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
NCR Nigeria Q4 2025 Unaudited Results Highlight Valuation-Fundamentals Mismatch NCR Nigeria Plc’s unaudited Q4 2025 financials present a mixed operational recovery that, when weighed against its current market price of N199 per share, offers limited justification for further upside. Despite a headline return to profitability, the underlying fundamentals lack the leverage required to support prevailing investor optimism, reinforcing the view that the stock is overpriced. Revenue expanded materially to N3.08bn in 2025 from N2.15bn, reflecting improved activity levels. However, this growth came at a significant cost with the cost of sales surged to N2.81bn from N1.52bn, compressing margins sharply. As…
Investing Through the Numbers: A Season for Discipline As quoted companies on the Nigerian Exchange (NGX) begin to release their 2025 financial results from this week onward, investors are entering the most consequential phase of the market calendar. Earnings season is where narratives give way to evidence. Prices may move on sentiment in the short term, but sustainable returns are built on numbers revenue quality, margin direction, cash generation, and balance-sheet strength. This is the moment to slow down, study the figures, and let facts not noise set portfolio direction. A disciplined approach starts with running through the statements line…
Skyway Aviation Momentum Extends Into New Trading Week Skyway Aviation Handling Company Plc sustained its bullish momentum into the first trading day of the new week, Monday, January 26, 2026, confirming that the breakout recorded late last week remains intact. Renewed investor interest drove the stock higher by an additional N9.85, mirroring the magnitude of the previous session’s advance and reinforcing the strength of the current price trend. Intraday activity reflected selective buying anchored on fundamentals, with demand comfortably outweighing supply. The stock closed at N109.80, marking a fresh 52-week high and placing the price well above its 50-day moving…
Where Smart Money Is Going: Nigeria’s Real Estate Sector Roadmap to 2026 Nigeria’s real estate sector is entering a defining phase as it aligns with demographic pressure, capital market deepening, and a renewed policy focus on infrastructure and housing delivery. By 2026, the sector is expected to consolidate its role as a strategic contributor to economic growth, with market activity increasingly gravitating toward scalable, institution-friendly developments capable of unlocking an estimated N1 trillion in value across housing, commercial property, and mixed-use assets. With a population exceeding 220 million, Nigeria’s housing deficit remains structurally significant, positioning real estate as both a…
Zichis Rides Growth Wave with Solid Fundamentals Zichis Agro-Allied Industries Plc’s nine-month Q3 2025 results, recently disclosed on the NGX, underscore a compelling growth trajectory. Revenue surged an impressive 122%, rising from N209.21 million to N464.10 million, while profit before tax catapulted 364% to N201.04 million from N43.36 million. Profit after tax mirrored this momentum, climbing from N34.71 million to N166.54 million. Shareholders’ funds expanded from N851.50 million to N1.01 billion, alongside a modest rise in the shareholder base from 23 to 28, highlighting both robust capital structure and growing market confidence. On a per-share basis, earnings per share leapt…
Skyway Aviation Soars to New High, Earnings Reignites Bargain Hunting Skyway Aviation Handling Company Plc returned emphatically to investors’ radar on Tuesday, January 20, 2026, delivering a rejuvenated performance that underscored renewed confidence in the aviation counter and the broader equities market. After a prolonged period of consolidation, a powerful catalyst-driven move that previously lifted the stock to its 52-week high of N99.50, reinforcing bullish sentiment around the stock. During Tuesday’s intraday session, selective buying supported by improved sector fundamentals ignited a sharp repricing. Skyway Aviation opened at N88.45 and rallied strongly to close at N96.20, marking a gain of…
Geregu Power Declares Dividend Amidst Tight Earnings Performance Geregu Power Plc’s full-year audited reports and financial statements for the year ended December 31, 2025 present a mixed but largely resilient performance profile, characterised by strong top-line expansion, moderated profitability growth, and balance sheet stretching amid an evolving operating and leadership landscape. The company delivered a robust 34.88% year-on-year (YoY) revenue growth, with turnover rising to N184.95 billion from N137.13 billion in 2024. This underscores improved generation capacity utilisation, tariff dynamics, and sustained demand within Nigeria’s power value chain. However, the revenue acceleration came at a cost. Cost of sales expanded…
NGX Mid-January 2026 Review: Strong Start Anchored by Valuation Expansion The Nigerian Exchange (NGX) closed mid-January 2026 on a firmly bullish note, underscoring renewed investor confidence and sustained momentum across equities. Total capital market valuation surpassed N66.851 trillion, reflecting a 44.3% year-to-date gain, while the Exchange closed with an overall valuation of N217.749 trillion, a performance that places Nigeria among the stronger emerging market equity stories at the start of the year. The rally has been largely valuation-driven, supported by robust price appreciation in large-capitalisation stocks and improved breadth across mid-caps. Banking, telecommunications, and energy counters led advances, buoyed by…
SCOA Climbs as Investors Confidence Rises, Hits 52-Week High SCOA Nigeria Plc delivered one of the most striking price performances on the Nigerian Exchange (NGX) on Friday, January 16, 2026, as renewed investor optimism drove the stock to a fresh in-market and 52-week high of N14.90. The counter opened the session at N13.55 and rallied strongly intraday, closing with a gain of N1.35, underscoring a clear momentum-driven advance. The move reflected improving risk appetite across the market, with SCOA emerging as a key beneficiary of sentiment rotation into previously depressed stocks. From a technical perspective, the rebound is notable when…
Geregu Power: Board Approves FY2025 Accounts, Proposes N9 Final Dividend Geregu Power Plc has notified the investing public that its Board of Directors, at a meeting held on Thursday, January 15, 2026, approved the company’s audited financial statements for the financial year ended December 31, 2025. The approval followed a detailed review of the company’s operational and financial performance over the period. In line with the improved full-year results, the Board recommended a final dividend of N9.00 per ordinary share, subject to shareholders’ approval at the forthcoming Annual General Meeting. The proposed dividend underscores the company’s commitment to delivering sustainable…