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THE AI RESEARCH DESK FOR THE NGX

Understand the market. Not just the numbers.

Investo combines Nigerian market data, company filings, financial fundamentals and AI analysis into one intelligent research terminal.

ASK INVESTONIGERIAN BANKS · QUALITY SCREENLIVE DATA · 2026-09-15
QUERY
Which Nigerian banks have the strongest combination of ROE, dividend growth and valuation?
RESEARCH ANSWER

Zenith and Fidelity clear the screen at current prices; both carry an accumulate view from Investo's committee. GTCO has the sector's standout profitability and dividend growth, but trades above Investo's fair-value range, so the committee holds it on valuation rather than quality. The best business and the best entry are not the same stock today.

STRONGEST CANDIDATES
TICKERROEDIV GROWTHP/BCOMMITTEEVERDICT
GTCO25.0%+58.9%1.31×+4/4Hold
ZENITHBANK21.7%+100.0%1.00×+4/4Accumulate
FIDELITYBK19.5%0.87×+0/3Accumulate
EVIDENCE
Filings indexed27,757
Structured statements1,612
Committee dimensions6
Freshness2026-09-15
Verdict coverage145/147

These figures are live from Investo's own tables. Insufficient data is flagged, not filled in. AI research · not investment advice.

Built on the market's underlying evidence.

145/147
NGX EQUITIES COVERED
27,757
FILINGS INDEXED
147
STRUCTURED FUNDAMENTALS
680,867
DAILY PRICE BARS
10 years
HISTORICAL PRICE DATA

Ask the market anything.

Research that starts with a question instead of a spreadsheet.

CONCLUSION
What is the view on FTGINSURE?

Fortis Global Insurance Plc trades at ₦2.00, a 47% discount to the computed base fair value of ₦2.94 (P/B-anchored, peer-median multiples), with a current P/B of 0.71x against a sector median of 1.13x — a statistically meaningful valuation gap.

Our view
Directional
Fair value, base
₦2.94
Return on equity
-19.1%
Price to book
0.13×
SUPPORT
Confidence99% · high
Reporting periods read10
FreshnessP/B vs ROE · generated 2026-09-05
GO DEEPER

Every figure on this card is read straight from the published verdict for FTGINSURE — no figure here was written for this page.

An analyst that reads every filing.

PIPELINE
01Filing184 pp
02Financial extraction412 fields
03Fundamental analysis8 years
04Valuation4 methods
05Risk analysis11 factors
06Investment thesisbull / bear
07AI verdictconfidence gated

The same sequence runs on every filing that arrives, for every listed equity — so coverage doesn't depend on who is interesting this week.

RESEARCH MEMOGTCOGENERATED 10:29 WAT
AI VERDICT
Hold
CONFIDENCE
Medium
FAIR VALUE
₦98–133
THESIS

GTCO is Nigeria's premier financial holding company, combining a Tier-1 banking franchise with nascent non-bank subsidiaries (payments, HoldCo), underpinned by a reported ROE of ~20% (vendor: 25%) on BVPS of ₦99.19 and a 10% dividend yield at current prices.

EVIDENCE
115
filings
18
statements
6
scored dimensions
12
risk factors

Know what the market is pricing in.

Change the assumptions and watch the range move. Opening on GTCO, at Investo's published fair value.

GTCO · LAST CLOSE
130.00
FAIR VALUE
114.15
UPSIDE
−12.2%
BASE MARKET▬ BEAR–BULL RANGE
BEAR CASE
91.32
BASE CASE
114.15
BULL CASE
143.83
ASSUMPTIONS
Revenue growth14.0%
EBIT margin28.0%
Terminal growth3.5%
Cost of equity16.0%

Guaranty Trust Holding Company Plc at the 2026-09-15 close, against Investo's published fair value (P/B vs ROE (group level)). Move an assumption and the range moves with it. An instrument, not a recommendation. Investo shows the range your assumptions imply — and flags when no assumption set makes the price reasonable.

Know what changed.

LATEST · 6 EVENTS
TOTAL52-week low₦5764d ago
NREIT52-week high₦1134d ago
AIRTELAFRI52-week high₦6,3004d ago
SEPLAT52-week high₦14,907.84d ago
TRANSCOHOT52-week high₦265.54d ago
GEREGU52-week low₦825.74d ago

When results drop, you're already briefed.

BEFORE
184-page filing
Arrives at 06:02. Nobody reads all of it.
AFTER
2-minute brief
In your inbox at 06:14, with the numbers reconciled.
REVENUE
↑ 18%
PROFIT
↑ 24%
EPS
↑ 21%
ROE
↑ 3.2pp
DIVIDEND
↑ 12%
WHAT CHANGED
01Non-interest income overtook net interest income for the first time in eight quarters.
02Cost of risk fell to 1.1%, below management's 1.5% guidance.
03The dividend was raised despite a higher regulatory capital requirement.
WHAT MATTERS NEXT
Can fee income hold its share once rates normalise?
Does the oil and gas book survive a lower crude assumption?
Is the payout ratio sustainable at the new capital floor?

Screen the market in plain English.

FINDReturn on equity above 20%, earning more than it pays out
TRANSLATED TOROE > 20%Payout ratio < 70%EPS > 0
TICKERLAST CLOSEROEP/BP/EDIV YIELDDPS GROWTHAI VERDICT
VITAFOAM₦194.0049.1%6.60×16.79×1.3%+242.9%Positive
CAP₦102.0049.0%5.94×13.46×3.5%+66.7%Hold
WEMABANK₦29.9046.6%1.74×4.67×4.2%+25.0%Hold
ETERNA₦34.5044.5%2.39×7.32×1.4%Directional
ARADEL₦1550.0044.3%2.83×8.05×2.3%+10.0%Hold
Live ratios, top 5 by rank. The chips above are the filters that produced these rows.Open in Screener →

The whole NGX.

Every listed equity runs through the same pipeline. A verdict publishes where the evidence supports one.

145/147
NGX EQUITIES UNDER ACTIVE COVERAGE
Banking39 listed
FCMB logo
FCMBFCMB GROUP PLC.Positive
FIDELITYBK logo
FIDELITYBKFIDELITY BANK PLCPositive
JAIZBANK logo
JAIZBANKJaiz Bank PlcNegative
STANBIC logo
STANBICSTANBIC IBTC HOLDINGS PLCHold
ACCESSCORP logo
ACCESSCORPACCESS HOLDINGS PLCPositive
BETAGLAS logo
BETAGLASBeta Glass PlcPositive
Live verdicts, up to six names per sector; the full board is on /coverage. Verdicts are gated on data sufficiency, so some names read as insufficient rather than neutral.

We don't invent certainty.

01
Filings ingestion

Everything the exchange publishes, captured on arrival — not when someone gets around to it.

02
Structured extraction

Statements parsed into comparable fields, reconciled against the prior period.

03
Analyst-grade synthesis

Fundamentals, valuation and risk assembled into a thesis with both sides stated.

04
Confidence gating

Nothing publishes above the confidence its evidence supports.

Insufficient data → flagged, not faked.

Two of 147 equities currently carry an insufficient-data flag. We would rather show you the gap.

Low confidence → directional only.

Below the medium-confidence bar, Investo gives a direction and its reasoning — never a fair-value range.

Build your own investment desk.

Investo should not tell you what to think. It should help you think better — starting with your own thesis.

WORKSPACE
Watchlist18
Portfolio₦12.4m
Investment thesis4
Research memos11
Alerts3 active
Saved queries7
Recent researchGTCO
My GTCO ThesisEDITED 2 DAYS AGO
BULL CASE

Strong earnings growth and capital generation. The holdco structure lets non-interest income compound faster than the balance sheet.

BEAR CASE

Margin compression as rates normalise, and weaker credit growth if the recapitalisation absorbs risk appetite.

MY TARGET
₦78.00
AI CHALLENGE

"Your thesis assumes earnings growth stays above 15%. The latest filings imply 11.4% once the one-off FX gain is stripped out — your target needs either a higher exit multiple or a different growth path."

TOTAL PORTFOLIO
₦12.4m
TODAY'S CHANGE
+₦184k
YTD
+32%
ALLOCATION
Financials42%
Consumer18%
Industrial15%
Energy13%
Other12%
PORTFOLIO INTELLIGENCE
Your portfolio is heavily exposed to financial services.
38% of your earnings exposure comes from three banks.
Dividend income is expected to contribute ₦742k this year.
Ask Investo about my portfolio →

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07:30 · LAGOS

Good morning. Here's what changed.

The market. Your portfolio. Three important filings. Two companies worth investigating. One insight. Everything else disappears into the background.

The marketASI +0.63% · breadth 61%
Your portfolio+₦184k today
FilingsGTCO · ZENITHBANK · MTNN
Worth investigatingOKOMUOIL · ARADEL
InsightBank dividend cover improved for the fourth straight quarter — the sector is paying out of earnings again, not reserves.