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
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…
ASO Savings and Loans Plc Delisted from NGX The Board of NGX Regulation Limited has approved the delisting of ASO Savings and Loans Plc from the Nigerian Exchange Limited (NGX), bringing to a formal close the company’s presence on the Nigerian capital market. The decision follows the revocation of ASO’s operating licence by the Central Bank of Nigeria (CBN), a regulatory action that effectively rendered the company unable to continue business as a licensed primary mortgage bank. From a market and regulatory standpoint, the delisting is a consequential rather than discretionary outcome. Under NGX listing rules, the maintenance of a…
Jaiz Bank: Repricing Momentum Signals Market Conviction Jaiz Bank Plc extended its bullish trajectory on Wednesday, reflecting renewed investor confidence as the market reprices the stock against improving fundamentals and regulatory clarity. The rally is unfolding against expectations that the bank will successfully meet the Central Bank of Nigeria’s (CBN) capital raise requirements, a key catalyst driving sentiment across the banking space. The stock advanced for the third consecutive trading session, underscoring sustained buying interest. Jaiz Bank opened the day at N7.46 and climbed to close at N8.20, gaining 9.92% to top the gainers’ chart. The move marked both a…
7.5% VAT on Mobile, USSD Transfer: What It Means for Digital Banking From January 19, 2026, Nigerian bank customers will begin paying a 7.5% Value Added Tax (VAT) on mobile banking transfers, USSD transactions, and related electronic banking services. This development, alongside the existing N50 stamp duty on electronic transfers of N10,000 and above, marks a significant shift in the cost structure of everyday banking in Nigeria and signals a new phase in the country’s digital finance transition. Under the new regime, VAT will apply to service fees charged by banks for mobile app transfers, USSD banking, and other electronic…
Seplat Energy Powers the Market into the Green Seplat Energy Plc delivered one of the most decisive performances on the Nigerian Exchange on Wednesday, January 14, 2026, emerging as a key catalyst that pushed the All-Share Index into positive territory amid a broadly selective market. In a session dominated by mid-cap leadership, Seplat stood out with a powerful combination of price appreciation, liquidity, and renewed investor conviction. The stock surged by N529, representing an 8.57% intraday on gainers chart, to close at N6,700.00 per share, marking a significant technical and psychological breakout. Trading activity was robust, with 610,767 shares exchanged,…
MTN Nigeria Rallies to Record High on Renewed Investor Confidence Trading activities on Tuesday reflected a renewed wave of optimism in MTN Nigeria Plc, as the stock delivered one of the most notable performances on the Nigerian Exchange (NGX). MTN Nigeria surged by N55 per share, closing at N605, marking both a new 52-week high and an all-time market high. The sharp appreciation was driven by strong investor demand, positioning the stock as a clear market outperformer for the session. The rally signals a decisive recovery phase for the telecom giant, following a prolonged period of pressure that had weighed…
NCR Hits Record High Fuels by Sentiment-Driven Rally Trading at its 52 week high on the Nigerian Exchange, NCR Nigeria Plc delivered a decisive technical and sentiment-led performance at the start of the week on Monday. The ICT stock extended its upward trajectory as the stock surged beyond its 50-day moving average of N54.12 today to close at N87.90 per share on NGX. The close simultaneously matched the company’s 52-week high and its market high, underscoring the strength of the breakout and the conviction behind recent flows. The rally translated to an absolute gain of N33.78 on its moving average,…