Indigenous pension funds and institutional investors are also rekindling their interest in the Nigerian market, injecting renewed vigor into equities trading. This resurgence in confidence forms a virtuous cycle, driven by the pursuit of superior returns amidst an inflationary environment, thereby elevating the appeal of equities. Particularly, banking stocks are in the limelight, fueled by anticipated robust earnings and dividend payouts.
According to reports, last year’s SWOOTs, at some point, included MTN Nigeria, Dangote Cement, Airtel Africa, BUA Foods, BUA Cement, Zenith Bank, Guaranty Trust Holding Company Plc (GTCO Plc), and Seplat Energy. Joining their ranks more recently were Access Holdings, United Bank for Africa (UBA), Transcorp Hotels, and Geregu Power, First Bank of Nigeria (FBN) Holdings and Dangote Sugar, but due to the fluctuating nature of the market, some of these additions may have dipped below the ₦1 trillion market cap mark.
