Author: Ogochukwu Ndubuisi

Oando Plunges by Half over Discounted Investors’ Trust Oando Plc has lost half of its highest market value in 52 weeks due to sell pressures. The energy stock experienced a fast and furious rally in 2024 but has since lost its allure over discounted investor trust. The energy company share price has been on the decline despite strong fundamentals and a sustained expansion drive. Its persistent downward pricing on the Nigerian Exchange has forced a number of investment firms to place Oando Plc shares under review. As the company footprint in the sector increased, its share price decreased, reflecting shareholders’…

Zenith Bank Pays Shareholders N51.3bn Interim Dividend, Up by 60% Zenith Bank Plc, on Friday, October 10, 2025, made good on its promise as it paid a total interim dividend of N51.3 billion to its shareholders for the Half Year (H1) 2025, at N1.25 per share. This significant payout represents over 60% increase from the N31.4 billion paid in H1 2024, demonstrating the bank’s commitment and enhanced capacity to continually generate value for its shareholders amidst a challenging macroeconomic environment. The dividend payment comes on the heels of the bank’s audited financial results for the half-year ended June 30, 2025,…

Nigeria’s Eurobonds Yield Rises, $1.1bn Notes Expire in Nov. Nigeria’s sovereign Eurobond yield surges in the international market as foreign portfolio investors (FPIs) rebalance their positions against African issuers ahead of repayment. The sovereign borrowing instrument for longer duration was sold, causing its associated yield to increase, reflecting shifting global risk sentiment and uncertainty around a potential U.S. shutdown The markets weighted Nigeria’s sovereign credit and macroeconomic positions.  The negative sentiment became necessary as offshore investors sought to put Nigeria’s creditworthiness to test ahead of expiration of $1.1 billion Eurobond next month. In November, the sovereign Eurobond worth US$1.1 billion…

Strike Cuts Oil Output to 1.58 mbpd in September – NUPRC The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says Nigeria’s crude oil and condensate production fell to an average of 1.581 million barrels per day (bpd) in September 2025. The commission disclosed this in a statement on Saturday, citing official statistics released by its Head of Media and Strategic Communication, Eniola Akinkuotu. NUPRC attributed the drop to a three-day industrial action by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), which led to the shutdown of several production and export facilities. It added that scheduled turnaround maintenance…

Equities Investors Gain N2.16trn as Trade Deals Spike Equities investors in the Nigerian Exchange (NGX) gained N2.16 trillion as trade deals across sectoral names spiked by about 20% week on week. The local bourse sustained its positive momentum this week, with overall sentiment remaining bullish despite a moderation in transaction value and trading volume. The NGX All-Share Index advanced by 2.37% week on week to close at 146,988.04 points after hitting a new 52-week high of 147,107 points on strong market internals. The hunting for value was driven by renewed investor interest in fundamentally strong stocks ahead of the third…

W’Cup Qualifier: Nigeria Edge Lesotho 2-1 to Keep Hopes Alive Nigeria’s Super Eagles defeated Lesotho 2–1 on Friday in Polokwane, keeping their hopes alive for a spot at the 2026 FIFA World Cup. The victory places Nigeria third in Group C with 14 points. Benin Republic, who secured a 1–0 win over Rwanda in Kigali, remain top of the group with 17 points, while South Africa sit second, also on 15 points. Meanwhile, South Africa were held to a goalless draw by Zimbabwe in Durban. Nigeria will host Benin Republic in Uyo on Tuesday in a decisive final group match.…

NGX Market Cap Hits N93.3trn, Equities Investors Gain N497bn The Nigerian Exchange (NGX) market capitalisation added 0.54 per cent or N497 billion, to an opening of N92.798 trillion to close at N93.295 trillion. This is sustaining the bullish performance for 11 consecutive sessions The All-Share Index also gained 0.54 per cent or 793.70 points to close at 146,988.04 points, against 146,204.34 points posted on Thursday. Gains in Dangote Cement, Nem Insurance, Jaiz Bank, FTN Cocoa Processors and 21 other stocks drove the market to positive terrain. Meanwhile, the market breadth closed flat with 25 gainers and 25 losers on the…

Nigeria to Raise US$2.3 bln from Eurobonds in Q4- Note The Nigerian government plans a US$2.3 billion Eurobond issuance before year-end to support budgetary needs and undertake liability management operations, CSL Stockbrokers said in an update. In November, the sovereign Eurobond worth US$1.1 billion is expected to expire, and this may require the government to borrow to settle its international obligation.  According to CSL, the planned issuance would mark Nigeria’s return to the international debt market following the successful US$2.2 billion Eurobond sale last December, which was nearly four times oversubscribed. “This planned issuance aligns with our earlier view that…

Suit Challenging Nigeria’s Proposed Expatriates Tax to Begin Dec. SUIT- Justice Mohammed Umar of the Federal High Court in Abuja has fixed Dec. 1 for hearing in a suit seeking to stop the Federal Government from implementing the proposed expatriates’ taxation regime. The case, which was earlier scheduled for hearing by the new judge, could not proceed due to the ongoing judges’ conference. Although Paul Atayi, lawyer to the plaintiff and the defence counsel were in court, Justice Umar, who was recently reassigned to take over the matter, was absent. The case which was formerly before Justice Inyang Ekwo, is…

Nigeria Launches Digital Badge to Build Trust in Online E-Commerce The Federal Government (FG) has inaugurated a National Digital Trustmark, a platform designed to provide a verifiable certification mechanism and badge of trust for e-commerce and other online platforms nationwide. It was inaugurated during a joint news conference by the National Information Technology Development Agency (NITDA), Corporate Affairs Commission (CAC), the Central Bank of Nigeria (CBN) and the Nigerian Communications Commission (NCC). The initiative is expected to curb online frauds, identity theft, scamming, forgery thereby ensuring trust, competitiveness, integrity and reposing confidence in Nigeria online and digital business platforms. Malam…