Author: Marketforces Africa

FBN Holdings Plc’s market value fell by 8%, or about N79 billion, on the Nigerian Exchange as investors exited their position in the financial services company. This has brought its stock market price near its rights offer price.

PZ Cussons Value Drops by 12% as Investors Moods Swing Sell pressures on PZ Cussons knocked off about 12%, or N11.514 billion, of the company’s market value. This happened as a review of its financials showed net loss moderated sharply in the first quarter of the 2025 earnings period. The market is awaiting the exit plan of the parent company from Nigeria, as earlier affirmed. But some analysts believe the company may have second thought about leaving the Nigerian market, as the damaging situation is not peculiar to consumer goods players. Worsening macroeconomic conditions remained top on the list of…

MeCure Industries Value Drops by 19% as Investors Unload Shares Pharmaceutical company Mecure Industries market value declined by about 19% as investors dumped their shares during five trading sessions on the Nigerian Exchange (NGX) last week. Negative buying sentiment knocked off N9.8 billion from MeCure Industries market valuation on the Nigerian Exchange. Details showed that Mecure share price declined to N10.55 in the equities market from N12.95 at the beginning of the same week. At the current market value, Mecure is trading at about 19% discount to 52-week. The company share price had hit N13 before it started to retreat.…

Unilever Nigeria Plc’s stock market valuation surged to new 52-week highs on the Nigerian Exchange (NGX) as a result of investors’ bets on the company in anticipation of robust future earnings and dividends.

Cadbury Nigeria’s Plc market value increased significantly on the Nigerian Exchange as investors staked huge bets on the consumer goods index. The stock rallied as investors’ sentiments improved as Cadbury Nigeria’s parent company raised stake.

Lafarge Africa Plc’s market value increased by about 29% as investors circled around the cement company’s stock on the Nigerian Exchange trading platform.

Eunisell Interlinked Plc skyrocketed by about 61% as investors kept taking positions in the technology services company. From N11.99 at the start of the week, the market price of Eunisell Interlinked shares increased to N19.27 on the Nigerian Exchange.

Anambra Secures $500m Funding Partnership Agreements—ANSIPPA The Anambra government has secured investment funding and a strategic partnership of over $500 million from the various agreements signed at the end of the second edition of its investment summit held on November 14. The summit had the theme “Changing Gears: Accelerating Anambra’s Economic Transformation” with development partners, financial institutions, captains of industries, and government officials in attendance to discuss investment opportunities in the State. Mr Mark Okoye, Managing Director of Anambra State Investment Promotion and Protection Agency (ANSIPPA) who gave the post summit summary on Sunday in Awka said the State was…

Equities investors in the Nigerian Exchange (NGX) saw about N77 billion gain in the just concluded week. Due to bargain hunting spread over the trading sessions, the All-Share Index (ASI) edged up by 0.11% week-on-week to close at 97,829.02 points.

GCR Revises Outlook on MyCredit to Stable, Affirms Rating MyCredit Investments Limited’s national scale long and short term issuer ratings of BBB (NG) and A3 (NG), respectively, have been confirmed by GCR Ratings. The outlook on the ratings has been revised from negative to stable, the rating agency said. The affirmation, according to GCR, reflects sustained entrenchment of its market position as a digital microlender in Nigeria, as well as its good cash flows and liquidity. The company, which trades as ‘Fairmoney’, is a wholly owned subsidiary of France-domiciled Predictus SAS – the parent company. The parent is a non-operating…