Utica Capital Limited

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Nigeria's headline inflation rose to 15.69% YoY in April 2026 from 15.38% YoY in March, driven by higher food and core inflation. Food prices increased due to supply constraints, higher transport costs, and seasonal pressures, while higher fuel prices continued to raise transport and hospitality costs. However, monthly inflation slowed sharply to 2.13% MOM from 4.18% MOM in March, suggesting the pace of new price increases moderated during the month. This was supported by a stronger Naira, more stable energy prices, and easing prices in some food commodities. #marketupdate

Your stomach acid is so strong that it can dissolve metal objects like razor blades over time. With a pH level as low as 1–3, stomach acid plays a powerful role in breaking down food and protecting the body from harmful bacteria. The human body truly is incredible. #FunFactFriday #DidYouKnow #UticaCapital #StayCurious Utica Capital Limited is an asset management company, registered with the Securities and Exchange Commission (SEC), Nigeria as a fund/portfolio management firm.

Your stomach acid is so strong that it can dissolve metal objects like razor blades over time. With a pH level as low as 1–3, stomach acid plays a powerful role in breaking down food and protecting the body from harmful bacteria. The human body truly is incredible. #FunFactFriday #DidYouKnow #UticaCapital #StayCurious Utica Capital Limited is an asset management company, registered with the Securities and Exchange Commission (SEC), Nigeria as a fund/portfolio management firm.

Nigerian National Petroleum Company Limited (NNPC Ltd) signed a Memorandum of Understanding (MoU) with two Chinese firms to support the rehabilitation and expansion of the Port Harcourt and Warri refineries. The MoU outlines the intention of both parties to collaborate on refinery operations, maintenance, and future expansion before any final binding agreements are made. This shows how an MoU serves as an important first step in business partnerships by establishing shared goals, responsibilities, and areas of cooperation. #wordoftheweek

Happy Birthday to a valued member of the Utica team! 🎉 Your hard work, positivity, and commitment do not go unnoticed, and we’re grateful for the impact you make every day. Wishing you joy, success, good health, and many more achievements in the year ahead. Have an amazing celebration! ✨ #HappyBirthday #TeamUtica #CelebratingYou

Dangote Cement Plc is reviving plans for a secondary listing on the London Stock Exchange, targeting a float of about 10% of its shares, potentially by September 2026. The move follows UK FCA reforms that have made London listings more flexible and attractive. The listing aligns with its expansion strategy to reach 100 million tonnes capacity by 2030, giving the company access to deeper global capital for infrastructure and regional growth. If successful, it is expected to strengthen foreign investor participation, improve liquidity, and enhance global visibility of Nigerian corporate assets, subject to market and geopolitical conditions. #marketupdate

Did you know? The average golf ball has 336 dimples — and they’re not just for design. Those tiny dimples help reduce air resistance and improve lift, allowing the ball travel farther and faster. Sometimes, it’s the smallest details that create the biggest impact. #FunFactFriday #DidYouKnow #FridayFacts

Airtel Africa’s planned listing of Airtel Money highlights how companies can unlock hidden value by separating high-growth business segments from traditional structures. By spinning off its fintech arm, Airtel Africa aims to improve transparency, attract the right investor base, and allow the market to properly value its fast-growing digital financial services business. This is a classic example of value unlock — where strategic restructuring helps reveal the true worth of an asset that may be undervalued within a larger group structure. #wordoftheweek

Nigeria’s private sector slipped into contraction in April, with the Purchasing Managers’ Index falling to 49.4 from 53.2, driven by weaker demand and rising input costs, especially in industry and services. The slowdown reflects growing business caution, with reduced output and new orders likely to weigh on corporate earnings and near-term economic growth. While activity may remain subdued due to high energy costs, resilience in agriculture and improved FX stability could provide some support. #marketupdate

Today, we celebrate the people who show up, stay committed, and keep building. Behind every milestone, every decision, and every success story are individuals whose consistency and dedication drive real results. At Utica Capital Limited, we recognise that our greatest strength is our people. Their resilience. Their focus. Their commitment to doing things right, even when no one is watching. This Workers’ Day, we honour the value of honest work and the people who make progress possible every single day. Happy Workers’ Day. #WorkersDay #WorkWithPurpose #PeopleFirst #UticaCapitalLimited

Yesterday at the AFRETEC-UNILAG Innovation in Health Challenge held at University of Lagos, the conversation was about more than innovation. It was about access. About dignity. About who gets included in the future we are building. Across the discussions, one truth stood out clearly. Disability is not a barrier to talent, ideas, or contribution. What limits people is not ability, but systems that fail to include them. That message reflected strongly in the quality of ideas presented, many of which were focused on improving healthcare access and building assistive solutions designed with real users in mind. From over 100 teams across 24 universities, a select group of innovators progressed through a rigorous process that tested not just creativity, but relevance and real-world application. The Managing Director of Utica Capital Limited, Ola Belgore, was present and also served as one of the judges, engaging directly with the teams and evaluating solutions built around accessibility, inclusion, and healthcare impact. His presence reinforced a simple but powerful belief that defines Utica Capital Limited. That disability is not a limitation, and inclusion is not optional. It is essential to how progress is built and sustained. At Utica Capital Limited, we continue to align with opportunities that reflect this belief. Spaces where innovation meets empathy, and where impact is measured not only by ideas, but by who those ideas reach. Because real progress leaves no one behind. #AFRETEC #Unilag #HealthInnovation #InclusionMatters #UticaCapitalLimited #ImpactDriven #Accessibility #UticaCares

President Bola Ahmed Tinubu has formally approached the Senate for approval to secure a USD516.3mn foreign loan to finance the construction of the Sokoto–Badagry Superhighway, following prior approval by the Federal Executive Council. The facility is structured as a syndicated loan, to be arranged through Deutsche Bank, with a partial credit guarantee from the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), the insurance arm of the Islamic Development Bank. In addition to the external financing, the Federal Government is expected to commit over NGN265.5bn in counterpart funding to cover land acquisition and associated project costs. The loan is proposed to have a nine-year tenor, including a three-year grace period, with interest capped at Chicago Mercantile Exchange (CME) Secured Overnight Financing Rate (SOFR) plus 5.3% per annum, and is to be incorporated into the national borrowing plan upon legislative approval. Upon completion, the project is expected to enhance north–south connectivity by linking Sokoto through Niger and Kwara to Badagry in Lagos, potentially reducing travel time and logistics costs, improving trade flows, and supporting food security. Given its scale, it is also likely to serve as a demand catalyst for the cement industry, with construction activity driving volume growth across the sector. However, debt sustainability and the financing structure remain key considerations. Nigeria’s public debt stood at NGN159.3trn as of December 2025, and the proposed USD516.3mn facility adds to a rising external borrowing profile, following the USD747mn Deutsche Bank coastal highway loan in 2025 and a recently approved USD6.0bn infrastructure-related facility. This continued reliance on external funding, particularly given the pace of recent borrowings, could weigh on the country’s debt sustainability metrics and impact sovereign credit perception. Additionally, foreign exchange risk remains a concern. With debt largely denominated in USD, any depreciation of the Naira would increase both profile and repayment burden, potentially worsening fiscal pressure over time. #wordoftheweek

President Tinubu has requested Senate approval for a USD516.3mn foreign loan to fund the Sokoto–Badagry Superhighway, with additional government counterpart funding and structured under a syndicated facility. The project is expected to boost connectivity, trade, and infrastructure development, while also supporting sectors like cement through increased construction activity. However, rising external borrowing raises concerns around debt sustainability and FX risk, especially as Naira depreciation could increase repayment burdens. #marketupdate

Did you know? You were born with up to 300 bones, but you don’t keep them. As you grow, some fuse together and quietly reduce your skeleton to 206 bones in adulthood. #DidYouKnow #HumanBodyFacts #ScienceFacts #FunFacts

Happy Birthday to an amazing teammate, Adegoke Adeniran 🎉 Your dedication, positive energy, and commitment to excellence make you a valued member of the team. Wishing you continued success and a fantastic year ahead. #HappyBirthday #TeamCelebration #CelebratingYou