On the floor of the Nigerian Exchange Limited (NGX), what seemed earlier this week like a storm on shares of Nigeria's oldest lender, First Holdco, is leaving behind a surprising and golden clarity. On Thursday, the trading floor was again crowded with brokers whose orders for First Holdco shares were going unfilled. Reason being that there simply weren't enough willing sellers. Why? The "house" had been cleaned, the foundation was solid, and the closing bell hasn't rang yet, but First Holdco wasn't already nearing a 52-week high. The
On the floor of the Nigerian Exchange Limited (NGX), what seemed earlier this week like a storm on shares of Nigeria's oldest lender, First Holdco, is leaving behind a surprising and golden clarity. On Thursday, the trading floor was again crowded with brokers whose orders for First Holdco shares were going unfilled. Reason being that there simply weren't enough willing sellers. Why? The "house" had been cleaned, the foundation was solid, and the closing bell hasn't rang yet, but First Holdco wasn't already nearing a 52-week high. The