FBN Holdings Plc, the parent of Nigeria’s oldest commercial lender, saw its shares suffer their steepest single-day decline in three months, opening an avenue for investors to grab the stock at a discount. For some time now, the financial giant’s stock has seemed untouchable, climbing to a 52-week high of N55.3 as it underwent a massive rebranding and strategic overhaul. What looked like a "perfect storm" finally broke the share price trend, which came to a low of N41.05 as at the close of trading on Monday, February 2. The stock’s new
FBN Holdings Plc, the parent of Nigeria’s oldest commercial lender, saw its shares suffer their steepest single-day decline in three months, opening an avenue for investors to grab the stock at a discount. For some time now, the financial giant’s stock has seemed untouchable, climbing to a 52-week high of N55.3 as it underwent a massive rebranding and strategic overhaul. What looked like a "perfect storm" finally broke the share price trend, which came to a low of N41.05 as at the close of trading on Monday, February 2. The stock’s new