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)

His innovative approach and dedication have made him a leader in the industry, pushing the boundaries of what’s possible in public relations.

His vision and expertise are shaping the future of the field, and his impact is undeniable. Let’s explore the journey that led to his success.

Olanrewaju Alaka, also known as Laerryblue, is a seasoned professional with a background in public relations and brand management.

Boasting over 8 years of hands-on experience, he has earned widespread recognition and numerous awards in the industry, to date, he has penned and successfully published more than 3,000 press releases and orchestrated over 300 media campaigns.

Olanrewaju embarked on his journey at Obafemi Awolowo University in Nigeria, where he began organizing parties and promoting clubs.

It was there that he discovered his passion for solving communication problems in whichever industry he finds himself. He’s been able to effectively and strategically use PR to build mutually beneficial relationships between organizations and their audiences.

With a diverse background that spans various industries, Olanrewaju has enriched his profile with an abundance of practical knowledge.

His portfolio includes leading high-profile projects with organizations such as Providus Bank, Keystone Bank, MTN, Veritasi Homes, Landwey Investment, Axon Analytics, Tenece Group, and Poshglowskincare.

Academically, he holds an MA in Public Relations from Sheffield Hallam University, United Kingdom, complemented by a BCS in Business Analysis.

Further enhancing his academic portfolio is a BA in German Language which he acquired from Obafemi Awolowo University and the Institute of International Communication in Berlin, Germany.

Equipped with expertise in public relations strategies, brand and talent management, Olanrewaju is primed to make significant contributions to company development in his forthcoming endeavors.

He has been featured on both local and international platforms, showcasing his expertise in the industry.

Olanrewaju specializes in public relations and brand management, offering tailored strategies for both B2B and B2C clients.

His impressive track record includes over 3,000 press releases and 300 media campaigns.

He is committed to delivering powerful strategies that enhance brand communication both online and offline, leveraging PR, content marketing, and social media to maximum effect.