Monday, October 20, 2025
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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...

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...

Equity Market Halts 7-day Bearish Run… NSE ASI up 1.1%

The local bourse halted a 7-day bearish run yesterday as the All Share Index (ASI) rose 1.1% to close at 42,171.80 points while YTD gain improved to 10.3%.

Accordingly, investors gained N166.4bn in value as market capitalization increased to N15.1tn. Today’s positive performance can be largely attributed to buying interest in Banking and Consumer counters with ZENITH (+5.0%), UBA (+6.3%) and NESTLE (+1.9%) weighing the most on performance.

Also, activity level improved as volume and value traded advanced 10.7% and 28.1% to 520.7m units and N4.7bn respectively.

Banking Sector Leads Gainers
Sector Performance was largely positive as 4 of 5 indices closed northwards. The Banking index recorded the highest gain – up 2.7% on renewed interest in Banking stocks – driven by ZENITH (+5.0%), UBA (+6.3%) and ACCESS (+5.0%).

Similarly, price appreciation in MANSARD (+4.0%), WAPIC (+4.9%), NESTLE (+1.9%) and NIGERIAN BREWERIES(+0.9%) pushed the Insurance and Consumer Goods indices 1.3% and 1.0% higher respectively.

The Industrial Goods index followed, up 0.2% on the back of gains in BETAGLASS (+4.9%) and BERGER (+4.8%). On the other hand, the Oil & Gas index was the lone loser, falling 0.3% largely due to sell pressures in FORTE (+1.8%) and TOTAL(+0.4%).

Market Breadth Improves
Market breadth (advance/decline ratio) which measures investor sentiment, improved to 1.3x from 0.4x recorded the previous day consequent on 25 stocks advancing against 19 stocks that declined.

The best performing stocks were SKYE (+10.0%), FCMB (+9.8%) and DIAMOND (+7.8%) while FIRSTALUM (-9.1%), LASACO (-5.9%) and ABCTRANS (-5.0%) were the worst performers. In line with expectation, the market rebounded today.

Following the improvement in investor sentiment, we anticipate positive market performance till the end of the week. We also expect sustained improvement in market activity as investors take position in stocks with attractive valuation.
In the NASD OTC Exchange, total volume and value traded stood at 577,500 units and N89.3m respectively.

Hot this week

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NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

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NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

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Topics

Old Mutual, Axa Mansard, Ecobank, Microsoft for Insurance Tech Confab

Leading thought leaders and C-Suite Executives from corporate organisations...

Almond Insurance Consumers Forum, Nite Set for Nov 22

Almond Productions Limited, promoters of the annual Insurance Consumers'...

Unbanked Africans to Reap from Paxful, Bitmart Partnership

Paxful, a peer-to-peer Bitcoin marketplace has announced integration onto...

Book Review: Cyber Politics – Social Media, Social Demography and Voting Behaviour in Nigeria

  Title: Cyber Politics – Social Media, Social Demography and Voting...

$12.1tr: Price Tag for Paris Climate Change Deal in 25 Years

If the world is serious about halting the worst...

Why Women are Driving Rethinking of the Sales Model (2)

When you recognise that women are not just the majority but actually the vast majority of consumers, and that their power is only going to increase, it completely changes the commercial urgency of getting to grips with women buyers.’ In a day and age when everyone can buy almost anything from anywhere, the “feelgood” factor at every customer touchpoint has never been more important. Youth is Not What it Appears to Be While many marketers still seem obsessed with talking to Gen X and Y consumers, and still think of them as the longest term market worth tapping, the most powerful women financially are often past their youth.

NCDMB/ NLNG Working Group Reaffirms Commitment to Local Content Performance

The Nigerian Content Development and Monitoring Board (NCDMB) and foremost gas firm, the Nigeria...
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