Corporate Scorecards
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ACCESS HOLDINGS AT ₦28.40: FROM MARKET LEADER TO DISCOUNT BENCHMARK AS VALUATION LAGS THE RALLY
Access Holdings Plc is moving in the opposite direction to First HoldCo in 2026, and the market is pricing it…
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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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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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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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Sterling Bank: How a Denominator Manager Is Leaving Shareholders to Fund the Past
Benchmarked against its own past, Sterling Bank’s progress over decades can look deceptively beautiful — bigger assets, higher earnings, and…
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FCMB HAS THE FUEL. DOES IT HAVE THE ENGINE?
Why Recapitalization Alone Cannot Deliver FCMB’s Turnaround To lead Nigerian banking in the next decade, the winners will not be…
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THE POWER OF CORE COMPETENCE AND INDUSTRY LEADERSHIP: WHY ACCESS HOLDINGS IS STILL CHASING IN THE TIER-1 RACE
Long before any profit shows up on a balance sheet, banks win or lose on the strength of what they…
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Wema Bank H1 2026: Record Profit, But Market Sees Risk
Wema Bank posted its strongest half-year result on record in H1 2026, with profit before tax rising 53.65% to ₦154.56bn…
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