…cycle. Zenith Bank added 7.09% to N117.80, while UBA gained 1.39%, rounding out the FUGAZ banking recovery alongside MTN Nigeria's 3.75% advance. MTN Nigeria emerged as the dominant force by traded value, accounting for N16.64 billion - equivalent to 45.32% of total session value. Fidelity Bank led by volume with 48.75…

…relative to the market is one of the most unexpected outcomes of 2026, given that FUGAZ earnings have broadly been strong. The explanation lies partly in valuation - banks were already priced for significant growth entering the year - and partly in the CBN's new regulatory policy outlook that has triggered June's corre…

…the week. Among the stocks that weighed heavily on market performance were the FUGAZ banks and four others, including: NAHCO (-10.00%) GTCO (-9.97%) FIRSTHOLDCO (-9.84%) ZENITHBANK (-4.76%) WAPCO (-4.52%) UBA (-2.23%) ACCESSCORP (-0.87%) DANGSUGAR (-0.40%), and NGXGROUP (-0.16%) The negative market breadth further unde…