Nigerian banks trade at discount to African peers despite 68% surge
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Nigerian banks trade at discount to African peers despite 68% surge
16 Sep, 2026
Nigerian banking stocks have rallied strongly in 2026, adding more than N11 trillion in market value in less than nine months. However, several of the country’s largest banks still trade below the valuations of comparable African lenders, with some below book value and at relatively low price-to-earnings multiples despite strong share-price gains and earnings growth................….......READ MORE
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