October 28, 2024/CSL Research According to the Nigerian Exchange Limited (NGX) report on domestic and foreign portfolio participation in equities for September 2024, the total transactions at the nation’s bourse increased m/m by 29.9% to N493.01bn in September from N379.52bn in August 2024. Thus, bringing the total transaction value in […]
Author: InvestAdvocate
AfDB, ADB Sign $1Billion Exchange Exposure Agreement to Increase Development Lending Capacity to African Nations
New exposure exchange agreement will offer a countercyclical capital buffer October 28, 2024/AfDB The African Development Bank and the Asian Development Bank have signed a $1 billion exchange exposure agreement (EEA) aimed at enhancing the African Development Bank’s capital position and its capacity for sustainable lending across Africa. The agreement, […]
STANBIC IBTC 9M 2024: Strong Growth in Interest and Non-Interest Income
October 28, 2024/CSL Research Stanbic’s 9M 2024 unaudited numbers showed a 130.7%y/y increase in Interest Income to N425.8bn driven by an increase in lending activities and improved interest margins. Q/q, Interest Income was up 37.9% in Q3. Net Loans to customers grew 16.2% in 9M 2024 compared with the December […]
