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All Scale, No Value: Access Holdings’ 9M 2026 Fails Its Own Test
For three years, Access Holdings has sold Nigeria a story of scale, of a bank that would become Africa’s biggest…
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Stanbic IBTC Q3, 2026 : Discipline That Delivered 33% Profit
It is easy to mistake caution for weakness. When a bank reports a loan-to-deposit ratio of only 57.17 percent, well…
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UBA Is Hiding Behind The Regulator, And The Market Is Paying For The Silence
United Bank for Africa Plc has not published a single audited number since Q1 2026, and yet its shares continue…
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CONOIL AT N5.3BN PROFIT: CAN N280BN REVENUE FINALLY BECOME CASH FOR SHAREHOLDERS?
Conoil Plc has just done what looked impossible a year ago. Revenue N280.1 billion in nine months against N143.6 billion…
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ACCESS HOLDINGS: THE N52 TRILLION GIANT THAT DESTROYED SHAREHOLDER VALUE
HOW N474 BILLION PROFIT AFTER TAX BECAME ZERO NAIRA DIVIDEND It is the ugliest irony in Nigerian banking today. A…
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MTN’s Single Profit Engine Raises Concern
Forget the fireworks over N1.165 trillion profit, N2.624 trillion EBITDA, N4.613 trillion revenue and 94.7 million subscribers — MTN Nigeria’s…
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UNILEVER NIGERIA’S N26.4BN PROFIT: HOW PRICING POWER PAID FOR ITS MOST EXPENSIVE YEAR
Unilever Nigeria’s nine-month result to September 2026 reads like a company that decided to spend its way to growth and…
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ETERNA’S N7.3BN RESCUE PROFIT: HOW A N19BN CASH INJECTION TURNED A FUEL TRADER’S BIGGEST WEAKNESSES INTO WEAPONS
For two years, Eterna Plc looked like a textbook case of a downstream oil company trapped by its own model.…
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ZENITH BANK’S N928 BILLION PROFIT DEFIES N506 BILLION TRADING LOSS: THE MAKING OF A FORTRESS BANK
On paper, Zenith Bank’s 9-month 2026 result looks like a slowdown. Gross earnings down 15% to N2.86 trillion from N3.37…
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TINUBU’S NIGERIA: FROM REENGINEERING TO REGENERATION
Tinubu met Nigeria at a dead end. For twenty years every government knew subsidy and multiple exchange rates could not…
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