Shares of eTranzact International Plc surged 45.15% in the week ended September 12, 2025, closing the run at a high of N14.95 and topping the Nigerian Exchange’s list of weekly advancers.
The payment fintech began the week at N10.30 on Monday and gapped higher on Tuesday as strong buying pressure entered the market, a momentum that was sustained through the week. Market participants pointed to a cluster of positive developments that appear to have driven renewed investor interest.
In early September the Federal Inland Revenue Service (FIRS) approved eTranzact as a provider for its nationwide e‑invoicing rollout — a development widely seen as strategically important for the company. Access to the FIRS e‑invoicing programme can expand eTranzact’s addressable market, increase transaction volumes and create recurring revenue opportunities as corporates and government entities adopt electronic invoicing.
Traders also flagged recent corporate updates as additional catalysts. Market sources say announcements around management appointments and the company’s latest financial results have reinforced investor confidence, contributing to the buying momentum. Together, these regulatory and corporate events shifted sentiment in favour of the stock.
Looking ahead, investors will be watching for how quickly eTranzact converts the FIRS approval into contracts and revenue, how new management initiatives are implemented, and the company’s next set of financial disclosures. As with any sharp run, analysts caution that short‑term volatility could follow, and future gains will depend on execution and broader market conditions.
