Banking
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FCMB: The Record Profit That Changed Nothing – How N177bn Hid A Still-Broken Bank
On paper, 2025 is the year FCMB finally escaped its history. In 2014 it made N22.1bn PAT and its managing…
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FCMB: The Borrowed Agbada, The Broken Mirror, and The N177 Billion That Changed Nothing
FCMB has struggled hard to look big and efficient, but it has failed on both critical fronts. It is stuck…
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Stanbic IBTC’s Hold-to-Buy Upgrade: Earnings Power Overcomes Profit-Taking
Lead Capital’s decision to upgrade Stanbic IBTC Holdings from Hold to Buy for the week of September 14, 2026, is…
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Fidelity Bank’s N500bn Cross: Why Capital Bancorp Shifted From Hold to Buy
Capital Bancorp Plc’s upgrade of Fidelity Bank Plc from Hold to Buy is more than a routine rating change; it…
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Has Amacechi Ogbonna, CEO of Access Bank, given up?
Has Amacechi Ogbonna, the CEO of Access Bank, given up? Access Holdings is trading like a bank in distress, not…
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FY 2025:Access Holdings: lending as the engine, heavy impairments as the cost
In banking, everything else on the balance sheet — capital, reserves, investments — ultimately exists to support one function: lending.…
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Union Bank: The Pharaoh’s Tomb and the Comfort of Darkness
By Amos Adetunji Is the government-appointed leadership at Union Bank failing because they cannot think differently, or because they have…
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Sterling Holdco: Cheap, Stunted, Ignored by the Market
Sterling Financial Holdings Company Plc trades at ₦7.75 – ₦7.80 on the Nigerian Exchange. In terms of absolute share price…
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FCMB Group Plc: The NGX Laggard — Cheap on Paper, Punished in the Market
While FCMB Group Plc just delivered a near-doubling of profit in H1 2026, the market has refused to reward it.…
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THE COURAGE TO QUIT: WHAT MONIEPOINT’S UK EXIT MEANS FOR NIGERIA
Moniepoint’s decision to shut down MonieWorld, its UK remittance product, just 18 months after launch has been called a failure…
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