Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

FBN Holdings Trades at 48.6% Discount to 52-Week High FBN Holdings Plc declined marginally to N22.6 per share from N22.75 despite buying momentum on the Nigerian Exchange. This left the elephant market valuation at N811.2 billion. Ticker: FBNH is trading at a 48.58% discount to its 52 week high. The finance services company’s stock peaked at N43.95 before making a degree U-turn in the second quarter of 2024 following an earnings delay and subsequent dividend cut. In its latest update on Nigerian banks, Fitch excluded FBN Holdings from lenders whose outlooks were upgraded. FBN Holdings has surmounted various degrees of…

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