Industry news and update
DPH, The largest financial services in the world and contributes to the vitalization of household financial assets through providing high quality products and services. In addition to these, investment products that are suitable to the medium to long term asset building for individuals are developed…
How Economic Trends Shape Investment Portfolios In An Uncertain World
Investment performance is never shaped in isolation. It is deeply influenced by the broader economic environment in which capital is deployed. Inflation, interest rate movements, currency fluctuations, and global economic cycles all interact to determine how portfolios behave over time and how investors should position themselves for both risk and return. In practice, economic trends
Nigeria’s Foreign Reserves Rebound by $551 Million in May 2026
Nigeria’s foreign exchange reserves recorded a notable recovery in May 2026, rising by approximately $551 million within the first three weeks of the month after experiencing sustained pressure throughout April. Latest data released by the Central Bank of Nigeria (CBN) showed that gross external reserves increased from $48.34 billion on May 4 to $48.89 billion
DPH CAPITAL MARKETS DIGEST (18th -22nd May 2026)
The NGX week of 18–22 May 2026 saw a notable shift in market character, with gains concentrated in small-to-mid cap transport,
publishing, and energy names, while the paints sector which had dominated the prior two weeks gave back significant ground. Associated
Bus Company PLC led the gainers at +44.82% to ₦9.08, followed by Academy Press (+29.79%) and University Press (+28.00%)
signalling a rotation into previously overlooked low-cap value names. Zichis Agro Allied Industries resumed its upward trend with a
+14.34% gain to ₦33.65, recovering from the prior week’s consolidation, while Oando PLC gained +11.70% to ₦52.50 as energy stocks
benefited from positioning ahead of the week’s oil price moves. On the decliners side, Sovereign Trust Insurance led losses at -22.45%,
while CAP PLC (-14.85% to ₦199.00) and Berger Paints (-12.64% to ₦147.60) experienced expected profit-taking after their
extraordinary multi-week rallies. Trans-Nationwide Express shed -18.98%.
CBN retains MPR at 26.5% as MPC concludes 305th meeting
CBN retained the Monetary Policy Rate (MPR) at 26.5% during its May 2026 Monetary Policy Committee (MPC) meeting. The decision reflects the apex bank’s cautious approach toward managing inflation, stabilizing the naira, and sustaining investor confidence in Nigeria’s economy.
DMO Opens N600 Billion FGN Bond Re-Opening Auction Amid Elevated Yield Environment
The Debt Management Office (DMO), on behalf of the Federal Government of Nigeria, has opened a N600 billion bond re-opening auction scheduled for Monday, May 18, 2026, with yields reaching as high as 22.60%. The offering comprises two previously issued Federal Government bonds across the 10-year and 20-year tenor segments, reinforcing the government’s continued reliance
Nigeria’s Fixed Income Market Delivers Strong Sovereign Returns in Q1 2026
Nigeria’s fixed-income market recorded some of its strongest sovereign yield performances in recent years during the first quarter of 2026, before a gradual easing cycle began to moderate returns across the yield curve. A review of primary market auction data from the Central Bank of Nigeria (CBN) and the Debt Management Office (DMO) shows that
DPH CAPITAL MARKETS DIGEST (11th–15th May 2026)
The NGX week of 11–15 May 2026 saw a powerful rotation into paints, media, healthcare, and real estate names, with Berger Paints PLC leading the gainers at +55.57% to ₦168.95 extending the paints sector re-rating that began with CAP PLC the prior week. SCOA Nigeria PLC surged +45.92%, while Daar Communications (+42.41%) and Fidson Healthcare (+32.52%) signalled broadening market breadth across consumer and healthcare names. Learn Africa (+32.32%), Mecure Industries (+30.72%), and Chams Holding (+29.03%) rounded out a diverse top ten. On the decliners side, Zichis Agro Allied Industries led losses at -11.78% to ₦29.43 a natural pullback after three consecutive weeks of extraordinary gains totalling over 170%. The Initiates PLC (-10.03%) and NPF Microfinance Bank (-10.00%) also featured, while Stanbic IBTC Holdings continued to face selling pressure at -7.91% to ₦163.00.
DPH CAPITAL MARKETS DIGEST (4th–8th May 2026)
The NGX week of 4–8 May 2026 was headlined by exceptional gains in paints, agro-allied, and consumer staples, with CAP PLC surging +60.95% to ₦233.70 the standout performer of the week and the strongest gain by a large-cap industrial in recent months. Zichis Agro Allied Industries extended its remarkable multi-week run with a further +53.17% gain to ₦33.36, while FTN Cocoa Processors jumped +50.91%. RT Briscoe (+40.98%), Dangote Sugar Refinery (+33.43%), and Berger Paints (+32.84%) rounded out a week dominated by consumer-facing and industrial names. On the decliners side, Nigerian Aviation Handling Company (NAHCO) led losses at -20.95%, followed by Guinness Nigeria (-18.99%) and Access Holdings (-12.59%). MTN Nigeria shed -12.45% to ₦801.10, reflecting profit-taking in the telecoms sector after recent strength.
MARKET OVERVIEW & WEEKLY COMMENTARY — 27th–30th APRIL 2026
The NGX week of 27th–30th April 2026 saw continued momentum in consumer goods and industrials, with Zichis Agro Allied Industries leading the gainers at +39.62% to ₦21.78 building on its 25.71% gain the prior week, confirming sustained institutional interest in the agro-allied sector. The Initiates PLC surged +33.04%, followed by UACN PLC (+27.82% to ₦181.50) extending its remarkable two-week rally that has now seen the conglomerate gain over 80% from ₦100. BUA Cement (+24.78%), CAP PLC (+22.53%), and Lafarge Africa (+18.68%) continued the industrials and building materials rotation. On the decliners side, United Bank for Africa led losses at -22.27%, reflecting broad profit-taking in banking stocks following their strong prior-week performance. Royal Exchange PLC shed -20.00%, while Trans-Nationwide Express reversed its prior-week gains with a -18.99% drop.
MARKET OVERVIEW & WEEKLY COMMENTARY — (20th–24th APRIL 2026)
The NGX week of 20–24 April 2026 delivered a notable rotation back into mid-to-large cap consumer goods and conglomerates, with UACN PLC leading the gainers at +42.00% to ₦142.00 the most significant weekly gain by a blue-chip conglomerate in recent months. Union Dicon Salt (+32.73%), NASCON Allied Industries (+32.63%), and Trans-Nationwide Express (+30.58%) rounded out a strong top four, all exceeding 30% weekly gains. Notably, Lafarge Africa (+21.36%), PZ Cussons (+18.81%), First HoldCo (+17.19%), and Unilever Nigeria (+17.13%) also featured signalling broad institutional buying across Consumer Goods, Industrials, and Financial Services. On the decliners side, Infinity Trust Mortgage Bank led losses at -50.79%, reflecting the extreme volatility that continues to characterise low-cap mortgage and insurance stocks. Stanbic IBTC Holdings shed -13.82% to ₦162.50, the most notable large-cap decliner of the week.
Deutsche Partners Holding Appoints Three New Non-Executive Independent Directors
Deutsche Partners Holding (DPH), a leading development finance institution, has announced the appointment of three distinguished Nigerians to its Board as Non-Executive Independent Directors.
Nigerian Stock Market Investment Report
The Nigerian equities market has shown significant resilience and growth in the first half of 2026.
This report highlights seven key stocks across the Telecommunications, Banking, Agriculture, and
Consumer Goods sectors that present compelling investment opportunities based on their current
valuation, market position, and growth prospects. By leveraging real-time data from the Nigerian
Exchange (NGX) and reliable market intelligence, we provide a comprehensive analysis for
potential investors.
NGX Extends Trading Hours
The Nigerian Exchange Limited (NGX) has announced an extension of its daily trading hours in a move aimed at deepening market activity, improving liquidity, and broadening investor participation in Nigeria’s capital market. The new trading schedule will take effect from Monday, 27 April 2026, following regulatory approval from the Securities and Exchange Commission Nigeria.
DPH CAPITAL MARKETS DIGEST
The Nigerian Exchange (NGX) enters the week of 20 April on extraordinary momentum. The All-Share Index (ASI) closed last Friday 17 April at a new all-time high of 217,167.57 points a weekly gain of +6.20% (+12,679 points), marking the 12th consecutive bullish trading session. Market capitalisation surged to ₦139.8 trillion, representing a gain of ₦8.89 trillion in a single week. The Banking sector led with +11.85% for the week and Oil & Gas gained +17.59%, driven by Zenith Bank, GTCO, Seplat, and Aradel. Q1 2026 delivered N29.83 trillion in total market gains the largest first-quarter gain in Nigeria’s stock market history. The NGX ASI is up approximately 40% year-to-date, establishing Nigeria as one of the world’s best-performing equity markets in 2026.
DPH CAPITAL MARKETS DIGEST – (MARKET WEEKLY COMMENTARY 7th–10th APRIL 2026)
The Nigerian Exchange (NGX) for the week of 7–10 April 2026 recorded a notable rotation: quality large-cap names headlined the gainers list a clear shift from the micro-cap recovery plays and thinly traded names that dominated previous weeks. Trans-Nationwide Express led with +32.75%, while NGX Group itself (+13.94%), GTCO (+10.66%), NASCON (+9.52%), Guinness Nigeria (+9.38%), and Zenith Bank (+8.74%) all featured prominently. The appearance of GTCO, Zenith Bank, Guinness and Nestle Nigeria on the gainers list signals broad-based institutional buying returning to blue-chip counters. On the decliners side, Daar Communications (-21.47%) and RT Briscoe (-20.00%) led losses, with many small-cap and insurance names also retreating.
