eTranzact International Plc gained 45.15% last week, topping the NGX advancers’ chart as its share price rose from ₦10.30 to ₦14.95.

The surge followed the Federal Inland Revenue Service (FIRS) approval of the company as a certified provider in Nigeria’s new e-invoicing system, a move expected to expand its revenue streams.

Positive sentiment was also supported by eTranzact’s H1 2025 results, which showed a 40% rise in gross profit and pre-tax earnings of ₦2.1 billion, up from ₦1.8 billion in 2024. Shareholders further approved plans to raise up to ₦100 billion to fund expansion.

Analysts note the breakout above ₦10 boosted trading momentum, though they warn revenue pressures and valuation risks remain.