United Bank for Africa Plc and Access Holdings Plc both released their FY2025 results recently, and shareholders and investors were left disappointed. Not necessarily by the numbers emanating from the results, but by the omission of dividends for the financial year. Not that investors were completely oblivious to the likelihood of tempered expectations from both institutions, especially with the eagle-eyed monitoring from the Central Bank of Nigeria, but many did not anticipate it at this level of declaring no final dividend at all. As the African adage implies, when a child does not perform well in school, he delays showing his report card to his parents . It is therefore not surprising that both banks, alongside some others, delayed publishing their 2025 audited results. Taking cues from the Biblical account of Nicodemus visiting quietly at night, and reminiscent of how the Nigerian Independent National Electoral Commission shamelessly announced the 2023 presidential election r...
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