Business

AIICO, Fidelity, May & Baker top stock pick this week

Published

4 months ago

May 11, 2026

Preport

Nigerian stocks advanced further last week, adding 1 per cent on the back of increased demand for Industrial Goods shares.

The benchmark equity interest has returned 57.3 per cent, barely four months into the year, highlighting a robust investor confidence in the market.

“Investor positioning is likely to remain tilted towards fundamentally strong and liquid names, particularly as Q1:2026 earnings releases continue to shape sentiment across sectors,” analysts at Meristem Securities said in their outlook for the week.

“Dividend considerations are also expected to remain a key driver of flows,” they added.

PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

AIICO Insurance

AIICO Insurance tops this week’s pick on the basis of its strong fundamentals. The insurer’s net profit ratio (NPR) is 17.1 per cent, while the price-to-earnings (PE) ratio is 7.4x. Its RSI is 60.2.

Fidelity Bank

Fidelity Bank makes the selection for trading below its intrinsic value. The NPR of the lender is 19.1 per cent, while the PE ratio is 4x. Its relative strength index (RSI) is 51.3.

May & Baker

May & Baker appears on the pick on the basis of its robust fundamentals. The NPR of the pharmaceutical company is 11.7 per cent, while the PE ratio is 16.7. The RSI is 56.3.

Cornerstone Insurance

Cornerstone makes the selection on the basis of its strong fundamentals. The underwriter’s NPR is 14 per cent, while the PE ratio is 13.1x. Its RSI is 58.2.

Ikeja Hotel

Ikeja Hotel makes the cut for trading below its intrinsic value. The PE ratio of the company is 5.5x, while the RSI is 60.3.

Related Topics:AIICO Baker Fidelity pick stock top Week

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Business

MTN Nigeria’s independent director, Kola-Oyeneyin, to exit board

Published

2 hours ago

August 29, 2026

Preport

WhatsApp Image 2026 08 29 at 13.06.31.jpeg

MTN Nigeria Communications Plc has announced the exit of Eyitope Kola-Oyeneyin, an Independent Non-Executive Director on its board.

MTN Nigeria disclosed this in a statement released on the Nigerian Exchange Limited (NGX) and signed by Uto Ukpanah, the company’s secretary, on Friday.

The telecommunications giant noted that Mrs Kola-Oyeneyin’s exit will take effect from 31 August, although MTN did not state the reason for her exit in the regulatory filing.

She joined the company’s board in December 2024.

The company extolled Mrs Kola-Oyeneyin’s contributions to the board and wished her success in her future endeavours.

“The Board extends its appreciation to Mrs. Kola-Oyeneyin for her invaluable service and wishes her the best in her future endeavours,” the company said.

Profile

Mrs Kola-Oyeneyin is a systems change leader and transformation expert with over 20 years of global experience as a senior adviser, operating executive, and policymaker across multiple African countries.

She is the Managing Partner of Augmentum Advisory, where she advises senior leaders on growth and value creation through digital transformation, policy innovation, and large-scale programme execution.

The outgoing independent director is also experienced in digital financial services and has extensive knowledge of the financial services landscape in Sub-Saharan Africa.

In July, the federal government approved her appointment as Chairperson of the Nigerian Investment Promotion Commission (NIPC).

Mrs Kola-Oyeneyin previously served as Head of First Bank’s International Banking business and as a Partner and inaugural co-lead of McKinsey’s Payments and Fintech Practice for Eastern Europe, the Middle East and Africa.

READ ALSO: MTN warns customers against fake promo

She has worked with players across Africa’s financial services value chain and led the development of initiatives including Cashless Lagos and the Shared Agent Network Expansion Facilities (SANEF) agent banking programme, which contributed to efforts to expand financial inclusion in Nigeria.

MTN Nigeria, which began operations in the country in 2001, is one of Nigeria’s largest telecommunications providers, serving more than 92 million people across the country and operating in 19 markets in Africa.

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Business

Nigeria Records 65,000 Suspected Cholera Cases, Over 10,000 Diphtheria Cases

Published

18 hours ago

August 28, 2026

Preport

Nigeria is facing significant outbreaks of cholera and diphtheria, with more than 65,000 suspected cholera cases recorded across 35 states and about 195 Local Government Areas. More than 10,000 confirmed diphtheria cases have also been reported in 2026.

The Director-General of the Nigeria Centre for Disease Control and Prevention (NCDC), Dr. Jide Idris, disclosed the figures in Abuja while providing an update on the country’s response to both outbreaks.

The NCDC has intensified disease surveillance and deployed National Rapid Response Teams to affected states, including Borno, which has recorded the highest number of cholera cases. Teams are investigating transmission sources and assessing water, sanitation and chlorination gaps.

To control cholera, authorities are bringing treatment closer to affected communities while expanding oral rehydration points, strengthening treatment centres, improving water chlorination and conducting oral cholera vaccination in high-burden areas.

The response to diphtheria is focused on reactive vaccination, early detection and treatment, particularly in Kano, Borno and Bauchi, where cases remain concentrated. Healthcare workers have also been urged to quickly identify, report and manage suspected cases.

The NCDC stressed that federal intervention alone cannot end the outbreaks. States and Local Governments must strengthen immunisation, improve access to safe water and sanitation, repair critical infrastructure and ensure communities have adequate treatment and rapid-response services.

Although declining cholera cases and improved survival rates are encouraging, the NCDC warned against complacency. Communities are advised to use safe water, practise good hygiene, prepare food safely and seek medical attention early. Anyone with frequent watery diarrhoea should begin oral rehydration immediately and visit a health facility, while parents and caregivers should ensure children are fully vaccinated against diphtheria.

The post Nigeria Records 65,000 Suspected Cholera Cases, Over 10,000 Diphtheria Cases appeared first on Business Today NG.