Author: Olu Anisere

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…

NAFDAC Seals 2 Chinese Supermarkets in Abuja The National Agency for Food and Drug Administration and Control (NAFDAC) on Thursday in Abuja sealed two Chinese supermarkets in the Federal Capital Territory (FCT). The supermarkets, which are located at No. 40 Mike Akhigbe way, Jabi and No. 61, Ebitu Ukiwe Street, also in Jabi, were sealed for selling goods that were allegedly not approved in the country. The agency also put on hold eight other shops at the Wuse market for selling aphrodisiac sex enhancement pills. They were also found to be selling body enlargement creams and drugs for breast and…

Oil Prices Increase as G7 Targets Russian Crude Buyers Oil prices rose in the global commodity market on Thursday after the Group of Seven advanced economies (G7) revealed a plan to put pressure on countries buying crude oil from Russia. Geological tensions – Middle East unrest – continue to impact the supply side, including lower China demand, while India and Russia maintain an oil deal relationship, which has resulted in sanctions from the US. The global market saw a rebound as investors weighed a larger US crude stock build against fresh signals the Group of Seven (G7) nations will tighten…

Money Market Liquidity Climbs to N6.6trn, CBN Refunds CRR Excess liquidity surged to about N6.6 trillion in the money market as the Central Bank of Nigeria (CBN) ignored a series of additional inflows from expired instruments. The authority’s absence from the market kept liquidity flowing, while deposit money banks (DMBs) stepped up placements at the CBN Standing Deposit Facility (SLF). After its interest rate adjustment, the CBN refunded some banks for excess cash reserve ratios on deposit, supporting liquidity growth.Interbank rates trend lower, below 35%, reflecting both the liquidity size in the banking system and the adjustment to the monetary…

Fidelity Bank Fires Up, Investors Ignore Earnings Delay In the first two trading sessions this week, Fidelity Bank Plc had delivered about 14% price upticks, rising from N18.45 per share from Friday’s close to N21 – now trading near its highest valuation in 52 weeks. The price appreciation posted in two days eclipsed the 5.4% year-to-date return delivered in roughly nine months. Fidelity Bank fired up as investors’ sentiment improved, though sustaining price level remains a top question about one of the volatile financial stocks in the local bourse. Historical trading data obtained from the Nigerian Exchange revealed that Fidelity…

Court Strikes Out Saraki’s Suit Against EFCC, ICPC, Others The Federal High Court in Abuja, on Tuesday, struck out two separate suits filed by former Senate President, Bukola Saraki, to seek court protection against the plan by EFCC to probe him. Justice Mohammed Umar struck out the two cases following a notice of discontinuance of the suits sighted in the court record and after no lawyer appeared for parties at the resumed hearing. The former Senate president had filed the suits following the EFCC’s decision in 2019 to probe Saraki’s earnings between 2003 and 2011 when he was governor of…