Banking
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Sterling Bank: Cheap Valuation, Big Questions
Sterling Financial Holdings trades like a paradox. At ₦7.65, with a P/E of roughly 5x–6.2x, it is 40% cheaper than…
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UBA AND THE GHOST OF 2007: WHY A ₦34 OFFER STILL HAUNTS AFRICA’S “BANK OF THE CONTINENT”
In February 2007, UBA was the market’s darling. The stock hit ₦37.99 on February 6, backed by FY2007 results that…
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Access Holdings 2025: BIGGER BUT WEAKER
Access Holdings Plc ended 2025 as a significantly larger institution, but not necessarily a stronger one. The group crossed major…
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ACCESS HOLDINGS: BIG ON ASSETS, SMALL ON INVESTOR CONFIDENCE
Despite being Nigeria’s largest bank by assets at over ₦53trn, Access Holdings Plc trades like a second-tier name. At ₦27.50…
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UBA 2025: When Maturity Transformation Bites Back
Banking is built on mismatches. Banks take short-term deposits and lend long. They borrow cheap and invest high. That process,…
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UBA 2025: When Lending Engine Runs Into a Toxic Mix
United Bank for Africa Plc’s 2025 results lay bare banking’s central tension. The bank got bigger, but made far less…
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BEHIND UBA’S 2025 MELTDOWN
United Bank for Africa Plc did not slip in 2025. It fell. Profit collapsed 47.2% to N404.7 billion from N766.6…
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UBA STOCK LANGUISHES AT A DISCOUNT AFTER A CATACLYSMIC PROFIT FALL
UBA is trading at a clear discount to its tier-1 peers in both price and valuation heading into 2026, and…
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UBA’s Core Problem: Big Vision, Fragmented Engine
In banking, the future isn’t decided in press conferences. It’s decided in the core — the quiet system that posts…
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UBA: A Tier-1 Bank Trading Like Tier 2 Name
Competition for the future is won long before the first customer buys. First, companies fight for foresight and intellectual leadership…
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