, and resilient bottom-line delivery. The company group revenue declined materially to N3.21 trillion from N4.09 trillion in the prior year, reflecting softer trading volumes and pricing pressures across core operations. The cost of sales tracked a similar downward trajectory, easing to N3.19 trillion from N3.93 trillion, but the compression in margin was pronounced. Consequently, gross profit fell steeply…
Eunisell Q4 Earnings Scorecard Signals Stability, Muted Growth Eunisell Interlinked’s Q4 2025 unaudited financials mark a relative high point compared with its recent quarterly disclosures, though the numbers reflect resilience rather than outright growth acceleration. The company continues to navigate a challenging operating environment characterised by muted revenue expansion and rising operating costs, albeit cushioned by a relatively low cost-of-sales structure. Topline performance remains the weak spot as revenue growth was modest, failing to keep pace with increasing operating expenses. This dynamic underscores lingering pressure on operating leverage and limits the company’s ability to translate sales into expanding margins. That…