Business

Zenith, Fidson, NEM top stock pick this week

Published

1 day ago

October 5, 2026

Nigerian stocks slightly depreciated last week, sliding by 0.5 per cent as sell pressure on bank equities weighed on the main stock index.

All but the insurance index dropped out of the five sector indexes tracked by the Nigerian Exchange.

“Investor positioning ahead of Q3:2026 earnings should provide additional support, particularly as expectations build around the Tier-1 banks’ results,” analysts at Meristem Securities said in a note to investors ahead of the week.

“The ongoing impact of Nigeria’s FTSE Russell reclassification should also keep trading activity elevated and sustain interest in eligible large-cap stocks,” they added.

The release of companies’ Q3 earnings reports is expected to begin soon.

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.

READ ALSO: DN Tyre & Rubber, Greif Nigeria delisted from Nigerian Exchange

Zenith Bank

Zenith tops this week’s list for its strong fundamentals and for trading below its intrinsic value. The net profit ratio (NPR) of the lender is 21.8, while the price-to-earnings (PE) ratio is 5.3x. Its 14-day relative strength index (RSI) is 68.

Fidson Healthcare

Fidson appears on the pick on the basis of its attractive fundamentals. The NPR of the pharmaceutical company is 7.8, while the PE ratio is 18.8x. The 14-day RSI is 51.2.

NEM Insurance

NEM makes the selection for its strong fundamentals and for trading below its intrinsic value. The insurer’s NPR is 15.7, while the PE ratio is 5.6x. Its 14-day RSI is 43.2.

Stanbic IBTC Holdings

Stanbic IBTC makes the cut for its sound fundamentals. The NPR of the banking group is 34.5, while PE ratio is 5.9x. The 14-day RSI is 69.5.

Aradel Holdings

Aradel makes the cut for its sound fundamentals. The NPR of the energy company is 28.4, while the PE ratio is 8.7x. The RSI is 50.8.

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Related Topics:Fidson NEM pick stock top Week Zenith

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Business

NIA Leadership Visits NAICOM, Pledges Stronger Industry-Regulator Collaboration

Published

2 hours ago

October 6, 2026

PlateauReports

The leadership of the Nigerian Insurers Association (NIA), led by its Chairman, Mrs. Ebelechukwu Nwachukwu, has paid a courtesy visit to the National Insurance Commission (NAICOM), pledging stronger collaboration between insurers and the regulator.

The visit centred on advancing the Nigerian Insurance Industry Reform Agenda (NIIRA) 2025 and the Risk-Based Capital (RBC) project, both seen as key to making the insurance market more resilient, competitive and sustainable.

The meeting also afforded both institutions the opportunity to exchange views on strategic initiatives aimed at strengthening market capacity, improving operational efficiency, deepening insurance penetration, and fostering a more robust risk management culture across the industry.

The engagement underscores the importance of sustained partnership between industry operators and the regulator in driving reforms, strengthening policyholder confidence, promoting financial stability, and positioning the Nigerian insurance sector for sustainable growth and increased contribution to national economic development.

The post NIA Leadership Visits NAICOM, Pledges Stronger Industry-Regulator Collaboration appeared first on Business Today NG.

Business

Seven-Up Bottling Company advances community wellbeing

Published

10 hours ago

October 6, 2026

PlateauReports

WhatsApp Image 2026 10 05 at 7.36.04 PM 2.jpeg

Seven-Up Bottling Company Ltd. (SBC), in collaboration with the Apapa-Iganmu Local Council Development Area (LCDA), has unveiled the rehabilitated Sari-Iganmu Primary Health Centre, following a comprehensive rehabilitation project undertaken by SBC to improve healthcare delivery and community wellbeing.

The facility now features a renovated maternity ward, a newly constructed and equipped laboratory, and solar power infrastructure, providing a safer, more functional, and better-equipped environment for healthcare workers and patients.

Unveiling of the rehabilitated Sari-Iganmu Primary Health Centre, — **Unveiling of the rehabilitated Sari-Iganmu Primary Health Centre**

The event brought together Seven-Up Bottling Company Managing Director & CEO, Sari El-Khalil; HRM Oba Abdulfatai Oyeyinka Aremu Aromire II, the Ojora of Ijora and Iganmu Kingdom; Executive Chairman of Apapa-Iganmu LCDA, Hon. Jimoh Olawale Saliu; Chairman, House Committeeon Health, Hon. Lawal Aina Musbau; alongside government officials, community leaders, healthcare professionals and other stakeholders.

Apapa-Iganmu holds a special place in Seven-Up Bottling Company’s history, as the company rolled out its first bottle of 7UP from the community in 1960.

More than six decades later, Seven-Up Bottling Company continues to invest in the community that has been part of its story from the beginning.

The intervention aligns with SDG 3 – Good Health and Well-being, reflecting SBC’s continued commitment to healthcare, community development and creating meaningful, lasting impact.