Monday, October 20, 2025
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Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

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Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

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Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Bearish Sentiment Persist on Declines in Market Bellwethers… NSE ASI down 0.6%

The bearish sentiment persisted in the local bourse yesterday as declines in market bellwethers – DANGCEM (-2.2%) and GUARANTY (-1.6%) – pulled the All NSE All Share Index (ASI) 0.6% lower to 37,733.44 points while YTD loss deteriorated to 1.3%. Hence, investors lost N88.5bn as market capitalization fell to N13.7tn.

However, activity level improved as volume and value traded rose 11.5% and 40.0% to 414.9m units and N4.5bn respectively. Top traded stocks by volume was CHAMPION (140.4m), STERLING (47.8m) and ZENITH (26.2m) while GUARANTY (N921.6m), ZENITH (N651.8m) and DANGCEM (N599.5m) were the most traded stocks by value.

Largely Bullish Sector Performance 
The performance across sectors was largely bullish as 3 of 5 indices trended northwards.

The Industrial Goods, Consumer  Goods and Insurance indices were yesterday’s gainers, up 1.4%, 0.5% and 0.2% respectively, buoyed by bargain hunting in INTBREW (+3.3%),WAPCO (+5.0%), UNILEVER (+2.5%) and NIGERIAN BREWERIES (+0.5%). On the flipside, the Banking index was the sole loser, shedding 0.7% on the back of sell-offs in GUARANTY (-1.6%), ZENITH (-0.4%) and DIAMOND (-3.5%).

The Oil & Gas index closed flat, halting its six days of consecutive losses.

Investor Sentiment Strengthens
Investor sentiment as shown by market breadth (advance/decline ratio) strengthened to 0.8x from 0.3x recorded yesterday as 16 stocks advanced against 20 decliners.

Yesterday’s top advancers were HONYFLOUR (+9.5%), LAWUNION (+9.3%) and AIICO (+5.0%) while EQUITYASSURE (-4.5%), WEMA (-4.1%) and DIAMOND (-3.5%) were the worst performers.

Given the largely bullish sector performance and improved investor sentiment, we see an opportunity for a market rebound in the last trading day of the week.

Hot this week

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Topics

NCDMB: Best MDA in Business Efficiency, Transparency in 2022

  Engr. Simbi Kesiye Wabote  Executive Secretary Nigerian Content Development and Monitoring Board (NCDMB) The...

Olubayo Abiodun Named Managing Editor, AFRICA TELECOM & IT

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NDIC to Host African Deposit Insurance Leaders to Strengthen Operational Resilience

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IMT 4.0. Sets Stage for 2025 Edition, Names Per Lagerström as Headline Speaker

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Old Mutual Nigeria Celebrates Parent Company’s 178 Years of Financial Service Heritage

Samuel Ogbu West Africa Chief Executive Officer Old Mutual Old Mutual...

Stanbic IBTC Bank Wins Agric Bank of the Year Award

L-R: Wole Oshin, Head, Agribusiness; Olushola Alarege, Head, North...

PR in Africa: The Way Forward in 2017

Looking to 2017 and beyond, Africa’s prospects are positive. According...

Issues from Buhari’s Last Independence Day Broadcast

By Haniel Ukpaukure I sat through the agony of watching...
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