Author: Gilbert Ayoola
Transcorp Hotels Navigates Sharp Price Correction, Slumps by 10% Thursday, December 4, marked another constructive finish for the Nigerian equities market, which sustained its mixed trading pattern but ultimately closed in positive territory. Yet, within this green backdrop, Transcorp Hotels Plc stood out on the decliners’ chart, experiencing a sharp pullback as investors engaged in broad-based profit-taking after weeks of sustained bullish sentiment. The hospitality giant’s share price dipped significantly by -9.95%, closing at N157.50, down from its session open and 52-week high of N174.90. This decline signals a typical post-rally correction, particularly when juxtaposed with the stock’s 50-day moving…
Money Market Investors Get Treasury Rate Surprise The latest Treasury Bills Primary Market Auction delivered a mixed but strategically significant shift across the curve. While yields on the 91-day (15.30%; True Yield: 15.92%) and 182-day (15.50%; True Yield: 16.81%) tenors remained broadly stable, the 364-day bill surged to 17.50%, translating to a True Yield of 21.21%. This decisive upward move on the long end pushes 1-year risk-free returns above the 20% threshold, positioning it among the most compelling fixed-income opportunities currently available. The upward repricing of the 1-year instrument signals heightened investor demand for inflation-beating returns and a continued preference…
Beating Inflation With Fixed-Income Instruments As inflation sits around 16.05%, many people wonder whether investing in fixed-income instruments, currently yielding 16% to 18%, still makes sense. The short answer is yes, and here is why. Even when fixed-income yields sit close to the inflation rate is valid. With current instruments offering 16–18%, and inflation around 16.05%, the real return may appear marginal. However, fixed-income still presents viable opportunities when viewed in context. Even when yields hover around inflation, you are essentially preserving the real value of your money. Earning 16–18% against 16.05% inflation means you gain a small but positive…
Guinness Nigeria Sees Strong Repricing in Fresh Rally Guinness Nigeria Plc witnessed a strong repricing on Wednesday as investors rotated into the counter on renewed momentum trading. The stock advanced by N18.00, rising from its previous day’s opening of N180.00 to close at N198.00 per share, marking one of its most aggressive single-session upticks in recent weeks. The session’s performance placed Guinness well above its 50-day moving average of N177.78, reinforcing a sustained bullish breakout structure. The move further extends its recovery trajectory from the 52-week low of N62.00, pushing the equity back to its year-to-date high of N198.00, a…
CWG Secures FIRS Cert. as System Integrator for National e-Invoicing Platform CWG Plc has received official certification from the Federal Inland Revenue Service (FIRS) as a System Integrator for Nigeria’s mandatory Electronic Invoicing (e-Invoicing) platform, marking a significant milestone in the nation’s digital tax-administration agenda. The certification empowers CWG to deliver end-to-end systems-integration services that seamlessly connect the ERP, accounting, and invoicing systems of Nigerian organisations directly to the FIRS e-Invoice portal. By doing so, businesses gain the ability to automate invoice generation, validation, and regulatory reporting, ensuring real-time compliance while substantially reducing manual processes, errors, and administrative burdens. CWG…
Stanbic IBTC ETF30 Extends Market Dominance, Rises by 126% Stanbic IBTC ETF30 continued its impressive upward trajectory over the past four weeks, firmly securing its position as the market’s most dominant and best-performing exchange-traded fund. Anchored on a diversified basket of underlying blue-chip equities, the fund has consistently attracted significant inflows from institutional portfolio managers and high-net-worth investors seeking both liquidity and alpha-enhancing exposure. The ETF has delivered a remarkable 125.92% price appreciation, rebounding sharply from its 52-week low of N525 and trading well above its 50-day moving average of N600.85. With a 52-week high of N1,152.80, the instrument has…
Ellah Lakes Rallies on Positive Investors Sentiment The Nigerian equities market ended trading on Friday, November 28, 2025, on a strong and optimistic footing, closing the month in positive territory as renewed investor confidence continued to drive activity across key sectors. Among the standout gainers was Ellah Lakes Plc, which recorded 5.32% uptick, finishing the session at N13.85, up from its previous opening price of N13.15. This momentum-driven advance reinforced the stock’s growing relevance on the Nigerian Exchange (NGX), where it has steadily maintained liquidity and consistent tradability. Ellah Lakes’ current price performance remains noteworthy, especially when viewed against its…
NCR Plc: Uncertainties Cloud Earnings Outlook NCR Nigeria Plc’s Q3 2025 scorecard underscores a company navigating a disciplined turnaround, recovering from prior years of losses through board-driven resilience, operational refinements, and renewed market positioning. While the topline and balance sheet show clear signs of strengthening, profitability metrics reveal lingering structural pressures that demand cautious investor interpretation despite upbeat sentiment on the Nigerian Exchange (NGX). The company recorded revenue growth from N1.32bn to N1.40bn, signalling sustained demand recovery across its core service lines. However, cost of sales rose sharply from N1.05bn to N1.18bn, diluting margin leverage. Yet gross profit expanded significantly,…
Banking Sector Enters Defining Phase as Recapitalisation Clock Ticks As the year winds to a close, Nigeria’s financial landscape is navigating one of its most consequential transitions in over a decade. The Central Bank of Nigeria’s (CBN) recapitalisation deadline has become a litmus test for industry resilience, one that is already separating the well-positioned from the merely hopeful. So far, only 16 banks have successfully met the CBN’s stipulated capital thresholds, a milestone that underscores both the growing stability within the upper tier of the sector and the uphill climb still facing the remainder. For the banks yet to comply,…
Inflation Eases, Market Softens: Nigeria’s Mixed Signals to Investors Nigeria’s macro landscape recorded a welcome shift as headline inflation eased further to 16.05%, down from 18.02% the previous month. The deceleration driven by softer food and energy costs strengthens the narrative that price pressures are gradually cooling after months of strain on households and businesses. Yet this macro improvement has not translated into market optimism. After briefly touching 151,000 basis points, the NGX All-Share Index has slipped to around 145,159 basis points, with declines cutting across major sectors. The banking sector has taken the sharpest hit as investors lock in…