@BodamG After his failed purchase of the three main refineries back in OBJ/Yar’adua’s tenure. He lost faith in the refineries gameplay. Even Dangote at a time got scared when he started the Dangote refinery project because of the huge complexity and bureaucracy involved.
@EniolaStocks They are both solid. Zenith has plans to soon list at the LSE. That’s an appetizer. But I have a problem on how CBN has capped the CRR for banks at 50% A lot of idle cash will not generating returns from banks. That could affect growth earnings. But I am still super bullish on Z
@ThatJuDaH Their current issues look more like a balance sheet clean up than a broken business.The market reacted to bad loans provisions and dividend pause. UBA still has strong PAN African operations, long term growth exposure and solid capital after recap.