ADVERTISEMENT
TechEconomy
Wednesday, May 28, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » NNPC, Nigeria Reinsurance, Four Other Possible Listings on the NGX in 2024 – Afrinvest

NNPC, Nigeria Reinsurance, Four Other Possible Listings on the NGX in 2024 – Afrinvest

Techeconomy by Techeconomy
January 9, 2024
in Finance
1
Ike chioke, MD Afrinvest West Africa
Ike Chioke, Managing Director of Afrinvest (West Africa) Limited

Ike Chioke, Managing Director of Afrinvest (West Africa) Limited

RelatedPosts

Nigerian Corporate Prosperity in Harsh Economic Times

The Puzzle of Nigerian Corporate Prosperity in Harsh Economic Times

May 28, 2025

AfDB: Nigeria’s Inflation will Drop to 17.3% in 2026

May 28, 2025

Afrinvest (West Africa) Limited, an investment management holding company, has predicted six companies that may be listed on the Nigerian Exchange Group (NGX) in 2024.

The Company in its latest outlook report titled ‘Pulling Back from the Precipice’, said NNPC limited, Veritasi Homes, Nigeria Reinsurance, Nigeria Machine Company, Haldane McCall, and Eleme Petrochemicals are possible listings on the NGX.

“The debut listing of VFD Group Plc and Mecure Industries Plc on the Nigerian equities market resulted in an inflow of N86.5 billion as of December 15, 2023,” the report said.

It said the entrants have contributed to the deepening of the market, and the NGX would anticipate additional listings to further enhance market depth,” the report said.

The report also revealed that the top 10 performing stocks in 2023 are Transcorp Hotels at 1,022.9 percent, Chams with 795.5 percent, CWG at 721.8 percent and Transcorp at 666.4 percent.

Others are MRS Oil (644.7 percent), Northern Nigeria Flour Mills (639.8 percent), Japual Gold and Ventures (507.1 percent), Ikeja Hotel (471.4 percent), FTN Cocoa processors (410.3 percent), Skyway Aviation Handling Company (407.0 percent).

The equities market closed last year with a capitalisation of N40.9 trillion and NGX All Share Index at 74,773.7 points. The market finished 2023 with returns of 45.9 percent.

“The equity market has benefited from recent government reforms, but challenges like inflation and fuel price rigidity persist,” analysts at Vetiva Research said in their latest outlook report.

They added that the market’s future trajectory will depend on how these issues are addressed and the government’s commitment to reform implementation, making it a landscape to watch closely in 2024.

“The market outlook remains mixed, with the potential for a currency devaluation by the Central Bank of Nigeria to combat currency pressures not entirely ruled out.

“Simultaneously, the CBN’s increase in stop rates at its primary auction reflects a cautious approach to monetary policy. Investors will closely monitor the pace and sustainability of these reforms and the government’s dedication to their effective implementation,” they added.

On the outlook on consumer goods, Afrinvest noted that they are less bullish on the sector due to the expectation of continued cost pressure on raw material items due to lingering inflationary and FX illiquidity.

“We are mildly bullish on the sector as players are expected to drive higher mobile penetration, however, weak purchasing power could negatively impact our outlook,” it said for the telecoms sector.

For the banking sector, the firm said it is cautiously optimistic and it is hinged on expected normalisation in banks earnings (post positive FX revaluation gain in 2023). (Independent)

Loading

Advertisements
MTN ADS

Author

  • Techeconomy
    Techeconomy

    View all posts
0Shares
Tags: AfrinvestHaldane McCallNigeria Machine CompanyNigeria ReinsuranceNNPC LimitedVeritasi Homes
Previous Post

ALTON Worried Over MTN – Glo Interconnect (Debt) Faceoff

Next Post

UBA Surpasses N1trn Market Capitalisation, N29.90 per Share Value

Techeconomy

Techeconomy

Related Posts

Nigerian Corporate Prosperity in Harsh Economic Times
Finance

The Puzzle of Nigerian Corporate Prosperity in Harsh Economic Times

by Techeconomy
May 28, 2025
0

In the first quarter of 2025, a curious paradox is playing out across Nigeria’s economic landscape. Discerning observers will notice...

Read more
Youth in Sub-Saharan Africa prefer money to personal happiness | AfDB and Inflation in Nigeria

AfDB: Nigeria’s Inflation will Drop to 17.3% in 2026

May 28, 2025
fresh loans | A Call for Dialogue and Collaboration - #EndBadGovernance - IMF

Why Tinubu Wants NASS to Approve Fresh $21.5 billion Loans

May 28, 2025
Nairawatch, Naira, Exchange Rate, FX Market, Dollar, CBN Rates, Foreign Exchange

Naira Falls in Official Market, Closes at N1,584/$1

May 28, 2025
Africa's Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

Africa’s Cross-Border Payments to Hit $1tr by 2035, Facing $5bn in Annual Inefficiencies

May 27, 2025
NairaWatch, Naira and dollar

Naira Strengthens for Seventh Consecutive Day, Closes at N1,579/$1 in Official Market

May 27, 2025
Next Post
UBA and AfDB Plc

UBA Surpasses N1trn Market Capitalisation, N29.90 per Share Value

Comments 1

  1. Pingback: Kyari Advocates Academia-Industry Collaboration for Energy Sufficiency, Sustainability - Tech | Business | Economy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.