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#Webinar || In Search of Alpha

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  The equities market of 2025 is often described as a “money‑printing machine,” but the data tells a more disciplined story. The year closed with an impressive 51.19% gain , yet this performance did not lift every investor equally. The real beneficiaries were those who approached the market with preparation, selectivity, and a clear understanding of earnings strength. 📌 Understanding the 2025 Market Rally The broad recovery narrative that dominated early 2025 gradually shifted into a more technical, earnings‑driven market. While forex stability found a new normal and monetary policy remained firm, inflation—though easing—continued to exert pressure on costs. This created a landscape where earnings resilience became the true differentiator . Several trends defined the year: Sector performance diverged , rewarding industries with strong fundamentals. Valuations became harder to justify based on sentiment alone. Companies with sustainable cash flows and solid balance sheets ...

#CorporateAction || Notice of Board Meeting || Unilever

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  Unilever Nigeria Plc Announces Date for Q1 2026 Board Meeting Unilever Nigeria Plc has issued an official notice confirming the date for its upcoming Board of Directors meeting for the first quarter of 2026. The meeting is scheduled to take place on Thursday, March 18, 2026 , and will focus on key governance and financial matters, including the review and approval of the company’s Audited Financial Statements for the year ended 31 December 2025 . This update is part of the company’s ongoing commitment to transparent communication with shareholders, regulators, and the investing public. Key Agenda: Approval of 2025 Audited Financial Statements One of the major items on the agenda is the consideration and approval of the 2025 Audited Financial Statements (AFS) . The review of the AFS is a critical step in the company’s financial reporting cycle and provides insight into Unilever Nigeria’s performance over the past financial year. The approval of the audited accounts is also a...

#MarketWrap || 2026 02 24 Recap || Nigerian Stocks Drop 90bps

  2026 02 24 Recap || Nigerian Stocks Drop 90bps as BUAFOODS, MTNN Slide; ... https://youtube.com/shorts/lLbAmMOHNv8?si=-fFLBuAbFqBqqtvm via @YouTube

#MarketWrap || Nigerian Stock Market Declines as ASI Drops 0.90% Amid Broad Selloffs

  Nigerian Stock Market Declines as ASI Drops 0.90% Amid Broad Selloffs The Nigerian equities market closed lower as the All‑Share Index (ASI) fell by 0.90% to 194,484.61 points , reflecting a sharp downturn across several major sectors. Market capitalization declined by N1.1 trillion , ending the session at N124.8 trillion . The decline highlights renewed investor caution amid ongoing macroeconomic pressures. Equities Market Weakens as Large‑Cap Stocks Decline The negative performance was driven by significant losses in key large‑cap stocks, including BUA Foods (-9.99%) , MTN Nigeria (-2.56%) , Stanbic IBTC (-5.35%) , and Nigerian Breweries (-1.03%) . Market breadth weakened to 0.65x , with 40 losers outpacing 26 gainers , underscoring broad selling pressure. Despite the bearish sentiment, Jaiz Bank recorded a full‑day gain of 10% , emerging as the top performer. On the downside, DAAR Communications and Tantalizer both declined by 10% , leading the laggards. Trading acti...

#CorporateAction || Ellah Lakes Plc Public Offer and ARPN Acquisition Updates

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  Ellah Lakes Plc Announces Closure of Public Offer and Provides Update on ARPN Acquisition Ellah Lakes Plc has formally announced the closure of its Public Offer for Subscription, marking an important update for investors and stakeholders following the company’s recent capital‑raising efforts. The agribusiness company, which has been pursuing strategic expansion initiatives, provided clarity on the outcome of the offer as well as progress on its proposed acquisition of Agro-Allied Resources & Processing Nigeria Limited (ARPN). Public Offer Closes Without Allotment The Public Offer, which opened on November 10, 2025 , and closed on December 19, 2025 , sought to raise up to ₦235 billion through the issuance of 18.8 billion ordinary shares at ₦12.50 per share . According to the company, the level of subscription did not meet the minimum threshold required for allotment . Because the offer fell short of the regulatory minimum, no shares will be allotted , and all subscripti...

#DirectorsDealing || Airtel Africa plc Buys Back Shares

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  Airtel Africa plc Buys Back 30,000 Shares at Up to 360.60p Under $100m Programme Published: 19 February 2026 | London & Lagos Airtel Africa plc has announced the purchase of 30,000 ordinary shares as part of its ongoing $100 million share buy-back program , reinforcing its commitment to enhancing shareholder value. The transaction, executed on 18 February 2026 , was carried out through Barclays Capital Securities Limited under authority previously granted by shareholders. Key Details of the Share Buy-Back Here’s a breakdown of the latest transaction: Total shares purchased: 30,000 Lowest price paid: 354.80p Highest price paid: 360.60p Volume-weighted average price (VWAP): 358.55p Date of purchase: 18 February 2026 The repurchased shares will be held in treasury , meaning they remain issued but are not currently in circulation. Updated Share Capital and Voting Rights Following the buy-back: Total ordinary shares in issue: 3,654,881,028 Treasury shares: 8,968,490 Total ...

#FloatAnalysis || UPDC Plc Secures NGX RegCo Extension Approval

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  UPDC Plc Secures NGX RegCo Approval for Two‑Year Free‑Float Compliance Extension UPDC Plc has announced that NGX Regulation Limited (NGX RegCo) has approved the company’s request for an extension of time to meet the Nigerian Exchange’s free‑float requirements. The approval grants UPDC a two‑year window, covering 2026 to 2028 , to fully resolve its free‑float deficiency and return to full post‑listing compliance. What the Extension Means The Nigerian Exchange mandates that companies listed on its Main Board maintain: 20% issued and fully paid share capital as free float , or ₦20 billion free‑float market capitalization The extension allows UPDC additional time to meet this threshold while continuing normal operations and maintaining transparency with shareholders. Regulatory Framework The approval aligns with Rule 3.1.4 of the Exchange’s Rules Governing Free Float Requirements. This rule empowers the Exchange to suspend trading in a company’s securities if it fails to ac...