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Zenith Bank, Unilever, BUA Cement top stock pick this week

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The earnings’ season is here once more, with the half-year period already gone past and the publication of corporate results set to commence any moment soon.

The largely positive investor sentiment that dominated trade in that period drove a sweeping rally in Nigerian stocks January though June. That positive has made the country’s equity market the best-performing in the world in dollar terms.

If half-year corporate reports come out stronger than they were a year ago, the market could ride on that momentum to turn out a fabulous yield that could meet investors’ expectations in the short term.

“Nevertheless, we expect pockets of bargain hunting to emerge as investors gradually position ahead of the H1:2026 earnings season, particularly in fundamentally sound stocks that have become more attractively valued following the recent market pullback,” analysts at Meristem Securities said in their note to investors last week.

“We also expect companies with strong earnings prospects and attractive interim dividend potential to continue attracting selective buying interest.”

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PREMIUM TIMES has assembled some stocks with sound fundamentals, adopting rigorous approaches to save you the risk of picking equities at random for investment.

The pick, a product of an analytical market watch, offers a guide to entering the market and taking strategic positions, with the expectation that selected stocks will record reasonable price appreciation with the passage of time.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

Zenith Bank

Zenith Bank tops this week’s pick on the basis of its strong fundamentals and for trading below its intrinsic value. The lender’s net profit ratio (NPR) is 21.8 per cent, while the price-to-earnings (PE) ratio is 4.4x. Its 14-day relative strength index (RSI) is 41.6.

Unilever

Unilever makes the selection for its strong fundamentals. The NPR of the consumer goods company is 14.8 per cent, while the PE ratio is 21.4x. Its 14-day RSI is 14.1.

BUA Cement

BUA Cement appears on the pick on the basis of its attractive fundamentals. The NPR of the cement manufacturer is 36.4 per cent, while the PE ratio is 25.5x. The 14-day RSI is 0.

READ ALSO: Zenith Bank backs Canada-Africa Business Conference to deepen trade, investment ties

Coronation Insurance

Coronation Insurance makes the selection by virtue of its strong fundamentals. The NPR of the insurer is 19.8 per cent, while the PE ratio is 8.1x. Its 14-day RSI is 46.2.

UACN

UACN makes the cut based on its strong fundamentals. The NPR of the conglomerate is 2.3x, while the PE ratio is 26.2x. Its 14-day RSI is 53.

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N10million Damages: EFCC Appeals Judgment Against Agunloye

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The Economic and Financial Crimes Commission, EFCC, has filed a notice of appeal at the Court of Appeal, Abuja, against the judgment of Justice Peter Kekemeke of the Federal Capital Territory, FCT, High Court, Abuja, finding it liable for defaming former Minister of Power, Olu Agunloye over a social media publication of an alleged $6billion Mambilla Power Project fraud.

The Notice of Appeal was filed on Friday, July 10, 2026 by counsel to the EFCC, Wahab Shittu, SAN.

In the appeal contained in Suit No: FCT/HC/CV/1199/2024, the EFCC expressed dissatisfaction with the “whole of the judgment of the High Court of the Federal Capital Territory, sitting at Maitama, Abuja, Coram: Hon. Justice Peter O. Kekemeke, delivered on the 8th day of July, 2026….”

Specifically, the appeal was hinged on 11 grounds and four different orders. The orders the Commission is seeking in the appeal, are orders allowing the appeal, setting aside the whole of the judgment, dismissing Agunloye’s claim before the trial court in entirety and any other order the court may deem fit to make in the circumstances of the appeal.

Justice Kekemeke had declared in his judgment that the EFCC’s publication on Agunloye was false, defamatory and injurious to the former Minister’s reputation and awarded N10 million in damages against the Commission.

Shittu, in the appeal, also filed a stay of execution of the judgment of the trial court.

No date has been fixed for the hearing of the appeal.

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CCTV Footage: Keyamo demands apology, N25,000 fine from Peter Obi over airport parking claim

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The Minister of Aviation and Aerospace Development, Festus Keyamo, has demanded a public apology from the presidential candidate of the Nigeria Democratic Congress (NDC), Peter Obi, over claims that his vehicle was “unjustly” clamped at the Nnamdi Azikiwe International Airport, Abuja, describing the allegation as false.

Mr Keyamo, in a statement posted on his X page on Friday, also asked Mr Obi to pay the N25,000 fine prescribed for violating airport parking regulations, warning that failure to do so within one week could lead to further action by the Federal Airports Authority of Nigeria (FAAN).

The minister said he ordered an internal investigation after Mr Obi alleged that the incident formed part of a broader campaign of political persecution against him.

According to Mr Keyamo, CCTV footage from the airport showed that Mr Obi’s vehicle was parked unattended for about 30 minutes in a designated drop-off zone, contrary to airport regulations.

“Politics aside, every Nigerian is entitled to fair treatment under the law,” the minister said.

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He added that, “I therefore instituted an internal inquiry over the issue.”

Minister disputes Obi’s account

Mr Keyamo said the footage showed that Mr Obi arrived at the airport on 4 July at about 8:28 p.m. and entered the terminal with two other occupants after alighting from the vehicle, which was being driven by a police officer.

According to him, the police officer also left the vehicle unattended after briefly returning to collect an item, prompting airport security personnel to clamp its tyres.

He said the officials were unaware the vehicle belonged to Mr Obi when they carried out the enforcement action.

The minister further alleged that after discovering the vehicle had been clamped, the police officer contacted Mr Obi by telephone and handed the phone to an airport manager.

Mr Keyamo claimed Mr Obi identified himself and requested the release of the vehicle, which was eventually released without payment of the prescribed fine.

He argued that leaving a vehicle unattended in a drop-off zone constitutes a security risk, particularly at an international airport.

“What has emerged from this is a clear case of an opposition candidate trying to whip up unnecessary sentiments for a wrong he committed with his driver,” Mr Keyamo said.

He dismissed Mr Obi’s claim that other improperly parked vehicles were ignored, describing the allegation as false.

Demands

The minister said Mr Obi should publicly apologise to airport personnel whom he accused of persecuting him while carrying out their lawful duties.

He also asked the former Anambra governor to return to the airport voluntarily and pay the N25,000 penalty for wrongful parking.

“If these demands are not met within one week, I will be giving the necessary directives to the Federal Airports Authority of Nigeria (FAAN) to take the next steps against him,” Mr Keyamo said.

Background

Earlier, Mr Obi, during an appearance on the With Chude podcast last week, alleged that he might not survive to contest the 2027 presidential election, citing what he described as a pattern of harassment against him and his associates.

Among the incidents he referenced was the airport episode, where he claimed his vehicle was clamped while other vehicles parked in the same area were left untouched. He also alleged that some of his associates had become reluctant to publicly associate with him for fear of government reprisal.

READ ALSO: Presidency reacts to Peter Obis safety concerns

The Presidency rejected the allegations, with President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, saying the airport incident stemmed from a breach of parking regulations rather than any act of political persecution.

Mr Obi, a former governor of Anambra State and the Labour Party’s presidential candidate in the 2023 general election, defected to the Nigeria Democratic Congress in December 2025 and is now the party’s presidential candidate for the 2027 election.

As of the time of filing this report, Mr Obi had not publicly responded to Mr Keyamo’s demands.


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