Tag: Nigerian stocks

  • Nigerian CEOs Express Record Optimism for 2026 Economic GrowthI

    Nigerian CEOs Express Record Optimism for 2026 Economic GrowthI

    In a report published by ThisDay, a survey conducted by PwC Nigeria reveals that 91% of Nigerian Chief Executive Officers expect the country’s economy to improve significantly in 2026. This surge in confidence, up from 64% in the previous year, is attributed to the stabilizing impact of disciplined monetary reforms and the successful transfer of several oil and gas assets to indigenous operators.

    The optimistic outlook was echoed in reports by The Sun and Vanguard, which analyzed the impact of these sentiments on the capital market. The Sun reported that “business leaders are now pivoting from survival mode to growth strategies,” while Vanguard quoted a leading economist saying, “The 2026 horizon looks bright if the current fiscal discipline is maintained.”

    Despite the optimism, the survey also flagged rising cyber risks as a major threat to corporate stability. CEOs noted that as operations become more digitized, the exposure to high-level data breaches has increased, necessitating greater investment in national cybersecurity infrastructure.

    Echotitbits take: High CEO confidence is a leading indicator of increased capital expenditure and job creation. However, the government must address the “cyber risk” warning mentioned by these leaders to ensure that the digital economy doesn’t become a new bottleneck for growth.

    Source: ThisDay — https://www.thisdaylive.com/2026/02/02/pwc-nigeria-91-ceos-expect-nigeria-economic-growth-in-2026/, February 6, 2026

    Photo credit: ThisDay

  • Otedola Applauds FirstBank’s N500 Billion Capital Milestone

    Otedola Applauds FirstBank’s N500 Billion Capital Milestone

    Figures cited by Premium Times show that FirstBank of Nigeria has successfully completed its N500 billion capital raise, a move lauded by billionaire investor Femi Otedola. Otedola praised both President Tinubu and CBN Governor Yemi Cardoso for creating the regulatory environment that allowed for such a massive capital injection.

    The capital raise is part of the CBN’s mandate for commercial banks to strengthen their balance sheets to support a 1 trillion economy. FirstBank’s success is seen as a bellwether for the rest of the banking sector, many of whom are still in the middle of their own rights issues or public offers.

    The Nation added that the ‘economy will profit from financial sector reforms,’ noting that stronger banks will be better positioned to lend to the real sector. BusinessDay also listed this as one of the ’25 deals that shaped Nigeria’s corporate environment,’ marking it as a defining moment for 100-year-old institution.

    Echotitbits take: FirstBank reaching this goal ahead of schedule is a massive liquidity boost for the Nigerian stock exchange. Expect Otedola to continue pushing for a ‘N1 trillion capital base’ as the new gold standard for Tier-1 banks in Nigeria.

    Source: Premium Times — https://www.premiumtimesng.com/business/business-news/847084-otedola-urges-cbn-to-raise-banks-capital-to-%E2%82%A61-trillion-as-firstbank-meets-%E2%82%A6500bn-requirement.html
    Premium Times January 2, 2026

    Photo Credit: Premium Times

  • GTCO moves to raise ₦10bn via private placement as recapitalisation pressure builds

    GTCO moves to raise ₦10bn via private placement as recapitalisation pressure builds

    2025-12-31 08:28:00

    As reported by PUNCH, Guaranty Trust Holding Company (GTCO) says it will raise ₦10bn through a private placement involving 125 million ordinary shares, positioned within its regulatory and capital-raising framework.

    The company says the transaction follows relevant guidelines for financial holding companies, and it’s structured as a targeted placement rather than a broad public offer.

    In a market where banks are racing to meet higher capital thresholds, deals like this signal a preference for faster, cleaner capital injections—especially if investor demand is solid.

    Validation: Investegate said “undertaking a private placement to raise ₦10 billion by issuing 125,000,000 ordinary shares at ₦80 per share.” and TheCable reported “has secured approvals from the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC).”

    Echotitbits take: Private placements are speed tools—good for timelines, but they test investor appetite and pricing discipline. Watch the pricing mechanics, investor mix, and whether more tier-1 banks follow with similar structures.

    Source: The Punch— 31 December 2025 (https://punchng.com/gtco-to-raise-n10bn-through-private-placement/)

    The Punch 31 December 2025

    Photo Credit: The Punch