Economy
What Next for the World’s Hottest Tech Stocks?
If the past year has taught us anything, it’s that big tech has taken over the world. Silicon Valley titans such as Amazon, Apple, Microsoft, and Netflix saw their profits reach record-highs in 2020, with some companies making more in the space of a few months than they had in the previous three years combined.
With this came an investor fever, as big tech’s success led to unprecedented levels of retail investment in the hottest stocks on the NASDAQ and the Dow.
As an industry, US tech stocks have been more popular than at any time since the Dot Com bubble. However, signs are on the horizon that the boom time is coming to an end. Let’s take a look at the future prospects for the world’s hottest tech stocks.
Blue Chips Are Back
Although the upstart tech stocks have received a rude reality check, the blue-chip stocks have a much stronger outlook ahead. This is because many of them are investing heavily in emerging megatrends that became apparent long before the tech boom of 2020. For example, Amazon is set to profit massively from its investment in cloud computing, where it expects to retain a majority of the global market share.
Although the upstart tech stocks have received a rude reality check, the blue-chip stocks have a much stronger outlook ahead. This is because many of them are investing heavily in emerging megatrends that became apparent long before the tech boom of 2020.
For example, Amazon is set to profit massively from its investment in cloud computing, where it expects to retain a majority of the global market share.
Microsoft is emerging as one of the world’s premier chip manufacturers – an increasingly important industry that will shape the future of the IT industry. Apple is becoming one of the largest data centre landlords on the planet. You get the picture.
Of course, growth in share prices for these companies will be more modest in 2021 than in 2020. That’s why retail investors should always seek a broker with the lowest spreads, especially if they are speculating on big tech by investing in CFDs, and there are brokerage platforms that specialise in this.
For example, INFINOX CFD stocks charge only $0.02 on all CFD trades, and could themselves be set to gain significantly from the popularity of blue-chip tech stocks in the years ahead.
Upstarts Get a Reality Check
The economic trends of the past year have taught us that any mid-size tech company could become tomorrow’s billion-dollar behemoth. Upstart stocks such as Zoom and Peloton grabbed headlines around the world as their products became trendier than ever, pushing revenues to new heights and multiplying the share value of each company several times over.
However, it seems that, for these younger companies, the party is over. Both Zoom and Peloton, as well as other 2020 success stories such as DoorDash and GrubHub, have seen their share prices plummet, with no signs of recovery on the horizon. Could it be possible that these tech stocks were overhyped?
Although the market that allowed many of these companies to grow successfully has not changed too much, we are seeing signs that the demand for their singular product offerings might never recover to 2020 levels.
As always in the stock market, there are winners and losers aplenty. Echoing trends in the wider economy and society, it seems like the biggest, wealthiest players are the ones that will continue to stay on top in the years ahead.
By Adedapo Adesanya
TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement with Vaaris for the divestment of its 10 per cent non-operated interest in the Renaissance JV licences in Nigeria.
The Renaissance JV, formerly known as the SPDC JV, is an unincorporated joint venture between Nigerian National Petroleum Company Limited (55 per cent), Renaissance Africa Energy Company Ltd (30 per cent, operator), TotalEnergies EP Nigeria (10 per cent) and Agip Energy and Natural Resources Nigeria (5 per cent), which holds 18 licences in the Niger Delta.
In a statement by TotalEnergies on Wednesday, it was stated that under the agreement signed with Vaaris, TotalEnergies EP Nigeria will sell its 10 per cent participating interest and all its rights and obligations in 15 licences of Renaissance JV, which are producing mainly oil.
Production from these licences, it was said, represented approximately 16,000 barrels equivalent per day in company’s share in 2025.
The agreement also stated that TotalEnergies EP Nigeria will also transfer to Vaaris its 10 per cent participating interest in the three other licences of Renaissance JV which are producing mainly gas, namely OML 23, OML 28 and OML 77, while TotalEnergies will retain full economic interest in these licences, which currently account for 50 per cent of Nigeria LNG gas supply.
Business Post reports that the conclusion of the deal is subject to customary conditions, including regulatory approvals.
“TotalEnergies EP Nigeria has signed a Sale and Purchase Agreement with Vaaris for the sale of its 10 per cent non-operated interest in the Renaissance JV licences in Nigeria.
“Under the agreement signed with Vaaris, TotalEnergies EP Nigeria will sell to Vaaris its 10 per cent participating interest and all its rights and obligations in 15 licences of Renaissance JV, which are producing mainly oil. Production from these licences represented approximately 16,000 barrels equivalent per day in the company’s share in 2025.
“TotalEnergies EP Nigeria will also transfer to Vaaris its 10 per cent participating interest in the 3 other licenses of Renaissance JV, which are producing mainly gas (OML 23, OML 28 and OML 77), while TotalEnergies will retain full economic interest in these licenses, which currently account for 50 per cent of Nigeria LNG gas supply. Closing is subject to customary conditions, including regulatory approvals,” the statement reads in part.
The development is part of TotalEnergies’ strategies to dump more assets to lighten its books and debt.
By Aduragbemi Omiyale
The trading licence of Monument Securities and Finance Limited has been revoked by the regulatory arm of the Nigerian Exchange (NGX) Group Plc.
Known as NGX Regulations Limited (NGX Regco), the regulator said it took back the operating licence of the organisation after it shut down its operations.
The revocation of the licence was approved by Regulation and New Business Committee (RNBC) at its meeting held on September 24, 2025, a notice from the signed by the Head of Market Regulations at the agency, Chinedu Akamaka, said.
“This is to formally notify all trading license holders that the board of NGX Regulation Limited (NGX RegCo) has approved the decision of the Regulation and New Business Committee (RNBC)” in respect of Monument Securities and Finance Limited, a part of the disclosure stated.
Monument Securities and Finance Limited was earlier licensed to assist clients with the trading of stocks in the Nigerian capital market.
However, with the latest development, the firm is no longer authorised to perform this function.
Economy
NEITI Advocates Fiscal Discipline, Transparency as FG, States, LGs Get N6trn in Three Months
By Adedapo Adesanya
The Nigeria Extractive Industries Transparency Initiative (NEITI) has called for fiscal discipline and transparency as data showed that federal government, states, and local governments shared a whopping N6 trillion Federation Account Allocation Committee (FAAC) disbursements in the third quarter of last year.
In its analysis of the FAAC Q3 2025 allocation, the body revealed that the federal government received N2.19 trillion, states received N1.97 trillion, and local governments received N1.45 trillion.
According to a statement by the Director of Communication and Stakeholders Management at NEITI, Mrs Obiageli Onuorah, the allocation indicated a historic rise in federation account receipts and distributions, explaining that year-on-year quarterly FAAC allocations in 2025 grew by 55.6 per cent compared with Q3 of 2024 while it more than doubling allocations over two years.
The report contained in the agency’s Quarterly Review noted that the N6 trillion included 13 per cent payments to derivative states. It also showed that statutory revenues accounted for 62 per cent of shared receipts, while Value Added Tax (VAT) was 34 per cent, and Electronic Money Transfer Levy (EMTL) and augmentation from non-oil excess revenue each accounted for 2 per cent, respectively.
The distribution to the 36 states comprised revenues from statutory sources, VAT, EMTL, and ecological funds. States also received additional N100 billion as augmentation from the non-oil excess revenue account.
The Executive Secretary of NEITI, Mr Sarkin Adar, called on the Office of the Accountant General of the Federation, the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) FAAC, the National Economic Council (NEC), the National Assembly, and state governments to act on the recommendations to strengthen transparency, accountability, and long-term fiscal sustainability.
“Though the Quarter 3 2025 FAAC results are encouraging, NEITI reiterates that the data presents an opportunity to the government to institutionalise prudent fiscal practices that will protect the gains that have been recorded so far in growing revenue and reduce vulnerability to commodity shocks.
“The Q3 2025 FAAC results are encouraging, but windfalls must be managed with discipline. Greater transparency, realistic budgeting, and stronger stabilisation mechanisms will ensure these resources deliver durable benefits for all Nigerians,” Mr Adar said.
NEITI urged the government at all levels to ensure the growth of Nigeria’s sovereign wealth and stabilisation capacity, by committing to regular transfers to the Nigeria Sovereign Wealth Fund and other related stabilisation mechanisms in line with the fiscal responsibility frameworks.
It further advised governments at all levels to adopt realistic budget benchmarks by setting more conservative and achievable crude oil production and price assumptions in the budget to reduce implementation gaps, deficit, and debt metrics.
This, it said, is in addition to accelerating revenue diversification by prioritising reforms that would attract investments into the mining sector, expedite legislation to modernise the Mineral and Mining Act, support reforms in the downstream petroleum sector, as well as the full implementation of the Petroleum Industry Act (PIA) to expand domestic refining and value addition.
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