Corporate Scorecards
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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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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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Airtel FY26: Currency Tailwinds and Cost Discipline Turn Policy Shocks into Record Profit
Airtel Africa closed the year ended 31 March 2026 with its strongest earnings print in recent years, converting a volatile…
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Airtel FY26: Scale, Data, and Mobile Money Turn Strategy into Cash
Airtel Africa’s year to 31 March 2026 shows what happens when network investment, digitisation, and customer focus align. The group…
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Dangote Cement’s Profit Surge: How Pricing Power and FX Arbitrage Are Driving Q1 Gains
Across construction sites and hardware shops in Nigeria, the complaint is the same: cement has become too expensive for ordinary…
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Dangote Cement FY 2025: Debt Halved, Profit Doubled as Deleveraging Delivers Nigeria’s First Trillion-Naira Cement Earnings
Dangote Cement’s FY 2025 result is not principally an earnings story, but a capital structure story. The doubling of after-tax…
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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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