Author: Olu Anisere

Equities Investors Gain N786bn as Oil, Insurance Stocks Rally Equities investors gained more than N786 billion on the Nigerian Exchange (NGX) as oil and gas and insurance stocks rallied. The Nigerian bourse opened the week strong, sustaining its bullish trend as the All-Share Index surged 0.86% to 144,822.61 points. The bargain hunting pushed year-to-date gains to 40.71% and boosted market capitalisation by N786.24 billion to N91.92 trillion. The Nigerian Exchange growth was boosted by investing in blue-chip and medium-scale stocks across key market sectors. Stockbrokers said the momentum was aided by moderating macroeconomic parameters and interest rate in the fixed…

Nigerian Treasury Bills Rally, Excess Liquidity Fuels Demand The average yield on Nigerian Treasury bills declined by 12 basis points (bps) in the secondary market as investors continued to show interest in naira assets. Sentiment was strongly bullish, reflecting excess liquidity level in the financial system while the market anticipates Q4 auctions to start coming on board. According to analysts at Cowry Asset Limited, investors crowded into short, mid, and long tenors, pushing average market yields lower by 12 bps week-on-week to 17.93%. With the monetary policy easing that started in September, the market expects the Central Bank of Nigeria…

First Holdco YTD Return Tightens as Share Price Slips The stock market value of First Holdco Plc declined while its year-to-date (YTD) return tightened as investors reduced shareholdings ahead of the third quarter of 2025 earnings release. First Holdco Plc’s year-to-date return reduced to 10.3% due to negative price fluctuation stoked by investors’ weak sentiment. The soft selloffs came on Friday when 4.467 million units of First Holdco valued at N138.335 million were transacted in the stock market. Trading direction was influenced by investors seeking to exit positions; hence, its share price declined by 5 kobo on each of its…

Access Holdings Ticks Up, Equity Analysts See 60% Upside Nigeria’s largest banking group, Access Holdings Plc, experienced a soft price uptick in the equities segment of the Nigerian Exchange (NGX) as investors reposition ahead of the third quarter earnings season. The financial services group has boosted its shareholders’ wealth by 9% since the beginning of the year to date, reflecting its share price volatility. Last week, Access Holdings’ share price rose to N26.5 on Friday as 71.739 million units valued at N1.866 billion were traded across deals last week. The intermittent rally has persisted as markets anticipate earnings releases. Trading…

Banks Deposit Excess Funds With CBN at 24.5% SDF Rate Deposit Money Banks (DMBs) channelled excess liquidity in the financial system to the Central Bank of Nigeria (CBN) Standing Deposit Facility (SDF) at an adjusted rate around the monetary policy rate.  Last week, money market liquidity crossed N7.1 trillion as the Apex Bank failed to mop up excess funds in the financial system. The financial system experienced refunds for excess cash reserve ratio on banks deposit after monetary policy rate cut and CRR adjustment. This helped in liquidity flooding experience in the money market. Despite inflows from across matured instruments,…

Equities Investors Gain N1.18trn as Eterna, PZ Cussons Top Rally The market value of all listed companies on the Nigerian Exchange (NGX) surged by N1.18 trillion week on week to N91.14 trillion at the close of the trading session on Friday. The portfolio value surged due to heightened bargain hunting in the local bourse. Equities investors’ sentiment was broadly bullish despite a decline in the number of deals and transaction value. The All-Share Index gained 1.02% week on week to close at 143,584.04 points, buoyed by renewed investor appetite for fundamentally strong stocks. NGX market cap rose by 1.31% to…

Fidelity Bank Delivers 11.1% Gain in Fresh Rally Fidelity Bank Plc.’s’ market value surged more than 11% over bargain hunting as investors’ increased their bets on the financial services company. The increased market activities following series of buying recommendations from notable investment firms, projecting double digits upside potentials. Stock trading data from the Nigerian Exchange (NGX) showed that Fidelity Bank topped gainers list among all listed banking stocks last week, reflecting the renew interest ahead of third quarter earnings period. Fidelity Bank’s share price edged higher by 11.1% week on week to close at N20.5 of Friday when 5.738 million…

FCMB Investors Get ‘Juicy’ 16% Return in 9 Months With 21% insider shareholders, and 79% free free float, FCMB Group Plc delivered a 16% gain in the first nine months of operation in 2025, reflecting tight price appreciation amidst zero interim dividend payments to shareholders.  This means an investor who purchased N100 million worth of FCMB at the beginning of the year gained N16 million as of Sept close when the bank share price was N10.90. The capital appreciation fell below its immediate rivals in the tier-2 category. While FMCB delivered 16%, Ecobank boosted its shareholders’ value by 30.4%, Wema…

Exhibitors Laud FNITCC Atlanta as Game-Changer for Non-Oil Exports Growth Exhibitors at the recently concluded Fidelity Nigeria International Trade & Creative Connect (FNITCC) in Atlanta, Georgia have lauded the event as a transformative platform for showcasing Nigerian non-oil exports and businesses on the global stage. Hosted by Fidelity Bank Plc in collaboration with AFRICON from September 18 to 20, 2025, FNITCC brought together innovative, export-ready Nigerian enterprises across diverse sectors—including fashion, arts, manufacturing, and technology—creating a vibrant space for commerce, connection, and cultural celebration. Praised for its energy and flawless execution, FNITCC Atlanta 2025 marked a significant leap forward from…

Nigeria Sovereign Eurobonds Rally amidst U.S Govt. Shutdown Driven by positive sentiment about its economic outlook, foreign portfolio investors (FPIs) increased bets on Nigerian sovereign Eurobonds in the international market amidst the U.S. government shutdown. Due to buying intetest, the average yield on Nigeria’s US dollar-priced bonds hovered around 8% versus the 10-year US Treasury yield of 4% on Thursday. Fixed income market analysts said the trading direction suggests that foreign investors are adjusting portfolios as markets begin to query the dollar as safe asset, with dollar index (DXY)declining over economic uncertainties. With the ongoing U.S. government political deadlock, offshore…