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FUGAZ STOCKS
First Bank, UBA, GTCO, Access HoldCo, and Zenith Bank, collectively known as FUGAZ, continue to garner favourable attention from analysts.
Nigerian banking stocks have experienced a dismal second quarter thus far. This downtrend follows the Central Bank's announcement on banking recapitalization, which has set expectations for further declines in share prices.
First Bank, UBA, GTCO, Access HoldCo, and Zenith Bank (FUGAZ) continue to secure favourable ratings reflecting promising upside potential.
The Nigeria Exchange Limited has witnessed a remarkable bullish run since President Bola Tinubu assumed office on May 29, 2023.
According to data from the Nigerian Exchange (NGX), the market capitalization of the top five banks was down to N1.95 trillion as it depreciates by 4.29% during the week.
The market capitalization of the top five banks, referred to as the Tier-1 banks or FUGAZ, depreciated by...
The market capitalization of the top five banks, referred to as the Tier-1 banks decreased to N2.43 trillion...