Corporate Scorecards
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ECOBANK TRANSNATIONAL: THE LIQUIDITY FORTRESS THAT IS PROFITABLE BUT SHRINKING
Ecobank’s nine months to September 2026 results present a paradox that goes to the heart of its current strategic dilemma.…
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9M2026:GTCO’S DEPRECIATING FORTRESS
GTCO wanted to look safe in 9M’26. It ended up looking squeezed. With N18.3 trillion in assets and N13.7 trillion…
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ACCESS HOLDINGS: A GIANT WITH MISERABLE VALUE FOR THE SHAREHOLDERS
For a bank that just made history, Access Holdings has very little to show shareholders. On paper, the group crossed…
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TOTALENERGIES NIGERIA STAGES COMEBACK, POSTS N5BN PROFIT AFTER N14BN LOSS
When TotalEnergies Marketing Nigeria Plc closed 9M 2025 with a staggering N14.1 billion loss and a negative cash position of…
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How Unilever’s Pricing Power Hides N19.4bn Cash Squeeze
On paper, Unilever Nigeria Plc had a stellar 2026. Nine-month profit jumped 20.1% to N26.4bn from N21.98bn, Q3 profit surged…
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Transcorp Power’s N19.4bn Profit Masks a Dangerous Gamble: N483bn Trapped, N70bn Borrowed
In Q3 2026, Transcorp Power Plc made N19.40 billion in profit, down 18.49% from N23.81 billion a year earlier, on…
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Guinness Nigeria 9M 2026: How N40.6bn Profit Was Built Despite Cash Strain and Rising Costs
Guinness Nigeria PLC’s unaudited results for the nine months ended 30 September 2026 reveal a company still wrestling with deep…
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ECOBANK: Valued By Investors Like a Distressed Bank
Ecobank Transnational Incorporated trading between N67.00 and N69.90 tells the story of a market that both loves and doubts the…
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ZENITH BANK TURNS THREATS TO STRENGTH IN TOUGH HALF-YEAR
When Zenith Bank closed its books on June 30, 2026, the numbers told a story of a bank under siege.…
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The Resource Curse Inside Access Holdings: Why N53 Trillion Cannot Deliver
The first week of Q4 2026 told a story Access Holdings did not want told. The NGX All Share Index…
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