The Nigerian stock market index just exploded past a major resistance level.

Yesterday, the market broke through 109,850 points to close at 110,600, the highest level so far.

This isn’t just noise. It’s a strong bullish structure forming, and smart money is already positioning for the next move.

One sector quietly attracting attention?

👉🏽 Banking stocks.

High interest rates = juicy net interest income = rising profits.

I’ve spent weeks watching the charts, crunching the earnings, and building a niche position in one specific banking stock that's still at the bottom.

Why? Because everything is lining up for a potential breakout.

Here’s the kicker:

• It’s formed a double-bottom and is above to fly.
• It’s 14% above its 2025 low (buyers are creeping in)
• If it rises above the 30-day high, we could see a 30–50% gain in 6–12 months (higher than FGN bond or CBN Treasury bill)
• Dividend yield is already 5.6%, with potential to climb to 6.5–7% as payouts increase
• The bank has 20+ years of consistent dividend history

Its recent earnings?

📈 +41% in gross earnings

📈 +57% in fees & commission

📈 +50% in trading income (thanks to bonds)

📈 +12% in profit after tax

The stock isn't screaming yet… but it’s whispering, and that’s when I like to buy for dividend and capital gain.

I have been breaking down this play—and a few others I'm stalking for short-term rallies and long-term dividend upside—inside GlobFolio Pro.

👉🏽 Click here to access the stock immediately »

If you’re not yet a subscriber, this is the kind of real-time, research-backed idea you're missing.

👉🏽 Subscribe now to get access immediately »

Let’s catch the next wave of this bull run—not after it peaks, but while the smart money is just getting in.

To your wealth,

CoachOge

Lead Analyst, GlobFolio