GlobalView Capital Limited

GlobalView Capital Limited “Globalview Capital Limited is registered and regulated by the Securities and Exchange Commission, Nigeria."

"Globalview Capital Limited is a trading license holder and broker/dealer of the Nigerian Exchange Group”

BUA Foods Plc — H1 2026 PerformanceBUA Foods Plc delivered a mixed first-half performance in 2026. While revenue decline...
07/08/2026

BUA Foods Plc — H1 2026 Performance

BUA Foods Plc delivered a mixed first-half performance in 2026. While revenue declined significantly, the company still managed to grow its profits and earnings per share.

Revenue fell by 16.2% to ₦765.1 billion, compared with ₦912.5 billion in H1 2025. This means the company generated less revenue than it did a year earlier.

However, despite the decline in revenue, profitability improved. Profit Before Tax increased by 14.0% to ₦314.9 billion, while Profit After Tax rose by 12.4% to ₦292.3 billion. This suggests that the company was able to maintain or improve its profitability despite generating lower revenue.

Earnings Per Share (EPS) also increased from ₦14 to ₦16, representing a 12.4% growth. In simple terms, each share generated more earnings for investors than it did in the same period last year.

At the current share price of ₦845.10, BUA Foods trades at a P/E ratio of 52.8x, meaning investors are paying about ₦53 for every ₦1 the company currently earns. Its 1.89% earnings yield also shows that the stock is trading at a relatively high valuation compared with its current earnings.

Nestlé Nigeria Plc — H1 2026 PerformanceNestlé Nigeria Plc delivered a strong first-half performance in 2026, with reven...
07/08/2026

Nestlé Nigeria Plc — H1 2026 Performance

Nestlé Nigeria Plc delivered a strong first-half performance in 2026, with revenue growing by 12.0% and profit before tax increasing by more than 40% compared with the same period last year.

Revenue rose to ₦650.8 billion, up from ₦581.2 billion in H1 2025. This shows the company generated more income from its operations during the period.

The bigger improvement came from profitability. Profit Before Tax jumped by 43.4% to ₦126.8 billion, while Profit After Tax increased by 28.1% to ₦64.8 billion. This means profits grew considerably faster than revenue, suggesting the company was able to improve its profitability during the period.

Earnings Per Share (EPS) also increased from ₦64 to ₦82, representing a 28.1% growth. In simple terms, the earnings attributable to each share were higher than they were a year ago.

At the current share price of ₦2,812.50, Nestlé Nigeria trades at a P/E ratio of 34.3x, meaning investors are paying about ₦34 for every ₦1 the company currently earns. Its 2.91% earnings yield provides another way of looking at the company’s earnings relative to its share price.

MTN Nigeria Plc — H1 2026 PerformanceMTN Nigeria delivered a strong first-half performance in 2026, with revenue growing...
07/08/2026

MTN Nigeria Plc — H1 2026 Performance

MTN Nigeria delivered a strong first-half performance in 2026, with revenue growing by 25.9% and profits increasing by more than 70% compared with the same period last year.

Revenue rose to ₦2.99 trillion, up from ₦2.38 trillion in H1 2025. This means MTN generated significantly more income from its operations during the period.

The bigger story, however, was profitability. Profit Before Tax jumped by 75.4% to ₦1.09 trillion, while Profit After Tax increased by 70.6% to ₦707.5 billion. In other words, the company wasn’t just generating more revenue—it was keeping significantly more of it as profit.

This improvement was also reflected in Earnings Per Share (EPS), which increased from ₦20 to ₦34, representing a 70.5% increase. This means the earnings attributable to each share increased substantially compared with last year.

At the current share price of ₦857.10, MTN Nigeria trades at a P/E ratio of 25.2x, meaning investors are paying about ₦25 for every ₦1 the company currently earns. Its 3.97% earnings yield provides another way of looking at the earnings generated relative to the current share price.

The company also declared a ₦26 dividend per share, translating to a dividend yield of 3.03% based on the current share price.

MARKET PERFORMANCE REPORT & DAILY PRICELIST FOR 5TH AUGUST 2026 Transactions on the floor of the Stock Exchange on Wedne...
05/08/2026

MARKET PERFORMANCE REPORT & DAILY PRICE
LIST FOR 5TH AUGUST 2026


Transactions on the floor of the Stock Exchange on Wednesday, August 5th, 2026, closed the third day of the week on a negative note. The All Share Index depreciated by 0.36%, to settle at 243,927.66 points from its previous close of 244,802.83. This brings the year-to-date gain to 57.01%, the month-to-date gain to -0.61%, and the week-to-date gain to -0.61%

Market Capitalisation closed at N157,450 trillion. An aggregate of 757,750,722 unit shares were traded in 45,975 deals, valued at N21,068,757,263.58

Market Breadth
Market breadth closed negative, with 19 equities rising and 31 declining.

Nigerian Breweries Plc recorded a modest improvement in its first-half 2026 performance, with both revenue and profits i...
04/08/2026

Nigerian Breweries Plc recorded a modest improvement in its first-half 2026 performance, with both revenue and profits increasing compared to the same period last year.

Revenue grew by 8.9% to ₦803.7 billion, compared with ₦738.1 billion in H1 2025. This means the company generated more income from its business during the period.

Profitability also improved. Profit Before Tax increased by 18.2% to ₦156.3 billion, while Profit After Tax rose by 5.1% to ₦93.0 billion. This shows that the company remained profitable and delivered higher earnings despite the challenging operating environment.

Earnings Per Share (EPS) increased from ₦2.85 to ₦3.00, a 5.3% improvement, meaning each share generated slightly more earnings than it did a year ago.

At the current share price of ₦75, the stock trades at a P/E ratio of 25x. In simple terms, investors are paying about ₦25 for every ₦1 the company currently earns. Its 4% earnings yield provides another way of viewing the stock’s current earnings relative to its price.

VFD Group Plc delivered a very strong first-half performance in 2026, with revenue growing by 30.5% and profits more tha...
04/08/2026

VFD Group Plc delivered a very strong first-half performance in 2026, with revenue growing by 30.5% and profits more than doubling compared with the same period last year.

Revenue increased to ₦53.7 billion, up from ₦41.2 billion in H1 2025. More impressively, Profit Before Tax jumped by 98.4% to ₦12.0 billion, while Profit After Tax more than doubled, rising by 100.8% to ₦10.1 billion.

This strong improvement was also reflected in Earnings Per Share (EPS), which increased from 29 kobo to 62 kobo, representing a 113.8% increase. In simple terms, the company generated more than twice the earnings attributable to each share compared with the same period last year.

At the current share price of ₦11.95, VFD Group trades at a P/E ratio of 19.27x, meaning investors are paying about ₦19 for every ₦1 the company currently earns. Its Earnings Yield of 5.18% provides another way of looking at the stock’s earnings relative to its current price.

The company also declared a ₦0.24 dividend per share, giving investors a dividend yield of 2.01% based on the current share price.

Bottom line: VFD Group delivered an impressive set of half-year results. Revenue grew strongly, but the standout performance was profitability, with after-tax profit more than doubling and EPS increasing by over 100%. The combination of strong earnings growth and a dividend makes the results positive, although investors will want to see whether the company can sustain this momentum through the rest of 2026.

The Initiates Plc delivered a strong first-half performance in 2026, with revenue and profits recording significant grow...
04/08/2026

The Initiates Plc delivered a strong first-half performance in 2026, with revenue and profits recording significant growth compared to the same period last year.

Revenue more than doubled, rising by 105.1% to ₦6.95 billion, compared with ₦3.39 billion in H1 2025. This shows a substantial increase in the income generated by the company during the period.

Profitability also improved significantly. Profit Before Tax increased by 119.6% to ₦2.99 billion, while Profit After Tax rose by 89.3% to ₦1.75 billion. In other words, the company not only generated more revenue but also converted that growth into substantially higher profits.

Earnings Per Share (EPS) is shown as ₦1 for both periods in the table, although the reported percentage change is -15.38%. This suggests the underlying EPS declined but was rounded to ₦1 in the summary, so investors should look at the detailed financial statements for the exact figure.

At the current share price of ₦28, the stock trades at a P/E ratio of 31.8x, meaning investors are paying about ₦32 for every ₦1 the company currently earns. Its Earnings Yield of 3.14% indicates the earnings generated per naira invested at the current price.

The company also declared a 20-kobo dividend per share, giving investors a dividend yield of 0.71% based on the current share price.

Fidson Healthcare Plc delivered a strong first-half performance in 2026, recording healthy growth in revenue and profits...
29/07/2026

Fidson Healthcare Plc delivered a strong first-half performance in 2026, recording healthy growth in revenue and profits despite a slight decline in earnings per share.

Revenue increased by 18.9% to ₦74.5 billion, up from ₦62.6 billion in the first half of 2025. This means the company generated more income from the sale of its pharmaceutical products during the period.

Profitability also improved significantly. Profit Before Tax rose by 30.1% to ₦11.7 billion, while Profit After Tax increased by 28.2% to ₦7.7 billion, showing that the company converted its higher sales into stronger profits.

However, Earnings Per Share (EPS) declined slightly from 263 kobo to 257 kobo, a drop of 2.3%. This means that although the company earned more overall, the profit attributable to each share was marginally lower, which could be due to an increase in the number of shares outstanding or other capital-related adjustments.

At the current share price of ₦100, the stock trades at a Price-to-Earnings (P/E) ratio of 38.9x, meaning investors are paying nearly ₦39 for every ₦1 the company currently earns. This translates to an Earnings Yield of 2.57%, suggesting the market has relatively high expectations for the company’s future growth.

NPF Microfinance Bank Plc delivered a steady first-half performance in 2026, recording moderate growth in revenue, profi...
29/07/2026

NPF Microfinance Bank Plc delivered a steady first-half performance in 2026, recording moderate growth in revenue, profits, and earnings compared to the same period last year.

Revenue increased by 14.0% to ₦9.82 billion, up from ₦8.62 billion in the first half of 2025. This means the bank generated more income from its lending and other banking activities during the period.

Profitability also improved, although at a slower pace than revenue. Profit Before Tax rose by 7.7% to ₦3.20 billion, while Profit After Tax increased by 5.7% to ₦2.04 billion. Earnings Per Share (EPS) also grew slightly from 32 kobo to 34 kobo, representing a 6.3% increase, meaning shareholders earned a little more for every share they own.

At the current share price of ₦4.90, the stock trades at a Price-to-Earnings (P/E) ratio of 14.4x, meaning investors are paying about ₦14 for every ₦1 the company currently earns. This translates to an Earnings Yield of 6.9%, which is relatively attractive compared to many companies currently trading at much higher valuations.

HBM Nigeria Plc (formerly known as WAPCO) delivered an impressive first-half performance in 2026, recording strong growt...
29/07/2026

HBM Nigeria Plc (formerly known as WAPCO) delivered an impressive first-half performance in 2026, recording strong growth in revenue, profits, and shareholder earnings compared to the same period last year.

Revenue increased by 31.2% to ₦678.4 billion, up from ₦517.0 billion in the first half of 2025. This means the company generated significantly more income from its business operations during the period.

Profit growth outpaced revenue growth. Profit Before Tax rose by 59.1% to ₦317.7 billion, while Profit After Tax increased by 57.0% to ₦208.3 billion. Earnings Per Share (EPS) also climbed from 824 kobo to 1,293 kobo, a 56.9% increase, meaning shareholders earned substantially more for every share they own.

At the current share price of ₦365, the stock trades at a Price-to-Earnings (P/E) ratio of 28.2x, meaning investors are paying about ₦28 for every ₦1 the company currently earns. This translates to an Earnings Yield of 3.54%, indicating the market continues to place a premium on the company’s earnings and future growth prospects.

The company also declared an interim dividend of ₦16.00 per share, giving shareholders a dividend yield of 4.38% based on the current share price.

Address

Right House, No 43 Adeniyi Jones Ikeja
Lagos

Opening Hours

Monday 08:00 - 17:00
Tuesday 08:00 - 17:00
Wednesday 08:00 - 17:00
Thursday 08:00 - 17:00
Friday 08:00 - 17:00

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+2348085490006

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