Banking
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Sterling Bank: Bigger Balance Sheet, Thinner Margins
Sterling Bank’s latest quarter highlights a familiar tension for mid-tier Nigerian lenders: stronger capital and robust headline earnings sit alongside…
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FirstHoldCo’s N1 Trillion Bet: From Capital Compliance to Credibility Test
FirstHoldCo is asking shareholders to approve a N253.1bn capital raise at its AGM on May 29, 2026, with the aim…
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UBA’s FUGAZ Position: A Laggard in a Market Re-rating
As of May 13, 2026, the FUGAZ group is telling two very different stories. Zenith, GTCO, and First HoldCo are…
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45% Revenue Growth, 13% Profit Drop: Fidelity’s 2025 Paradox
Fidelity Bank’s 2025 financials tell a familiar Nigerian banking story: the top line roared, but the bottom line got clipped…
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Zenith Bank Rated Buy as Loan Growth and Tech Upgrade Drive 2026 Outlook
CardinalStone’s buy rating on Zenith Bank isn’t a bet on sentiment, it’s a bet on a balance sheet that’s finally…
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FCMB’s Cheap Stock : A Red Flag, Not a Bargain
When FCMB took the international license during the just-concluded CBN recapitalization, the move looked like a bid to signal a…
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How Nigeria’s “Banking Geniuses” Humbled in 2025
For years, Nigeria’s Tier-1 bank CEOs rode a wave of FX revaluation gains and regulatory forbearance, branding themselves as world-class…
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How 2025’s Lending Trade-Offs Left Nigerian Bank CEOs Bleeding
In banking, the loan portfolio is both the engine of profit and the source of greatest risk. It is the…
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Wema Bank’s Porous Defenses: How a N25m Heist Exposes the Fragility of Nigeria’s Digital Banking
Malik Lawal’s father was travelling to Akure with his phone in his pocket when N25 million vanished from his Wema…
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ETI Q1 2026: N48.83trn in Assets, N1.92trn in Market Capitalisation, and the Valuation Discount That Remains
ETI’s Q1 2026 results revisit a question that institutional investors have circled around for the better part of a decade,…
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