On September 16, 2024, I sent a STRONG BUY recommendation on Ecobank (ETI) stock, with an average entry price of around N23.

But here is my point: Whenever I buy Ecobank stock, it delivers, and I make double-digit gains from capital appreciation.

The stock is predictable, less volatile, fundamentally strong and benefiting from sector policies (CBN interest rate hikes)

As of yesterday's close, Ecobank stock reached a new high of N28, +21%.

My fair value of the stock is close to N30-N32.

This is not the first time I am trading Ecobank.

Last year, I invested heavily in Ecobank at N16 (Watch my YouTube video here)

Yesterday, I dropped a strong Buy signal on top Nigerian stock to buy, so here are two of my recommendations:

• CWG stock (Computer Warehouse Group): 6.5
• NNFM (Northern Nigerian Flour Mill): N40.

These two stocks are benefiting food and growing IT spending.

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